According to the MarkNtel Advisors' research report, "Global Blister Packaging Market Analysis, 2021," the market is expected to grow at a CAGR of 7% during 2021-26. The rising demand for blister packaging is due to a surge in the consumption of packaged products and the manufacturing of medicines with distinctive packaging, which is hard to imitate.
Strict norms and regulations laid by the government against counterfeit drugs aid the demand for blister packaging. Further, new product launches offer lucrative opportunities for the market players in the forecast timeline.
Key questions answered in the study
Pharmaceutical and Healthcare Dominates the Market
Based on the End-Users, the pharmaceutical & healthcare industries hold the dominant share in the Global Blister Packaging Market due to the need for a high level of protection from the external atmosphere, ease of handling, and to retain its production purpose.
Blister packaging meets the stringent standards set by the government for pharmaceutical and packaging industries. Further, it offers the feature of unit dosage, thereby, reduces the risk of incorrect dosing. Therefore, the pharmaceutical & healthcare industries are the primary end-users of blister packaging; hence, contributing to the overall market growth.
"Global Blister Packaging Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Blister Packaging providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors and strategic factorial indexing measuring competitor's capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-pacific market is likely to register the fastest growth in the Global Blister Packaging market during 2021-26 due to the rise in the number of end-users such as healthcare, cosmetics, food & beverages, or industrial goods and increasing demand for processed and packaged food available in visible packaging.
India is likely to become the largest revenue generator for the blister packaging market as it is one of the largest pharmaceutical manufacturers and exporter. Thus, the usage of blister packaging is going to be high in India in the coming years. Thereby, the region can contribute to the growth of the global Blister Packaging market in the forecast period, says MarkNtel Advisors in their research report, "Global Blister Packaging Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the global Blister Packaging market are Amcor PLC, Westrock Company, Constantia Flexibles GmbH, Sonoco Products Company, DuPont de Nemours, Inc., Blisterpak, Inc., Sinclair & Rush, Inc., Steripack, Mister Blister Limited, Formpaks International Co. Ltd.