Alu Alu Cold Blister Films Market Overview
According to the latest study by FMI, the alu alu cold blister films market is set to grow a CAGR 6.7% during the forecast period of 2021-2031. Demand for these cold blister films will witness steady recovery in short-term, with positive growth outlook in the long-run.
Upsurge in demand for healthcare products in recent years created opportunity for the cold blister films manufacturers. The rapid growth of the pharmaceutical industry witnessing for the growing requirement for cold blister films.
Cost Effective and High Quality Packaging in Healthcare Industry Fueling the Demand for Alu Alu Cold Blister Films
Blister films has been invented in 19th century for packaging of medicines, since then it has been evolved into new avenues and now the cold blister packaging is the most viable option for medicines along with other pharmaceutical products packaging.
The evolving demand for high quality and cost effective packaging in pharmaceutical industry continues to drive demand for these cold blister films. Packaging of capsules, tablets, drugs, Vials, liquid products, ampoules and syringes continue to be a lucrative avenue for cold blister films manufacturers.
Use of aluminium in cold blister packaging i.e. alu alu cold blister packaging helps provide an impermeable barrier to light, gas and moisture. It also maintains the integrity of the product, provides complete protection, and demonstrates a high patient compliance rate.
Owing to the flexible and protective properties, cold blister films become the most utilized film type in pharmaceutical sector. Over 55% of the cold blister films sales comes from the pharmaceutical industry every year across the globe.
COVID-19 Has Increased the Sales of Alu Alu Cold Blister Films
Owing to the COVID-19 pandemic the sales of alu alu cold blister films observed vertical rise in the demand graph from the second quarter of 2020 and it is expected to behold its market potential over the forecast period. The pandemic taught us to stay healthy and fit along with timely precaution towards any illness and take medication accordingly.
It has been observed that the healthcare spending has been grown up by 45% in 2020 as a huge number of people across the globe was got affected by corona virus thereby requiring medicines. Considering the fact the cold blister market will show a significant year on year growth till 2025 thereafter it will grow with a moderate pace.
US and Canada Alu Alu Cold Blister Films Market Outlook
The US is considered as one of the most prominent region for cold blister films business. The US alu alu cold blister films demand is set use stride on the historic pattern of boom and bust during the assessment period 2021-2031. Demand is likely to remain amplified in the next couple of years, owing the fast growing requirement in pharmaceutical industry.
Additionally, the country witnesses for the prominent sales share across the globe and also the high per capita spending on prescription drugs in the country compare to other developed nations in turn enhances the demand for the cold blister films.
COVID-19 pandemic increased the consumption of prescribed medicines across the US as the country has witnessed for most number of affected people during 2020 who were constantly looking for medicines and healthcare facilities. The country witnessed for approx. 35% increase in consumption of medicines in 2020 compare to 2019.
Canada is also one of the prominent pharmaceutical market across the globe. In terms of value, the country is witnessing for over US$ 21.35 Bn for pharmaceutical products sales. By looking into the huge demand, cold blister films manufacturers are attracted to the country for expanding their business throughout.
Europe Demand Outlook for Alu Alu Cold Blister Films
European cold blister packaging sales is expected to reach a compound annual growth rate of 6.3% over the forecast period. Europe is considered as second largest pharmaceutical market after North America. The countries such as Germany, France, Italy, UK and Spain are contributing greatly on the regional sales share.
In terms of value the four countries contribute over US$ 125 Bn in the pharmaceutical sector. Among them Germany as an individual contribute over approx. US$ 46 Bn.
Owing to the huge potential of pharmaceutical sector these countries experienced a heavy traffic of manufacturers. The cold blister films manufacturers are always walk side by side with pharmaceutical industry and Europe is one of the prominent investment base for them to walk along. The huge pharmaceutical industry of Europe made the region more prominent for investment.
It has been observed that many countries across Europe severely affected by COVID-19 pandemic, Italy was the country witnessed for most number of cases followed by death across Europe. The pandemic created upsurge in demand for regular drugs and medicines.
Furthermore, COVID-19 outbreak has increased the research across the world for developing a vaccine and Europe is also one among them. Considering the fact that Europe is one of the most prominent region for cold blister packaging business.
Who are the Key Manufacturers of Alu Alu Cold Blister Films?
Some of the leading manufacturers and suppliers of alu alu cold blister films include
- Honeywell International, Inc.
- ACG Pharmapack Pvt. Ltd.
- Display Pack, Inc.
- West Rock Company
- Winpak Ltd.
- Rohrer Corporation
- Sonoco Products Company
- Constantia Flexibles GmbH
- Tekni-Plex and Amcor Limited.
Many Leading manufacturers and suppliers are focused towards longstanding contracts with pharmaceutical companies to supply blister films as per the requirement. Most of them are already planned to redevelop the size of blisters in order to provide packaging solution with the changing dimensions of pharmaceutical products.
In addition, less bio-reactive materials used in the production of blisters will continue to remain as notable trend in the cold blister packaging manufacturing landscape across all prominent regions globally.
assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Product Type:
- Face Seal
- Full Face Seal
- Mock Clamshell
- Trapped Blister
- Medical Devices
- Cosmetic Product
- Electrical items
By End-use Industry:
- Consumer goods
- Food & Beverages
- Electronics & semiconductors
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Oceania
- New Zealand
- Rest of SAO
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA