Blister Packaging Market

Blister Packaging Market: North America to Lead in Terms of Both Value & Volume During the Forecast Period: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)

  • REP-GB-4648
  • 2017-08-17
  • 355 Pages
  • Format: pdf ppt
  • Category: Packaging

Market push and pull factors and opportunity areas

The global blister packaging market is anticipated to reach a value of more than US$ 18 Bn by 2027 end and is poised to register a CAGR of 6.3% during the period of forecast (2017 to 2027). Several trends, opportunities, restraining factors, and challenges lurk within the global blister packaging market that impact the dynamics of the global market. North America is the leading region expected to contribute over 32% with respect to value share in 2017 and is anticipated to grow at a CAGR of 6.6% over the period of forecast, thereby dominating the global blister packaging market.

There are several opportunities within the global blister packaging market. Attractive features in blister packaging for pharmaceuticals is an untapped opportunity. Innovation and development in blister packaging can facilitate product tracking on smartphones and also remind patients to take medicines on time. Also, in order to enable blind or disabled persons to identify pharmaceutical drug specification and details printed on blister packs, manufacturers can focus on blister packaging solutions with attributes that will enable users to get the basic product information easily. The penetration of smart packaging is gaining sufficient traction especially in the pharmaceutical industry, thereby offering convenience and ease for consumers. Owing to the tamper resistance and barrier properties, there is an increase in the adoption of blister packaging. These factors are driving the global blister packaging market.

However, certain loopholes can act as restraints in the growth of the global blister packaging market. Strong competition from parental flexible solutions is anticipated to hamper the growth of the blister packaging market in the long run. Moreover, blister packaging is not much of a preferred option for heavy products. This can limit the application of blister packaging and consumption thereby pulling revenue growth in the global blister packaging market.

North America will continue to dominate the global blister packaging market

The North America region is expected to grow at a robust growth rate to reflect a value of more than US$ 6 Bn by the end of 2027. With respect to volume, North America again stands first as it reflects a higher volume growth during 2017 and this trend is anticipated to continue over the period of forecast. Within the North America region, the food and pharmaceutical industries in the United States are expected to contribute to the growth of the blister packaging market. The Canada market is anticipated to grow at a similar rate as that of the U.S, and is poised to register a CAGR of 6.3% during the period of forecast. The U.S market accounts for about 88.1% of the North America blister packaging market.

Asia Pacific Excluding Japan (APEJ) reflects high growth potential

The Asia Pacific Excluding Japan (APEJ) region, consisting of emerging economies such as China, India and ASEAN countries, has shown impressive growth in the global pharmaceuticals market. Leading global players are actively considering APEJ as the epicentre for drug manufacturing. This is possible owing to low cost of labour, encouraging government initiatives to promote local manufacturing, and easy availability of skilled labour and resources. These factors have transformed the APEJ region into a potential market for blister packaging. Technological advancements in APEJ have contributed towards fuelling the growth of the blister packaging market in this region. Manufacturers are producing blister packs made of recyclable material that are eco-friendly in nature. China – the largest market for blister packs in this region – has started producing and supplying barrier films for the production of blisters packs. Both China and India are expected to grow at a similar rate and are the dominating countries in APEJ, with China expected to hold a higher market share by value than India. The APEJ blister packaging market is expected to grow at a CAGR of 6.2% during the period of forecast.

Dynamics of the global blister packaging market

  • Dosing accuracy reduces all medication errors. Blister packs are gaining popularity owing to their “smart” features; one can track whether the pills are taken on time or not. Nowadays, blister packs are being linked with sensors that send alerts to smartphones, thereby reducing medication errors.

  • Blister packs have very thin film and peeling becomes extremely easier. This can cause unintentional poisoning to children, as they can easily access the contents. It has been noticed that medicated drugs are causing non-fatal poisoning in children owing to the direct consumption of the medication by children due to ease in unwrapping the medicine.

  • Various product launches have been witnessed. For example, companies such as Amcor Limited and Constantia Flexibles GmbH are focussing on product launching activities in order to extend their market visibility at a global level.

  • Blister packs act as perfect sealing agents for microbes and provide stable and reliable solution for pills. Blister packaging material is getting more popularity as it provides an aseptic solution.

  • Manufacturers in emerging countries are using conventional material for production as it is cost-effective. These chemicals can cause serious health issues and hence health conscious individuals are switching to safer materials.

The global blister packaging market is estimated to grow at a healthy pace driven by untapped opportunity in the pharmaceutical sector. Innovation and development in this packaging will facilitate product tracking on smartphones and remind patients to take medicines on time.  In order to enable disabled and blind people to identify the details printed on blister packs or identify drug specifications, manufacturers need to focus on blister packaging solutions that has attributes which enable users to get basic information about products, easily.

Penetration of Smart Packaging to Emerge as Trend

One of the key trends in the market is the increasing penetration of smart packaging. Smart packaging is especially in demand from the pharmaceutical sector as it offers ease and convenience for consumers. The tamper resistance and barrier properties will also increase the adoption of this form of packaging. Due to all these reasons, the global blister packaging market will witness a high growth and reach an evaluation of US$18 bn by 2027, exhibiting a 6.4% CAGR from 2017 to 2027.  

Lack of Preference for Heavy Products to Limit Application of Blister Packaging

Some of the factors restricting the growth of the global blister packaging marker are: the strong competition from parental flexible solutions and the fact that blister packaging is not preferred for heavy products will also hamper the growth of the market. This is limiting the application of blister packaging and thus, the consumption will be low, thereby hampering the growth of this market.

Blister packs have films that are very thin, which is making it extremely easy for peeling. This may cause poisoning to small children as they can access the contents easily. Medicated drugs are causing non-fatal positioning to children as they are being consumed by children directly due to easy unwrapping of medicines. Another factor posing a threat to the growth of this market is the conventional material used for production in developing nations in a bid to reduce cost. These chemicals can pose serious health issues and will drive health conscious people to switch to safer materials.

North America Leading in Blister Packaging Market

On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, North America is leading the market and is at present holding 32% of the market in 2017. The North American market is anticipated to expand at a 6.6% CAGR between 2017 and 2027. The North America market for blister packaging is anticipated to be worth US$6 bn by 2027. The flourishing food and pharmaceutical sectors in the U.S. will be a key reason for the growth of the blister packaging market. Canada is expected to expand at a 6.3% CAGR between 2017 and 2027. However, the U.S. accounts for over 88% of the North American blister packaging market.

Asia Pacific except Japan (APEJ) is currently reflecting high potential of growth.  The emerging economies such as India, China, and ASEAN nations are exhibiting impressive growth in the pharmaceuticals industry, which in turn is boosting the growth of blister packaging. On account of cheap labor and encouraging initiatives that promote manufacturing, the APEJ market for blister packaging. Technological advancements are also a key factor fueling the growth of this market in APEJ, which will result in the market exhibiting a 6.2% CAGR from 2017 to 2027.