Newly released data from blister paper market analysis projects the market demand to be optimistic and mounting with a high growth rate of ~6.2% from 2021 to 2031. Unique product appearance with QR codes and bar codes to identify the dosage are few more drivers of the blister paper market.
Blister paper is a more eco-friendly alternative to blister plastic packaging. It is majorly used for pharmaceutical and healthcare drug packaging. Blister paper is a relatively new product in the market and expects a colossal slice of growth in the initial stages. Blister paper has a thermoformable base film and another lidding film with coatings to keep it safe from any moisture or heat which can damage the products packed.
The global healthcare and pharmaceuticals sector is growing for a few years now.
The outbreak of COVID-19 has resulted in a spike in the consumption of the healthcare and pharmaceutical sector and this has also given a boost to the blister paper market. User convenience and safety of the product play important roles in shaping the product market.
The extremely lightweight material, high recyclability and biodegradability are a few of the primary factors shaping the growth of blister paper in the market.
The increasing demand for products in the pharmaceutical and healthcare sector is further driving the blister paper market. Unique product appearance with QR codes and bar codes to identify the dosage are few more drivers of the blister paper market.
The initial cost of production is expected to restrain the market growth since it might delay the product adaption by many pharmaceutical companies. Blister paper cannot be used to pack bulky or heavy items, it cannot be used to pack fragile items since it can lead to breakage or rupture, further resulting in loss to the producer.
However, the sustainability factor and improved usage are expected to handle the market miscellany
Key players operating in the blister paper market are
are few of the players operating in Asia Pacific that manufacture blister paper.
Manufacturers of blister paper market are collaborating with blister packaging machine manufacturers to develop affordable and quality blister paper in the market.
According to The Tribune, India has overtaken the U.S. to stand as the second-largest manufacturing destination after China on August 2021. Many American and Japanese companies are setting up their manufacturing units in India.
Another recent example for the same could be Apple, an American technology giant, also the largest company in the world in terms of market capitalization has shifted its manufacturing unit from China to India. The factors for the same are skilled labourers at lower costs, technological development, a favourable business environment and flexible trade policies.
COVID-19 has profoundly affected the food and pharmaceutical market with variations in consumer consumption patterns, lockdown restrictions and altered laws in the sectors. Blister paper market is expected to see disruptive changes in manufacturing, supply and logistics due to the pandemic.
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Blister Paper Market
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