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blister packaging market

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blister packaging market

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. BLISTER PACKAGING MARKET ANALYSIS • Blister Packaging Market, by Product Type (Clamshells, Trapped Blisters, Face Seal Blisters, and Blister Cards), by Technology (Thermoforming and Cold Forming), by Material Type (Plastic, Paper & Paperboard, and Aluminum), by Application (Consumer Goods, Pharmaceuticals, Electronics & Semiconductors, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Blister packaging is a type of packaging, which is used for small consumer goods products, medical devices, and pharmaceuticals, therefore it is categorized as unit dose packaging. Blister packaging is usually made from thermoforming of plastic sheet to form multiple blisters, a small pocket or cup to hold the product. Blister packs offer cost-efficient packaging solution for protecting the product from tampering and in avoiding exposure to external factors such as temperature, humidity, and others. • The global blister packaging market was pegged at around 2,350 kilo tons, in 2018 and is expected to exhibit a CAGR of 4.2% over the forecast period (2019-2027), to surpass 3,400 kilo tons by 2027.

  4. Figure 1. Global Blister Packaging Market, Volume Share (%) Analysis, By Region, 2018

  5. Manufacturers in the packaging industry are aiming towards reducing their overall environmental footprint. For instance, on 5th February 2020, Sonoco introduced its retail blister packaging product, EnviroSensePaperBlister, which is completely made from paper. This all-paper blister package is designed to provide an efficient alternative to conventional thermoformed plastic based packaging, as it bio-degradable as well as it require lesser number of shipping cartons during transportation. Moreover, EnviroSensePaperBlister exhibits lesser weight and more packages per truckload to ship the product same amount of product.

  6. Furthermore, increasing number of collaborations among leading companies with an aim for increasing their market presence across the globe is expected to fuel growth of the global blister packaging market over the forecast period. For instance, Probiotec acquired South Pack Laboratories (Aust) Pty Ltd., an Australia-based company, which offers packaging solutions for nutraceutical and pharmaceutical products and Australian Blister Sealing (ABS), a packaging manufacturer specialized in production of blister and clamshell packaging for pharmaceutical industry, in October 2017 and July 2019, respectively.

  7. Moreover, governments across the world are encouraging adoption of biodegradable packaging products over plastic-based packaging, owing to the rising concerns about excessive use of plastics, which is eventually harmful to the environment. This is expected to hamper growth of the global blister packaging market during the forecast period. On account of this, key players are focused on introducing new substitutes for non-recyclable blister packaging products, which are recyclable in nature. For instance, in November 2019, Romaco developed first recyclable unit packaging for solid drugs products, Push Packs, which are manufactured from recyclable polyolefin laminates. The production cost of Push Packs are lower as compared to conventional blister packs by around 60%, as it requires much lesser consumption of material.

  8. Major companies operating in the global blister packaging market include Amcor PLC, Blisters Inc., Honeywell International Inc., Blisterpak Inc., VisiPak, Sonoco Products Company, Powerpak Industries L.L.C., Clearwater Packaging Inc., Constantia Flexibles GmbH, Westrock Company, and Algus Packaging Inc. • Leading companies such as Nelipak Corporation, Inc. is focused on adopting strategies such as mergers & acquisitions to expand its market presence in the global blister packaging market. For instance, in August 2019, Nelipak Corporation, Inc., one of the leading providers of custom designed packaging products for pharmaceutical and medical device industries and Kohlberg & Company, L.L.C., a New York-based private equity firm together acquired Bemis Healthcare Packaging, a company which is involved in manufacturing of packaging products for pharmaceutical industry. This is expected to boost growth of the global blister packaging market growth over the forecast period.

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  10. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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