With the emergence and long-term Impact of COVID-19, the Global Healthcare Blister Packaging Market is to reach USD 32.79 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Healthcare Blister Packaging Market is poised to raise up to USD 32.79 Billion by 2030. Healthcare blister packaging refers to a specialized form of packaging designed to protect and preserve pharmaceutical and medical products. This packaging method involves using a thermoformed plastic blister or cavity that holds individual doses of medications, medical devices, or supplements. The blister is typically sealed with foil or other barrier material to ensure the integrity and safety of the contents. Healthcare blister packaging offers several advantages, including protection from external factors such as moisture, light, and air, which can degrade the efficacy of medications.
It also facilitates accurate dosing and helps in maintaining product stability throughout its shelf life. The packaging is often tamper-evident, providing an additional layer of security to consumers. The Healthcare Blister Packaging Market is expanding because of factors such as an increase in the establishment of new chemical and biological companies, rising healthcare spending and rising pharmaceutical production. The burgeoning presence of new chemical and biological companies is playing a pivotal role in driving the growth of the Healthcare Blister Packaging Market.
As these companies establish themselves and introduce a myriad of innovative pharmaceutical and medical products, there is an inherent need for packaging solutions that ensure product safety, regulatory compliance, and consumer well-being. The United States has witnessed a surge in the establishment of new chemical and biological companies in recent years.
According to data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), the country experienced the introduction of 100 new chemical and biological entities from 2013 to 2017, followed by an impressive 159 more entities from 2018 to 2022. In addition, stringent regulatory compliance is anticipated to fuel the demand for healthcare blister packaging, and innovation in packaging technology are creating new opportunities for the market growth. However, the availability of alternative packaging and fluctuation in raw material prices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Healthcare Blister Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The region is being dominated due to the rising development of pharmaceutical manufacturing facilities, rising spending in healthcare infrastructure, and rising government investment and initiatives for pharmaceutical infrastructure. Europe is expected to grow at the fastest rate over the forecast period.
The increasing investment in pharmaceutical research and development is anticipated to result in the introduction of novel medications in tablet and capsule forms. This, in turn, is expected to generate a demand for packaging solutions that offer moisture resistance and tamper-evident features, thereby fueling the growth of the market.
The global Healthcare Blister Packaging Market is highly competitive owing to the presence of several key manufacturers such as Amcor Plc, Constantia Flexibles, CCL Healthcare, UFlex Limited, Sonoco Products Company, WestRock Company, and others.
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Key findings of the study suggest:
- Global Healthcare Blister Packaging Market is anticipated to grow with a healthy growth rate of more than 7.80% over the forecast period 2023-2030.
- In the technology segment, thermoforming emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rising development of pharmaceutical manufacturing facilities.
- Europeis expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Material:
- Paper & Paperboard
- Plastic Films
- Aluminum
By Technology:
- Thermoforming
- Cold Forming
By Type:
- Carded
- Clamshell
By Application:
- Tablets
- Capsules
- Powders
- Medical Devices
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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