Global Pharmaceutical Blister Packaging Market- Industry Analysis and Forecast (2019-2026):
Global Pharmaceutical Blister Packaging Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a 6.3% CAGR of around during a forecast period.
Blister pack is a term for various types of pre-formed plastic packaging used for pharmaceuticals, small consumer goods, and foods. The major component of a blister pack is a cavity or pocket made from a formable web, basically a thermoformed plastic. This usually has a backing of paperboard or a lidding seal of aluminum-plastic or foil.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The Global Pharmaceutical Blister Packaging Market dynamics are thoroughly studied and explained in the MMR report, which helps the reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the Global Pharmaceutical Blister Packaging Market. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the MMR report with other supporting. Increasing demand for tamper and safe evident packaging is fueling the global market growth. Blister packaging provides an oxygen barrier and high moisture to rise product shelf life is driving its application in the pharmaceutical industry. Growing preference for smart blister packaging is expected to drive the market growth upwards. Additionally, the growth of super barrier coating for blister packaging to protect ultra-sensitive drugs is again booming the demand for pharmaceutical blister packaging. However, certain loopholes can limit the growth of the global pharmaceutical blister packaging market.
Opportunities for the Pharmaceutical Blister Packaging Industry:
There are various opportunities within the pharmaceutical blister packaging market globally. Attractive features in packaging for pharmaceutical blister is an untapped opportunity. Development and Innovation in blister packaging can simplify product tracking on smartphones and similarly remind patients to take tablets or other medicine on time. Moreover, to disabled persons otherwise enable blind to identify pharmaceutical drug requirements and details printed on blister packs, companies can focus on pharmaceutical blister packaging solutions with attributes that will aid users to get the basic product information simply.
The report provides an in-depth segment analysis of the global pharmaceutical blister packaging market, thereby providing valuable insights at macro and micro levels. Regarding technology, the thermoforming segment is dominating the pharmaceutical blister packaging market and valued around US$ XX Bn in 2018. Thermoforming technology will be mainly used in the production of pharmaceutical products of blister packages. The MMR report estimates that by 2026, approximately 1,290 thousand tons of thermoformed blisters will be sold across the pharmaceutical blister packaging market globally.
North America is expected to grow at a healthy growth rate to reflect a value of more than US$ XX Bn by 2026. Based on volume, North America over stands first as it imitates a higher volume growth during 2018 and this trend is expected to continue during the forecast period. Within the region of North America, the pharmaceutical and food industries in the US are likely to contribute to the growth of the US market for blister packaging. The Canadian market is expected to grow at a similar rate as that of the US and is poised to register a CAGR of XX% during 2019-2026.
Role of major companies in the Pharmaceutical Blister Packaging Industry:
The research study contains the profiles of leading companies operating in the global pharmaceutical blister packaging market. Amcor is the major company in the global market for pharmaceutical blister packaging, accounted for 7.41% of the revenue market share in 2017, followed by Kl?ckner Pentaplast and Constantia Flexibles accounted for 4.47% and 6.68% of the revenue market share in 2017.
The objective of the report is to present comprehensive analysis of Global Pharmaceutical Blister Packaging Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Pharmaceutical Blister Packaging Market dynamics, structure by analyzing the market segments, and project the Global Pharmaceutical Blister Packaging Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pharmaceutical Blister Packaging Market make the report investor’s guide.
Scope of the Global Pharmaceutical Blister Packaging Market
Global Pharmaceutical Blister Packaging Market, By Product
• Paper & Paperboard
Global Pharmaceutical Blister Packaging Market, By Application
Global Pharmaceutical Blister Packaging Market, By Technology
• Cold Forming
Global Pharmaceutical Blister Packaging Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
Key players operating in the Global Pharmaceutical Blister Packaging Market
• Constantia Flexibles
• Kl?ckner Pentaplast
• CPH GROUP
• Shanghai Haishun
• IPS Ariflex
• Zhong jin
• Carcano Antonio
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Name: Vikas Godage
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