Industry: Chemicals and Materials
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP34666
The blister packaging market value, estimated at US$23.7 Bn in 2024, is expected to reach US$36.9 Bn by 2031. The market is expected to achieve an expanding, steady CAGR of 6.5% from 2024 to 2031.
Key Highlights of the Market
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Attributes |
Key Insights |
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Market Size (2024E) |
US$23.7 Bn |
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Projected Market Value (2031F) |
US$36.9 Bn |
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Forecast Growth Rate (CAGR 2024 to 2031) |
6.5% |
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Historical Growth Rate (CAGR 2019 to 2023) |
6.0% |
The blister packaging market is a growing industry that caters to various sectors, including pharmaceuticals, consumer goods, food products, and industrial goods. Blister packaging refers to the use of preformed plastic packages to protect products from humid conditions, UV rays, contamination, and tampering.
The market for blister packaging is expected to grow from US$ 23.7 Bn in 2024 to US$36.9 Bn by 2031. The pharmaceutical industry is a major growth driver for the market.
Factors such as the increasing off-patenting of drugs, improved patient adherence, the rising trend of short-cycle medication, and regulations imposed for unit-dosing have contributed to the surge in demand for blister packaging in the pharmaceutical sector.
The growing trend towards sustainable packaging solutions encourages manufacturers to make sustainable blister packages from materials such as paper, reducing reliance on non-degradable plastics.
Additionally, technological advancements have played a significant role in the blister packaging industry. Further, the growth in over-the-counter (OTC) drugs has also contributed towards market expansion.
Factors such as population health management, inventions, more informed customers, and an increase in OTC drugs have augmented the growth of packaging. All these market trends are fueling the industry to reach a competitive and sustainable edge.
The blister packaging market revenue has experienced significant growth over the years, driven by various factors such as the increasing demand for practical and tamper-proof packaging, the rise in the pharmaceutical industry, and the need for unit dose packaging.
The market size was valued at US$ 17.7 billion in 2019. It recorded a CAGR of 6.0% during the forecast period from 2019 to 2023. Global sales of blister packaging reached a valuation of US$27.6 billion in 2023, with a CAGR of 5.8% during the historical period.
The market is expected to continue its growth revolution in the coming years. The market is expected to reach US$23.7 Bn in 2024 and grow at a CAGR of 6.5% to reach US$36.9 Bn by 2031.
The pharmaceutical industry is a major driver of the market expansion. The demand for blister packaging in the pharmaceutical sector is expected to continue to rise due to factors such as the increasing off-patenting of drugs, improved patient adherence, and the rising trend of short-cycle medication.
The market is witnessing a shift towards sustainable blister packaging solutions. Technological advancements will also continue to play a significant role in the blister packaging.
Further, the demand for unit dose packaging is expected to drive the growth of the blister packaging market. Unit dose packaging offers convenience, accuracy, and improved patient compliance, making it a preferred choice in the pharmaceutical industry.
Rising Demand for Pharmaceutical Products
The increasing demand for medical tablets, multivitamins, and other pharmaceutical products is driving the market ahead. The COVID-19 pandemic has further accelerated the demand for packaging solutions for pharmaceutical products, pushing blister packaging market sales.
Shift Towards Sustainable Packaging
There is a notable shift towards sustainable blister packaging solutions made from materials such as paper. This shift is driven by environmental concerns and consumer demand for eco-friendly packaging options.
Manufacturers are focusing on developing innovative and sustainable blister packages to reduce reliance on non-degradable plastics, increasing the blister packaging market demand.
Technological Advancements and Innovative Packaging Designs
Technological advancements in blister packaging, such as Activ-Blister Packaging, have enabled drug manufacturers to protect moisture-sensitive drugs efficiently with a long shelf life.
Additionally, innovative packaging designs and formats, such as peelable lidding blister packs, are being developed to meet specific product needs. These advancements and designs contribute to the growth of the market.
Environmental Concerns and Plastic Waste
The market expansion is restrained by challenges such as increasing environmental concerns and the issue of plastic waste. Blister-based packaging often utilizes non-degradable plastics, which contribute to plastic pollution and environmental degradation.
As consumers and regulatory bodies become more conscious of the environmental impact of packaging, there is a growing demand for sustainable alternatives.
Cost Considerations and Production Limitations
The cost of blister packaging materials and equipment can be a limiting factor for some manufacturers. The initial investment required for blister packaging machinery and the cost of materials, such as specialized films and foils, can be higher compared to other packaging options.
Additionally, the production process for blister packaging can be complex and time-consuming, which may impact production efficiency and increase costs, resulting in hampering the market revenue.
Growing Demand in the Food Sector
The usage of blister packaging in the food sector is expected to increase, presenting a significant opportunity for market growth.
Blister packaging offers advantages such as product protection, extended shelf life, and tamper-proof packaging, making it suitable for various food products.
The rising demand for convenient and hygienic packaging solutions in the food industry is likely to drive the adoption of the blister in packaging, ultimately boosting the market sales.
Innovation in Medical Packaging
The blister packaging market is expected to benefit from innovation in medical packaging. With continuous research and development in packaging foils, there are opportunities for market expansion.
Advancements in packaging materials and technologies can enhance the functionality and safety of medical products, such as pharmaceuticals and medical devices.
Manufacturers are focusing on developing innovative blister packaging solutions that offer improved product protection, ease of use, and patient compliance.
Thermoforming Leads on Account of Simplicity and Affordability
The blister packaging market is segmented based on components, including thermoforming and cold forming. Thermoforming dominates the market due to its higher production speed and lower manufacturing costs compared to cold forming.
Thermoforming technology is widely used in various industries due to its simplicity and affordability. The market also presents opportunities for sustainable packaging solutions and innovation in medical packaging.
The growing demand in the food sector and advancements in packaging materials and technologies are expected to drive future growth.
Aluminum Accelerates the Market Growth with Its Superiority
The blister packaging market is segmented based on type, including paper & paperboard, plastic films, and aluminum. Aluminum dominates the market due to its superior moisture protection qualities and high rate of recycling.
The expansion of novel packaging choices made of aluminum and their ease of use present opportunities for increased demand.
For instance, Uflex's Alu-Alu blister packs offer advantages such as easy wearability and child-resistant packaging. The use of aluminum foil in blister packaging for medicinal products is in high demand.
Consumer Goods Set to Take Central Stage in Market
The blister packaging market is segmented based on end-use sectors, including healthcare, consumer goods, industrial goods, and food. The consumer goods segment dominated the market in 2022 due to its ability to be produced in large quantities at a low cost and its aesthetic attributes.
The expansion of the electronics industries in South Korea, Japan, and China, as well as the rising demand for thermoformed clamshell products in the packaging of electronic parts, will be the primary drivers of segment growth in the future. These factors will contribute to the overall expansion.
North America Reigns Supreme in Blister Packaging
In 2022, the North America market dominated the industry with a market share of 45.80%. The healthcare and cosmetics sectors in the region are experiencing rapid industrialization, supported by neighboring countries' governments.
The growing population and increased spending on personal care and healthcare contribute to the revenue growth of the market in North America.
The pharmaceutical industry in the US has witnessed significant expansion, driven by large pharmaceutical companies, rising per capita consumption, and increased spending on pharmaceutical products. The US holds the largest market share, while Canada's blister packaging market is the fastest-growing in the region.
January 2024
TekniPlex Healthcare and Alpek Polyester introduced the world's first pharmaceutical-grade blister film, incorporating 30% post-consumer recycled (PCR) content. This groundbreaking Octal rDPET™ blister film offers a sustainable solution for pharmaceutical companies, allowing them to proactively address forthcoming sustainability regulations that will impact packaging in various industries.
February 2024
PulPac and PA Consulting established the Blister Pack Collective, with Sanofi Consumer Healthcare joining as a member. This collaborative effort aims to address the issue of single-use plastic packaging by adopting dry molded fiber technology. By leveraging this innovative approach, the collective seeks to significantly reduce the annual consumption of plastic medication packaging, which amounts to approximately 100,000 tones.
Companies in the blister packaging market are proactively pursuing growth opportunities through acquisitions and fostering innovation. The competitive landscape is being enhanced by the emergence of startups offering unique solutions.
To stay ahead in the market, companies are making substantial investments to expand their production capabilities and enhance technological features. Their objective is to develop innovative functionalities and seamlessly integrate technologies into this evolving sector, enabling successful market entry and widespread adoption.
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Billion for Value |
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Key Country Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Component
By Type
By End Use
By Regions
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The market for blister packaging is anticipated to grow from US$ 23.7 Bn in 2024 to US$36.9 Bn by 2031.
Increasing demand for practical tamper-proof, and sustainable packaging, the rise in the pharmaceutical industry, technological advancements, and the need for unit-dose packaging are the major factors that are boosting the market growth.
Amcor plc, Constantia Flexibles GmbH, Sonoco Products Company, Winpak Ltd., and West Rock Company are some examples of leading industry players.
Challenges like increasing environmental concerns, the issue of plastic waste, and the higher cost of blister packaging materials and equipment are restraining market expansion.
Increasing demand in the food sector and innovation in the medical packaging industry are the key opportunities in the market.
