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Pharmaceutical Blister Packaging Market By Type (Compartment Blister Packs, Slide Blister Packs, Other Blister Packs) By Component (Films, Lidding Materials, Secondary Containers, Packaging Accessories) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

The pharmaceutical blister packaging market report explores the critical analysis of the pharmaceutical blister packaging industry using key parameters. The report consists of investment strategies, the need for investments in the pharmaceutical blister packaging industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the pharmaceutical blister packaging industry, as well as how economic and non-economic barriers are helping the pharmaceutical blister packaging market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Pharmaceutical Blister Packaging Market?

In 2021, the compartment blister packs will be the leading segment in type. Compartment-type blister packs are widely used in healthcare, food, and retail industries since they are used for packaging food and other personal care products.

In 2021, the film category led the pharmaceutical blister packaging industry as a whole, and this trend is anticipated to remain for the entire projection period. This is because it is preferable to use. After all, it is preferable to use because it has major advantages, such as using thermoforming films instead of cold-form foils (CFFs), which contain 100% aluminum Further, the film packaging is attractive and secure, and the product is highly visible, which is one of the major factors expected to boost the market demand for the film category.

Which region dominated the Pharmaceutical Blister Packaging Market?

In 2021, Asia Pacific was one of the major contributors to the global pharmaceutical blister packaging market. In developing countries such as China and India, contract manufacturing is becoming increasingly prevalent, which is helping to drive market growth. Pharmaceutical packaging is in highly demand, which is why third-party organizations are outsourcing packaging services. Due to labor is readily available at lower costs in developing economies, drug manufacturers seek out these service providers.

What is the competitive environment of the Pharmaceutical Blister Packaging Market?

Packaging films with a high barrier play a crucial role in protecting highly sensitive medicines. On the basis of this fact, leading packaging firms are introducing blister packaging made from high-barrier packaging films that protect tablets and capsules from moisture and oxygen and maintain their integrity and quality. Several major players in the market focus heavily on product launches and expansion of their manufacturing facilities across prominent regions through collaboration, joint ventures, and strategic alliances. For instance, The Lockner Pentaplast company offers a four-layer blister packaging specially designed for oxygen and moisture-sensitive pharmaceuticals, the kpMax. In addition to increasing production output by 30%, the same packaging innovation reduces secondary packaging by reducing blister card size and requires minimal transition costs. On the other hand, AptarGroup Inc., a leader in material science and active packaging, launched a fully-integrated Active-Blister packaging system that absorbs moisture and scavenges oxygen in January 2020. As part of its Activ-Film product line, the company has added moisture absorption and oxygen scavenging capabilities so that end users can have a highly integrated solution for pharmaceuticals that require moisture and oxygen removal.

Executive Summary

What are technical developments being developed in the Pharmaceutical Blister Packaging Industry Market?

Technical development for the pharmaceutical blister packaging market is in advanced functionalities. Modern consumers consider digital technology in blister packs an element of convenience because it offers features like dosage reminders, temperature indications, and product quality indications. Increasing sales of blister packs are expected to be boosted by customers shifting their preference toward technology-driven pharmaceutical packaging.

Which are the key investments by the players in the Pharmaceutical Blister Packaging Industry Market?

Pharmaceutical blister packaging market systems have been used in a variety of industries thanks to their exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. For instance, it is expected that the German pharmaceutical industry will generate significant demand for blister packs over the forecast period. In Germany, blister packaging is consistently in demand because of a rise in pharmaceutical manufacturing investment. According to the European Federation of Pharmaceutical Industries and Associations, Germany spent more than USD 8.5 billion on R&D in the pharmaceutical sector in 2019. Amcor announced a groundbreaking innovation in blister packaging in April 2022 with the introduction of AmSky, the world's first recyclable (Recyclability independently verified by cyclos-HTP) Polyethylene-based thermoform blister packaging. The new packaging meets stringent requirements as highly specialized and regulated pharmaceutical packaging. Using Polyethylene (PE) thermoforming blisters and lidding film instead of PVC (PolyVinyl Chloride), the new packaging eliminates PVC (PolyVinyl Chloride). AmSky is expected to reach the market by the second half of 2022.

Some of the major players in the market are Amcor Limited, Constantia Flexibles, WestRock Company, Klockner Pentaplast Group, Sonoco Products Company, Honeywell International Inc., Renolit S, Winpak Ltd, Uflex Ltd, ACG Pharmapack Pvt Ltd, Tekni-Plex, Inc, Carcano Antonio, Caprihans India Limited.

What are the Major Driving Factors for the Pharmaceutical Blister Packaging Market?

Pharmaceutical blister packaging is experiencing rapid growth across the globe due to increasing demand. This is mainly due to the high demand for pharmaceutical packaging, particularly blister packs, due to increased global pharmaceutical production output. Further, it is superior to alternatives because it provides cost-effectiveness, enhanced durability, tamper-proofing, and improved shelf life.

What are the Major Risks for the Pharmaceutical Blister Packaging Market?

Regulatory requirements for blister packaging, particularly in the healthcare industry, can pose a challenge to blister packaging manufacturers. Compliance with regulations is essential because even the smallest defect in packaging may result in a product being destroyed. Additionally, it will adversely affect the manufacturer's profits. As outlined by the FDA, blister cell labels must include proprietary and established names, strength, lot number, expiration date, bar code, and the manufacturer's name. It is difficult for the blister packaging market to grow due to the need for efforts, costs, time, and resources associated with compliance with such regulations.

Which is the key Component in the Pharmaceutical Blister Packaging Market

The film category dominated the pharmaceutical blister packaging market in 2021. Packaging films with a high barrier play a crucial role in protecting highly sensitive medicines. On the basis of this fact, leading packaging firms are introducing blister packaging made from high-barrier packaging films that protect tablets and capsules from moisture and oxygen and maintain their integrity and quality. Blister packaging with barrier film lamination protects water vapors, dust, and UV rays from harsh environmental conditions. Approximately 80–85 percent of the weight of blister packaging is made up of forming films, while 15–20 percent is made up of lidding materials. The production of blister packaging uses a variety of plastic films because of their high visibility, secure packaging, and attractive appearance. Due to their ease of innovation regarding child-resistance and easy-opening features, paper and plastic films are gaining ground overall lidding materials. In contrast to thermoformed films, which offer clear visibility and optimize production, these CFF packs provide less transparency and slower production speeds. The demand for fresh products with extended shelf life and controlled quality is a major factor driving the growth of packaging films.

How is the Pharmaceutical Blister Packaging Market performing in regions?

In 2021, the pharmaceutical blister packaging market was dominated by the Asia Pacific. Several factors contribute to the growth of the blister packaging market in the region, including rising disposable incomes, growing middle-class populations, and the growing healthcare industry. In developing countries such as China and India, contract manufacturing is becoming increasingly prevalent, which is helping drive market growth. India is one of the largest pharmaceutical manufacturers and exporters in the Asia-Pacific region. India-based manufacturers are expected to expand their manufacturing facilities in India due to the low costs. Moreover, increasing private and government investment in pharmaceutical research and development in India has contributed to an increase in drug production. In addition, improving healthcare infrastructure and rising pharmaceutical spending across India are helping to boost blister packaging demand.

Besides, several developed and rising economies can be found in North America. Health care and cosmetics industries are growing rapidly in North America due to rapid industrialization and government initiatives to improve their economies. Also, the ever-growing population of this region and people's growing preference for investing more in their health and personal care are driving this region's revenue growth. Approximately USD 338 a year is spent by U.S. households on OTC medicines, according to the Consumer Healthcare Products Association. Considering these factors, it is likely that pharma blister packaging will continue to grow rapidly in the country over the next few years.

What is the regulatory landscape for the Pharmaceutical Blister Packaging Market?

It is important to note that pharma packaging products are highly customized and subject to strict regulatory compliances, especially when it comes to sterility compliance. Therefore, packaging materials must adhere to strict regulations from regulatory bodies because they come into direct contact with medications and biological agents. However, pharmaceutical packaging companies are reducing plastics and carbon emissions associated with blister packaging through innovation. Also, the future growth of blister packaging will be impacted by regulatory changes regarding iron supplements and methamphetamine manufacturing.

What is the Market Size of the Pharmaceutical Blister Packaging Market regarding value?

The pharmaceutical blister packaging market is anticipated to grow at a substantial CAGR of 6.20% in the upcoming years. The pharmaceutical blister packaging industry was estimated to be worth USD 10.1 billion in 2021 and was expected to be worth USD 14.49 billion by 2028.

What are the major players planning for the future of the Pharmaceutical Blister Packaging Market?

The key players in the pharmaceutical blister packaging market are investing heavily in numerous cutting-edge technologies. In order to expand distribution networks and regional presence, companies primarily focus on product launches and expanding manufacturing facilities. In addition to Bilcare Limited and Uflex Ltd., major players are expected to be present in the country, supporting the market growth. The market is anticipated to grow thanks to continuous product development and dedicated R&D centers to research future-ready products.

Segmentation of Pharmaceutical Blister Packaging Market-

Pharmaceutical Blister Packaging Market – By Type

  • Compartment Blister Packs
  • Slide Blister Packs
  • Other Blister Packs

Pharmaceutical Blister Packaging Market – By Component

  • Films
  • Lidding Materials
  • Secondary Containers
  • Packaging Accessories

Pharmaceutical Blister Packaging Market – By Region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Pharmaceutical Blister Packaging Market

Pharmaceutical blister packaging market also suffered from the COVID-19 pandemic. In response to the increase in the demand for pharmaceutical and medical products during this pandemic, some drugs have been approved by international regulatory organizations, such as the FDA, as interim medicines to control COVID-19. In several countries, packaging companies have been affected by lockdowns, reduced trade activity, and temporary closures of factories and workplaces due to the pandemic.

Asia Pacific accounted for the highest share in the global pharmaceutical blister packaging market. Several factors contribute to the growth of the blister packaging market in the region, including rising disposable incomes, growing middle-class populations, and the growing healthcare industry.

Consumer demands continue to grow, as do regulatory specifications. As a result, pharmaceutical companies are increasingly dependent on packaging to protect and promote their products. Blister packaging is expected to continue to grow as the preferred and fastest-growing packaging option for the pharma industry during forecast period.

films segment had a major share in 2021 with around 80% of the market revenue share. Besides, it is also projected to witness the fastest growth. film packaging is attractive and secure, and the product is highly visible, which is one of the major factors expected to boost the market demand for the film category.

The compartment blister packs segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period. Compartment-type blister packs are widely used in healthcare, food, and retail industries since they are used for packaging food and other personal care products.

Pharmaceutical Blister Packaging Market Scope

Report Attribute Details
Market Value in 2021 USD 10.1 billion
Market Value in 2028 USD 14.49 billion
CAGR 6.20%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Pharmaceuticals
Report ID:   60653
Report Format:   PDF
Pages:   120
Rating:    4.1 (50)
Delivery Time: 24 Hours to 48 Hours   
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