Blister Packaging Market Size, Share, and Trends Analysis, As Well As Segment Forecasts 2027

 

Blister Packaging Market
Blister Packaging Market

Pharmaceutical businesses have favoured the blister packaging format for oral form drug packaging during the past few years, and this trend is expected to continue in the future thanks to packaging advancements related to it. Additionally, the availability of mono layer and multi-layer blister pack formats meets the needs of pharmaceutical firms and draws the majority of market participants.

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.

Healthcare is where blister packaging is most frequently utilised. Over 70% of the demand for blister packaging comes from the healthcare packaging sector. Blister packaging is more essential than ever because of the increase in demand for pharmaceutical and medical supplies brought on by this pandemic. Specific drugs have been given the go-ahead by international regulatory organisations like the FDA for usage as a short-term COVID-19 therapy.

The demand for medical devices has expanded as more hospitals and COVID-19 centres have been up around the globe. The rise in demand for blister packing has been linked to these factors. Food products, consumer products, and industrial goods all use blister packing. The manufacturers are faced with a strong increase in the demand for food products, while the demand for this packaging in industrial and consumer goods has decreased.

Orally administered capsules and tablets are the most common healthcare application on the cold form blister packaging market in the United States. The country's huge need for medicines is what is driving the market's expansion. The United States spends significantly more per person on prescription drugs than other high-income nations like Australia, Canada, France, Germany, the Netherlands, Norway, Sweden, Switzerland, and the United Kingdom, according to research from "seven The Commonwealth Fund" that was published in 2017.

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers
Read more