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.

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