Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Description:
According to the report, the global Plastic Film Blister Packaging market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
Increasing demand for degraded plastic, shifting consumer preferences towards eco-friendly products, and usage of plastic as a substitute for glass and metal are factors that propelling the Plastic Film Blister Packaging market growth. Furthermore, increasing environmental and health awareness is another important driving factors. Besides, the tremendous need from the food and healthcare industry is also giving impetus to market growth.
Plastic Film blister packaging is a term for several types of pre-formed plastic packaging used for small consumer goods, foods, and for pharmaceuticals. The primary component of a blister pack is a cavity or pocket made from a formable web, usually a thermoformed plastic. This usually has a backing of paperboard or a lidding seal of aluminum foil or plastic.
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Competitive Insights
Major manufacturers profiled in the analysis report include Amcor Limited, Bemis Company, Inc., DOW Chemical Company, Westrock Company, Sonoco Products Company, Constantia Flexibles, Klockner Pentaplast Group, Tekni-Plex, Inc., Display Pack Inc., Pharma Packaging Solutions, and others.
Regional Insights
North America is the leading market owing to the rise in consumption of packed products, focus on reducing packaging waste, rise in healthcare awareness, and continuous innovation & technological developments in both pharmaceutical & medical industries. Europe is projected to witness significant growth during the predicted timeframe. The European region has strong environmental incentives to use blister packaging, particularly in the consumer goods, food, and industrial segments. The stringent regulations over the manufactures in using excess material in the packaging system, while Blister packaging allows manufacturers to reduce packages to a minimum size. These factors have contributed to the growth of the market. The Asia Pacific is expected to be the fastest growing region.
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Type Insights
Important types of the product covered in this report include PET, PVC, Rigid PVC, PE, PP, and Others.
Application Insights
The application of the Plastic Film Blister Packaging market is segmented into Consumer goods, Healthcare, Industrial goods, and Food.
Healthcare segment holds the largest market share and estimated to maintain its dominance during the forecast period. This is mainly attributed to a rising aging population, the outbreak of new diseases, more importance attached to personal health, growth generation in OTC drugs, and strict government regulations.
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Audience
• Plastic Film Blister Packaging manufacturers
• Raw material suppliers of Plastic Film Blister Packaging
• Distributors and resellers of Plastic Film Blister Packaging
• Plastic Film Blister Packaging industry associations
• Product managers, Plastic Film Blister Packaging industry administrator, C-level executives of the industries
• Market Research and consulting firms
Healthcare organizations
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