DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Blister Packaging Market by Material (Paper & Paperboard, Plastic, Aluminum), Type (Carded, Clamshell), Technology (Thermoforming, Cold Forming), End-use Sector (Healthcare, Consumer, Industrial Goods), and Region - Global Forecast to 2022" report to their offering.
Growth in demand from the healthcare industry to drive the market for blister packaging
The global market for blister packaging is projected to grow from USD 18.65 billion in 2016 to reach USD 28.38 billion by 2022, at an estimated CAGR of 7.2%.
The blister packaging market is driven by factors such as growth in demand for sustainable packaging, increase in demand for flexible packaging, cost-effectiveness, and reduced packaging waste. Factors such as growth in demand from the healthcare sector and the popularity of using convenient packaging are driving the demand for blister packaging. Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of blister packaging in packaging products. Non-ability to stack heavy items is a restraining factor for the blister packaging market.
The thermoforming technology, by technology, is projected to grow at the highest CAGR between 2016 and 2022. The print-ability and aesthetic appeal will drive the market of the thermoforming technology in the blister packaging market. Thermoforming of plastics require low initial tools and equipment costs as compared to injection and blow molding techniques. Thermoformed plastic film has a wide design scope and a visually pleasing appearance leading to its rising demand for blister packaging.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America. In Asia-Pacific, China is the largest consumer for blister packaging, followed by India. China, with its growing healthcare, consumer goods, and food industries, is expected to drive the blister packaging market. India, with its growing inclination toward convenient products, is expected to influence the blister packaging market in the Asia-Pacific region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Market Overview
7 Blister Packaging Market, By Technology
8 Blister Packaging Market, By Type
9 Blister Packaging Market, By Material
10 Blister Packaging Market, By End-Use Sector
11 Macro Economic Overview
12 Blister Packaging, By Region
13 Competitive Landscape
14 Company Profiles
- Amcor Limited
- Bemis Company, Inc.
- Constantia Flexibles GmbH
- Display Pack, Inc.
- E.I.Du Pont De Nemours and Company.
- Honeywell International Inc.
- Klockner Pentaplast Group
- Pharma Packaging Solutions
- Sonoco Products Company
- Tekni-Plex, Inc.
- The DOW Chemical Company
- Westrock Company
For more information about this report visit http://www.researchandmarkets.com/research/cv5tws/blister_packaging