DUBLIN--(BUSINESS WIRE)--The "Global Blister Packaging Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Global blister packaging market is projected to witness to witness a CAGR of 6.67% during the forecast period to reach a total market size of US$21.369 billion by 2023, increasing from US$14.509 billion in 2017.
The growing demand for conveniently packaged and tamper evident products along with increased concern towards sustainable packaging material have given a boost to the global blister packaging market. The increased demand from healthcare industry is also a major driving force for the growth of this market owing to its heavy application in pharmaceuticals segment.
Blister packaging market is expected to grow at a tremendous rate during the forecast period with a large number of companies focusing on technological innovations to make blister packaging smarter such as tracking technology, leak detection system and several other advancements.
However, the use of conventional material containing certain chemicals pose a threat to the market because of a shift in consumer base to other safer packaging materials and another major restraint is its inability to pack heavy goods.
The global blister packaging market is highly fragmented owing to the presence of several multinational and local players. Market growth, development of innovative solutions, increased consumer demand, favorable government policies are some of the key factors attracting new players in the market and thereby enhancing competitive rivalry. The competitive landscape details products, strategies, and investments being done by key companies to boost their market share.
Some of the major players discussed in this report are Bemis company, Amcor Ltd, Sonoco Products Company and WestRock among others.
Key Topics Covered
2. Research Methodology
3. Key Findings of The Study
4. Market Dynamics
5. Global Blister Packaging Market Forecast by End User (US$ billion)
6. Global Blister Packaging Market Forecast by Technology (US$ billion)
7. Global Blister Packaging Market Forecast by Type (US$ billion)
8. Global Blister Packaging Market Forecast by Material (US$ billion)
9. Global Blister Packaging Market Forecast by Geography (US$ billion)
10. Competitive Intelligence
11. Company Profiles
- Amcor Limited
- Bemis Company
- Sonoco Products Company
- Honeywell International
- Tekni-Plex Inc.
- Dow Chemical Company
- Klockner Pentaplast Group
For more information about this report visit https://www.researchandmarkets.com/research/lvn95c/21_37_billion?w=4