February 17, 2022 07:54 ET | Source: Vantage Market Research Vantage Market Research

WASHINGTON, Feb. 17, 2022 (GLOBE NEWSWIRE) -- The Global Blister Packaging Market size is expected to reach over USD 42.70 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. The market stood at a revenue of USD 26.07 Billion in the year 2021.

There has been a change in consumer preferences from conventional bottles for pharmaceutical items to Blister Packaging (it is unit-dose packaging). It is used in the healthcare sector for medical devices and drugs. They are also used in a number of applications in industrial goods, food industries, and consumer goods. Furthermore, Blister Packaging occupies less shelf space, offer a great hang-hook display, and need fewer resources for packaging. Hence, blister packs are accessible at a low cost when compared to other formats, making them cost-effective, states Vantage Market Research, in a report, titled “Blister Packaging Market by Technology (Thermoforming, Cold Forming), by Type (Carded, Clamshell), by Material (Paper & Paperboard, Plastics Films, Aluminium), by End-Use Sector (Healthcare, Consumer Goods, Industrial Goods, Food), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

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List Of Prominent Players in the Blister Packaging Market:

Restraint: Not Appropriate for Packing Heavy Goods

Blister Packaging is generally used for extending a product’s shelf life; however, it is not a perfect solution for packing heavy items and is used mainly for the intention of protecting items which are light in weight. Heavy products will put more strain on the plastic film or their paperboard backing in which they are packed. It may lead to the breakage of packages while storing, transporting, and handling the product, further increasing loss and cost of the product. Due to this, Blister Packaging is not preferred for such goods. This type of packaging is not advisable for fragile and costly products as the inadequate Blister Packaging may damage or break the product resulting in damage to the manufacturer.

Challenges:  Compliance with Strict Regulations

Strict regulations enforced on Blister Packaging, particularly in the healthcare sector, could pose a challenge to the market for Blister Packaging. Compliance with these regulations is important as even a small defect in packaging can destroy the item. It will also impact negatively on the profit of the manufacturer. According to the Food and Drug Administration, a blister cell label should have the established and proprietary name, lot number, strength, bar code, expiration date, and the manufacturer name should appear over each and every blister cell. Complying with these regulations requires costs, time, efforts, and resources that become a challenge for the Blister Packaging Market growth.

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Asia Pacific is likely to register the highest Compound Annual Growth Rate (CAGR) in the coming years, due to the wide expansion of end-use industries such as food, industrial & consumer goods, and healthcare industries. Factors such as increasing middle-class population, growing disposable income, the rising healthcare sector, and growing consumption of high visibility items will support the Blister Packaging Market growth over the forecast period.

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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Blister Packaging Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

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