The Report Cold Form Blister Packaging Market By Application (Healthcare, Consumer Products, Electronics
& Semiconductors, Food, Industrial Goods) And Segment Forecasts To 2024
The global cold form blister packaging market is
expected to reach USD 8.63 billion by 2024, according to a new report by Grand
View Research, Inc. Rising utilization of packaging materials that offers
optimal protection and safety allowing to extend product shelf life is
projected to boost market demand over the forecast period.
Cold form blister packs help to provide an impermeable barrier to
moisture, light, oxygen, and other gasses. It also maintains the product
integrity, offers complete protection proving to show high patient compliance
rate. Some of the drivers influencing the market growth are the growing
packaging demand from pharmaceutical industry and high requirement of cold
forming packs owing to favorable product features.
Growing disposable income, improved medical facilities and
initiatives adopted by the government to promote healthcare programs has led a
rise in demand for cold form foil packaging products.
Access Research Report of Cold Form Blister Packaging Market @ https://www.grandviewresearch.com/industry-analysis/cold-form-blister-packaging-market
Further key findings from the report suggest:
· Healthcare broadly
prefers utilizing cold forming packaging materials; this segment accounted for
48.30% of the market volume in 2015. It is used for sealing many products like
tablets, capsules, drugs, vials, ampoules, syringes or liquid products. Child-resistant,
tamper evident, senior-friendly and anti-counterfeit packaging are in high
demand worldwide.
· Innovative packaging is
designed and modified to keep pharmaceuticals & medical devices free from
all adverse external factors that modify the physical and chemical properties,
biological contamination, degradation, mechanical damage, and counterfeiting
· Electronics &
semiconductors are expected to witness the fastest growth over the forecast
period. The rising number of automobile companies coupled with increasing
utilization of electronic components, such as transmitters, transistors,
diodes, batteries, in the manufacturing process may be attributed to high
growth in future.
· Asia Pacific is
projected to grow at the highest CAGR of over 7.8% on account of the growing
demand for healthcare and electronics & semiconductors products in China,
Japan, and India. Rising consumers’ necessity for convenience and better
sealing features, demand for wide-range of product portfolio and improved
environmental standards are accelerating the demand for cold form blister
packaging.
· Major companies
identified in this industry include Amcor Ltd., Sonoco Co. products, Bemis
Company Ltd., Constantia Flexibles Group GmbH, Essentra PLC, Tekni-Plex Inc.,
and Honeywell International, Inc. among others. Multinational packaging
companies have partnered with raw material suppliers and have acquired regional
small and medium-sized flexible packaging companies to expand its geographical
presence.
Grand View Research has segmented the cold form blister packaging
market on the basis of application and region:
Global Cold Form Blister Packaging Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Healthcare
·
Consumer products
·
Electronics &
semiconductors
·
Food
·
Industrial goods
Global Cold Form Blister Packaging Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
France
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
Taiwan
·
South Korea
·
Central & South
America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.