The Global blister packaging market is expected to grow at a CAGR of 5.16% to reach a market size of US$12,197.471 million in 2024 from US$9,020.259 million in 2018 and by volume, the market is poised to grow at a CAGR of 6.70% from 1,068.964 thousand tonnes in 2018.
Increased focus towards patient compliance and medicine adherence is acting as the main driver of the blister packaging market.
Some of the key players in the global blister packaging market include Amcor Limited, Bemis Company, Sonoco Products Company, Honeywell International LLC., Tekni-Plex Inc., Dow Chemical Company, Klöckner Pentaplast Group, and Constantia Flexibles among others.
The market for wallet and slide packaging is anticipated to grow at the substantial rate over the forecast period since this type of blister packaging is increasingly being adopted to improve compliance among the patients.
The blister packaging market analysis shows that PVC held the largest share owing to the widespread usage of the material in the pharmaceutical and consumer goods packaging and is anticipated to grow at a good rate over the forecast period due to its increased use in the manufacturing of cold-form blister films and packaging of consumer goods.
By Technology, the Global blister packaging market is segmented as cold-form and thermoformed blister packaging.