USD 3.70 billion
Cold Form Blister Packaging Market Size, Share, Growth Analysis, By Material(Oriented polyamide, Aluminum, Polyvinyl Chloride, Polypropylene), By Application(Healthcare, Consumer Products, Electronics & Semiconductors, Food & Confectionery), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2082 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|Tables:
61
|Figures:
75
Cold Form Blister Packaging Market Insights
Global Cold Blister Packaging Market size was valued at USD 3.70 billion in 2022 and is poised to grow from USD 3.98 billion in 2023 to USD 7.09 billion by 2031, growing at a CAGR of 7.50% during the forecast period (2024-2031).
The global cold form blister packaging market continues to witness steady growth driven by its widespread adoption in pharmaceutical and healthcare sectors. This packaging method offers excellent protection for sensitive medications, ensuring product integrity and extended shelf life. Additionally, its tamper-evident features enhance consumer safety and confidence. Rising pharmaceutical production, stringent regulatory requirements, and the demand for child-resistant packaging solutions are key factors contributing to the market's expansion. As sustainability concerns grow, manufacturers are also exploring eco-friendly materials for cold form blister packaging. Overall, the market is poised for sustained growth in the foreseeable future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceuticals
Fastest Growth
Pharmaceuticals
Growth Rate
7.50% CAGR
Cold Form Blister Packaging Market by Region
Country Share for North America(%)
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Cold Form Blister Packaging Market Segmental Analysis
The cold form blister packaging market can be segmented into material, application, and region. Based on material, the market is segmented into oriented polyamide, aluminum, polyvinyl chloride, polypropylene, polyethylene, and polyethylene terephthalate. Based on application, the market is segmented into healthcare, consumer products, electronics & semiconductors, food & confectionery, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis By Material
The aluminum segment held the largest market share in 2023, with a share greater than 42%. Its popularity can be attributed to its physical characteristics which act as a strong shield against contaminants and also help to reduce the effects of oxidation and moisture on the products shelf life. Aluminum’s flexibility of use makes it appropriate for storing and protecting pharmaceuticals and other delicate items during storage and transportation. This attribute combined with ready availability and low cost makes aluminum the ideal solution in cold form blister packaging.
Polyvinyl Chloride (PVC) is expected to show high growth and possess high CAGR in the cold form blister packaging market in the forecast period. This growth can be attributed to its relatively low cost and good visibility characteristics. PVC is economical for manufacturers and increases the visibility of products to be marketed thereby boosting marketing strategies. The flexibility of the material in addition to the fact that it can be made to conform to most regulatory requirements make it a preferred material which is expected to see its growth rate in the market increase.
Analysis By Application
The healthcare segment is the largest application segment of the cold form blister packaging market, accounting for over 50% of the market share in 2023. This is attributed to the increasing demand for cold form blister packaging in the pharmaceutical industry for packaging tablets, capsules, inhalers, and other healthcare products. The increasing focus on patient safety and the need to prevent counterfeiting of pharmaceutical products are also driving the growth of this segment.
The consumer products segment is the second largest and fastest growing application segment of the cold form blister packaging market. This segment is expected to grow at a CAGR of 6.8% during the forecast period 2024-2031. The growth of this segment is driven by the increasing demand for cold form blister packaging in the personal care, cosmetics, and food and beverage industries. The increasing demand for tamper-evident packaging and the need to protect products from moisture, oxygen, and light are also driving the growth of this segment.
Cold Form Blister Packaging Market by Application
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Cold Form Blister Packaging Market Regional Insights
North America is the largest market for cable management systems, accounting for a share of over 30% in 2023. This is due to the high adoption of cable management systems in the IT and telecom, manufacturing, and healthcare industries in the region.
Asia Pacific is the fastest-growing market for cable management systems, with a CAGR of over 12% during the forecast period. This is due to the increasing demand for cable management systems in the construction, manufacturing, and IT and telecom industries in the region.
Cold Form Blister Packaging Market by Region
- Largest
- Fastest
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Cold Form Blister Packaging Market Dynamics
Drivers
Pharmaceutical Industry Growth:
- The rapidly aging population around the world is driving up the demand for pharmaceuticals and this is also favoring cold form blister packaging product sales as well. Cold-form blister packaging has proven to be highly efficient in protecting drugs from contamination, moisture, and light, which could alter the effect of the medicine.
Consumer Preference for Convenient Packaging:
- Convenient and easy-to-use packaging solutions are highly popular and in demand among consumers around the world. Cold form blister packaging is a tamper-evident and user-friendly packaging alternative that is suitable for almost all industries and this is why its demand is slated to soar high going forward.
Regulatory Compliance and Safety:
- The imposition of strict regulations for the packaging of different pharmaceuticals with tamper-evident features is slated to promote the adoption of cold form blister packaging in the future. Companies need to opt for cold form blister packaging solutions to ensure compliance with these safety mandates.
Restraints
Cost of Production:
- In comparison to other types of packaging solutions, cold form blister packaging is more expensive. High manufacturing and materials costs make this type of packaging expensive and limit market growth potential as well.
Environmental Concerns:
- cold form blister packaging often uses aluminum and the environmental impact of this material is much larger than other packaging material alternatives. Difficulty in recycling aluminum and efforts of cold form blister packaging companies to find new sustainable material alternatives are slated to slow down market development going forward.
Competition from Alternative Packaging:
- Flexible packaging, blister cards, and sachets are some packaging alternatives that can be used instead of cold form blister packaging and this could hurt market growth potential,
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Cold Form Blister Packaging Market Competitive Landscape
The Cold Form Blister Packaging Market features intense competition among key players. Leading companies like Amcor plc, Bemis Company Inc. (now part of Amcor), Constantia Flexibles Group, Uflex Ltd., and Tekni-Plex dominate the market. These firms continually innovate to offer eco-friendly, child-resistant, and tamper-evident packaging solutions. Additionally, partnerships, mergers, and acquisitions remain prominent strategies to expand market presence and enhance product portfolios. Regulatory compliance, sustainability, and cost-efficiency drive competition, with a focus on meeting pharmaceutical and healthcare industry demands. The market is dynamic, with players striving to cater to evolving consumer preferences and industry requirements.
Top Player’s Company Profiles
- Amcor plc (Switzerland)
- Bemis Company, Inc. (Now part of Amcor) (United States)
- Constantia Flexibles Group GmbH (Austria)
- Uflex Ltd (India)
- Winpak Ltd (Canada)
- Tekni-Plex, Inc. (United States)
- Bilcare Limited (India)
- Rohrer Corporation (United States)
- Huhtamaki Group (Finland)
- Klockner Pentaplast (Germany)
- Essentra plc (United Kingdom)
- Montagu Private Equity (Owner of Burgopak) (United Kingdom)
- Rollprint Packaging Products, Inc. (United States)
- Romaco Group (Germany)
- ACG Worldwide (India)
- Prent Corporation (United States)
- West Pharmaceutical Services, Inc. (United States)
- Svam Packaging Industries Pvt. Ltd (India)
- Ecobliss Holding BV (Netherlands)
- Zhejiang Jiucheng Pharmaceutical Co., Ltd (China)
Recent Developments
-
In January 2023, Tekni-Plex, Inc., a leading provider of cold form blister packaging solutions, acquired Pharma-Pak, LLC, a manufacturer of custom blister packaging. This acquisition will help Tekni-Plex to expand its product portfolio and customer base in the pharmaceutical and healthcare industries.
-
In February 2023, Rollprint Packaging Products, Inc., a provider of cold form blister packaging solutions, acquired Blisterpak, Inc., a manufacturer of blister packaging for the pharmaceutical and consumer products industries. This acquisition will help Rollprint to expand its product portfolio and customer base in North America.
Cold Form Blister Packaging Key Market Trends
- Sustainability and Eco-Friendly Packaging: Sustainability has been a significant trend in the packaging industry. Companies and consumers have become more conscious of the environmental impact of packaging materials. In response, cold form blister packaging manufacturers have been exploring eco-friendly materials, such as recyclable and biodegradable plastics, to reduce their carbon footprint. This trend may have continued to gain momentum, with more sustainable packaging options emerging.
- Child-Resistant and Senior-Friendly Packaging: In many regions, there has been an increased focus on safety in packaging, particularly for pharmaceuticals and healthcare products. Cold form blister packaging has been adapted to meet child-resistant and senior-friendly standards, ensuring that products are protected while also being accessible for the intended users. Regulations and consumer demand for safer packaging solutions may have driven further innovation in this area.
- Customization and Personalization: Personalization and customization have been growing trends in various industries, including packaging. Cold form blister packaging manufacturers have been adopting digital printing technologies to create unique and eye-catching packaging designs. This trend allows companies to tailor their packaging to specific consumer preferences and market segments, enhancing brand identity and consumer engagement.
Cold Form Blister Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the Cold Form Blister Packaging Market is poised for promising growth in the coming years. This packaging solution offers numerous advantages, such as enhanced product protection, tamper resistance, and extended shelf life, making it increasingly popular in pharmaceuticals and consumer goods. Factors like rising demand for pharmaceuticals, stringent packaging regulations, and the need for sustainable packaging options are expected to drive market growth. Additionally, innovations in materials and designs to meet evolving consumer preferences are likely to expand the market further. Overall, the Cold Form Blister Packaging Market is set for a robust future with ample opportunities for growth and innovation.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.70 billion |
| Market size value in 2031 | USD 7.09 billion |
| Growth Rate | 7.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cold Form Blister Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cold Form Blister Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cold Form Blister Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cold Form Blister Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cold Form Blister Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cold Form Blister Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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