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

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 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. '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)'

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.

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.

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.