Blister Packaging Market for Pharmaceutical Industry: Introduction
Transparency Market Research delivers key insights on the global blister packaging market for pharmaceutical industry. In terms of revenue, the global blister packaging market for pharmaceutical industry is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global blister packaging market for pharmaceutical industry.
The global blister packaging market for pharmaceutical industry is broadly affected by several factors, including usage of blister packaging in various pharmaceutical packaging for protection against external factors, such as humidity and contamination, for extended periods of time. Increase in application of blister packaging in the pharmaceutical sector is propelling the global blister packaging market for pharmaceutical industry.
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Blister Packaging Market for Pharmaceutical Industry: Dynamics
The increase in the demand for blister packaging among manufacturers of various pharmaceutical products is projected to drive the blister packaging market for pharmaceutical industry during the forecast period. Blister packs are commonly used as unit-dose packaging for pharmaceutical tablets, capsules, or lozenges. Blister packs can provide barrier protection for shelf life requirements, and a degree of tamper resistance.
The geriatric population in some parts of the world, such as Europe and Japan, has increased significantly. The adoption rate of medicinal products packaged in blister packaging format is high among the geriatric population.
Prominent companies operating in the blister packaging market for pharmaceutical industry in countries such as Japan, Italy, and Germany are investing significantly in research and development activities of pharmaceutical packaging in order to drive innovation. Some of the global players are expanding their footprint by opening new manufacturing facilities in these countries.
The market dynamics in North America differ significantly vis-à-vis that in other regions such as Europe and Asia Pacific. Glass bottle is still the widely preferred packaging format for primary packaging of pharmaceutical products in North America. Blister packaging is not commonly used in the region due to the widespread implementation of the Poison Prevention Packaging Act (1970) in the U.S.
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Blister Packaging Market for Pharmaceutical Industry: Prominent Regions
Asia Pacific was a leading region of the global blister packaging market for pharmaceutical industry in 2020. The region is estimated to continue to dominate the global market during the forecast period. Increase in healthcare expenditure and exponential growth of pharmaceutical and food industries are expected to create ample opportunities for blister packaging manufacturers in Asia Pacific.
Europe accounted for a moderate share of the global market in 2020. The well-established pharmaceutical industry in Europe is anticipated to act as a major factor driving the blister packaging market for pharmaceutical industry in the region.
North America constituted key share of the global blister packaging market for pharmaceutical industry in 2020. The growth in production of pharmaceuticals in the U.S. is estimated to boost the demand for blister packaging for the pharmaceutical industry in North America.
The market in Middle East & Africa is likely to expand at a significant pace during the forecast period. The region accounted for substantial share of the global blister packaging market for pharmaceutical industry in 2020.
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Blister Packaging Market for Pharmaceutical Industry: Key Players
The global blister packaging market for pharmaceutical industry is fragmented with the presence of a large numbers of players. Key players operating in the global blister packaging market for pharmaceutical industry are Amcor Limited, Constantia Flexibles, WestRock Company, RENOLIT SE, Winpak Ltd, Uflex Ltd, ACG Pharmapack Pvt Ltd, Tekni-Plex, Inc, Carcano Antonio, and Caprihans India Limited.
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