The report “Blister Packaging Market by Material (Plastic Film, Paper & Paperboard, Aluminum), Technology (Thermoforming, Cold forming), Heat Seal Coating (Water-based, Solvent-based), Application (Food Consumer Goods, Industrial Goods, Healthcare) – Global Forecast to 2022″, The blister packaging market is projected to grow from USD 11.94 Billion in 2015 to USD 18.25 Billion by 2022, at a CAGR of 6.25%. The blister packaging market is growing courtesy of increasing applications in healthcare industry, ageing population, and rising demand for conveniently packaged products. Growing demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
Browse 210 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on “Blister Packaging Market – Global Forecast to 2022″
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=24775059
Thermoforming technology to gain maximum share during the forecast period
The materials on which the thermoforming process is used include low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others such as acrylic. Thermoforming technology is widely used to manufacture aluminum and plastic blister packs. Thermoforming of plastics require low initial tooling and equipment cost as compared to injection and blow molding techniques. Thermoformed plastic films give wide design scope and a visually pleasing appearance leading to a rise in its demand for blister packaging.
The healthcare industry projected to grow at fastest rate from 2015-2022
Blister packaging market is segmented on the basis of application into healthcare, consumer goods, industrial goods, and food. Blister packaging is widely used in healthcare products as it protects the product from moisture and light, thus extending the shelf life of products. The healthcare sector is further segmented into pharmaceutical and medical. Blister packaging for healthcare products reduces the opportunities for product contamination. It allows consumers to take a safe, adequate level of medicine so as to make it convenient to handle and store. Hence, leading to rise in demand for blister packaging. It also protects healthcare products from moisture, gas, light, and temperature.
Asia-Pacific to play a key role in the blister packaging market
On the basis of key regions, the blister packaging market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The European region held the largest share among all the regions in 2014. This is mainly due to rising consumption of packed products, focus to reduce packaging waste, rising healthcare awareness, and continuous innovation & technological developments in both pharmaceutical & medical industries, which is transforming the healthcare packaging industry further, thereby driving the growth of the blister packaging market.
The scope of the report covers detailed information regarding the major factors influencing the growth of the blister packaging market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the blister packaging market.
Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=24775059
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.