Global Cold Form Blister Packaging Market: Snapshot
The global market for cold form blisters packaging is experiencing a remarkable upswing in its valuation, thanks to the augmenting demand for state-of-art medical facilities across the world and the increasing uptake of a number of healthcare programs by various governments in emerging countries. The increasing awareness regarding the benefits of cold form blisters, such as the optimal protection offered by them that extends shelf life of products and the impermeable blockade they provide against light, moisture, oxygen and other gasses, and delamination, are likely to boost the market’s growth in the years to come. However, slower speed of production and larger size of blister packs when compared to thermoforming and the lower transparency of the packaging may slowdown the adoption rate of the cold form blister packaging products in the near future.
The leading companies functional in this market are actively involved in the production of innovative blister packs by deploying advanced technologies in an effort to offer customized solutions to their clients as per their requirements. These enterprises are considering cost effective yet high quality alternatives for the production of innovative and convenient packaging products for end users. The production of new and technologically advanced cold forms of the blister packaging products has gained significant momentum in the mainstream commercial applications, especially in, the electronics, pharmaceutical, and the food sectors.
Global Cold Form Blister Packaging - Market Overview:
Convenience of delivering and dispensing pharmaceutical products through blister packs have led to rise in demand for cold form blister packaging. The blister packaging was used for several decades in the pharmaceuticals industry. Owing to technological advancement, blister packaging have seen an augmentation of many pharmaceuticals packaging types. Cold form blister packaging has witnessed a shift due to extra advantages which were missing in traditional blister packaging such as high barrier protection. Cold form blister packaging market is at an escalation stage currently and is expected to witness significant growth over the forecast period, 2017–2025. Awareness regarding cold form blister packaging is growing globally due to high-barrier protection nature. Cold for blister packaging also provides prevention from moisture and oxygen allowing the product to have an extended product expiry dates.
Global Cold Form Blister Packaging - Market Dynamics:
Demand contributed by the pharmaceutical market is significantly high resulting in rapid growth of cold form blister packaging sector globally, and this trend is expected to continue over the forecast period. In addition, increasing per capita disposable income in emerging economies is a key factor driving the growth of the global cold form blister packaging market. Furthermore, rising GDP and increasing population in the developing countries with the augmentation of demand for medicine capsules are expected to have a positive impact on the growth in the global cold form blister packaging market. Rapid industrialization and stringent norms regarding anti-counterfeit and secure pharmaceutical packaging are other factors fueling demand for cold form blister packaging globally. The growth of the cold form blister packaging market is moderately hampered by higher cost for aluminum film and lack of awareness regarding this emerging technology. Cold form blister packaging also faces problem-related to slower production speed as compared to thermoforming blister packaging.
Global Cold Form Blister Packaging - Market Segmentation:
The global cold form blister packaging market is segmented on the basis of product type, material type, and end use.
Segmentation for Cold form blister packaging on the basis of product type:
- Tablets & capsules
- Veterinary solutions
Segmentation for Cold form blister packaging on the basis of material type:
Segmentation for Cold form blister packaging on the basis of end user type:
- Industrial application
- Food & beverages
- Consumer goods
Global Cold Form Blister Packaging – Regional Overview:
The global Cold form blister packaging market is segmented on the basis of region such as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Middle East & Africa
The Cold form blister packaging market in North America region is expected to witness higher revenue growth as compared to markets in other regions. Cold form blister packaging market in India and China is expected to have considerable growth in terms of revenue owing to pharmaceutical and technological advancements in these developing economies. Furthermore, the growth of Cold form blister packaging market in other parts of Asia Pacific is expected to be driven by increasing disposable income and spending power among consumers in countries in this region. Cold form blister packaging market in Europe is expected to witness above average growth, with Germany, France, Italy, and the U.K. ranking high in terms of demand for cold form blister packaging. Latin America would also have a presence for cold form blister packaging market and is expected to grow at a notable rate. The Cold form blister packaging market in the MEA region is expected to witness a significant increase in revenue contribution from sales in GCC countries and South Africa. Japan is also expected to continue with the stagnant growth for cold form blister packaging market over the forecast period.
Global Cold form blister packaging – Key players:
Some of the key players in the cold form blister packaging market are Amcor Limited, Uflex Ltd, MHI. a subsidiary of Maruho Hatsujyo Kogyo Co. Ltd, ACG Pharmapack Private Limited, Blisterpak Inc., Sepha Ltd. a subsidiary of TASI Group, Svam Packaging Industries Pvt. Ltd., Jornen Machinery Co. Ltd., Thomas Packaging LLC a subsidiary of Thomas Engineering Inc. and Xi’an Jifeng Medical Packing Co., Ltd.
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