[FURL=https://www.industryarc.com/Report/15180/blister-packaging-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Blister packaging market[/FURL] size is forecast to reach US$ 21.5 billion by 2026, after growing at a CAGR of 5.88% during 2021-2026. Blister packaging refers to pre-formed plastic packaging that consists of a cavity that is made using a thermoforming plastic and a paper or aluminum foil back. blister packaging usually has a backing a press seal of plastics or aluminum foil and excludes the need for cartons and reliefs in packaging costs.Key Takeaways
North America dominates the Blister Packaging Market owing to rapid increase in Healthcare and Food and Beverage sector.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end-use
industry in Blister Packaging Market and their specific segmented revenue.
Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Blister Packaging related industries have been negatively affected, thus hampering the growth of the market.
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Blister Packaging Market Segment Analysis - By Geography
North America region held the largest share in the Blister Packaging in 2020 up to 35% followed by Asia Pacific and Europe. The rapid industrialization reinforced by the government for improving the economy accelerates the growth of the automotive, healthcare, and cosmetics industry. Moreover, the constantly emerging population in the region and the increasing concern of individuals to invest more on their healthcare and personal care are the primary reason for powering the expansion of Blister Packaging in the regional market. The health care sector in the US is rapidly growing certainly with major projects like for instance, campus expansion of Houston Methodist the Woodlands Hospital, Texas for US$240 million. And New York Northwell Health plans to invest US$500 million to increase the services and quality of care to the residents of Suffolk County.
Blister Packaging Market Drivers
Blister Packaging in Food and Beverage sector
Blister Packaging in Toy Industry
Blister Packaging Market Landscape
Major players in the Blister Packaging Market are Amcor Limited, Bemis Company, Inc., DowDupont Inc., WestRock Company, Sonoco Products Company, Constantia Flexibles, Klockner Pentaplast Group, Honeywell International Inc, Tekni-plex, Inc., Display Pack, Inc., Pharma Pack, Inc.
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