Global Blister Packaging Market 2016-2020
About Blister Packaging
The pharmaceutical industry employs blister packaging to pack medicines and small medical devices as it reduces production time and offers increased product protection. The adoption of this packaging solution is the highest in this industry because of rapid growth in the demand for tamper-evident and convenient packaging. Blister packaging protects solid dose pharmaceuticals from oxygen, moisture, odor and also enhances shelf life. Blister packaging will gain popularity because of its flexibility to the unit-dose format with high visibility, expanded label content, and implicit track and trace features.
Technavio’s analysts forecast the global blister packaging market to grow at a CAGR of 5.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global blister packaging market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed profiling of the major vendors across the value chain of the global blister packaging market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Blister Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global blister packaging market: Amcor, Bemis, Owens-Illinois, Sonoco, and WestRock.
Other Prominent Vendors in the market are: Catalent Pharma Solutions, Compass Pharma Services, Display Pack, Honeywell International, and Innovative Plastics.
Commenting on the report, an analyst from Technavio’s team said: “that growing environmental concerns is one of the trends spurring growth for the market. Increasing environmental concerns among packaging and consumer product manufacturing companies globally are driving the need to develop green and sustainable packaging solutions. Increasing regulations on carbon emissions, recycling, and use of raw materials are forcing vendors to develop eco-friendly blister packs. Such advances are expected to reduce the amount of energy, water, and raw materials consumed during the manufacturing processes, which is expected to drive this market’s growth during the forecast period.”
According to the report, increase in medical compliance rates is a key driver aiding to the growth of this market. Patient adherence to medications drops by 45%-50% within the first four months of therapy. This not only affects the sales of the pharmaceuticals but also has adverse effects on the individual's health. Manufacturers are developing compliance packaging, which includes blister packaging to increase compliance to medication. Companies are looking to design and manufacture pharma packaging formats such as blister packs to encourage and remind patients to take their daily dosage, thereby increasing the compliance rate by 20 times, fostering the market for blister packaging.
Further, the report states that competition from other forms of packaging is a major challenge the market is facing. Folding cartons, strip packs, bubble packs, skin packaging, plastic bottles and tubes, pouches, windowed packaging, trays, containers, and clamshell packaging are some of the alternative packaging options available for pharmaceuticals, medical devices, food, and other consumer goods. Different types of packaging options offer various features and performance benefits. Increased innovation and product offerings by vendors of other packaging products also attract consumers. Furthermore, blister packaging will face stiff competition from pre-fillable syringes during the forecast period. The popularity of pre-fillable syringes can be attributed to their pre-measured dosage, which reduces dosing errors, thereby accentuating patient compliance.
Amcor, Bemis, Owens-Illinois, Sonoco, WestRock, Catalent Pharma Solutions, Compass Pharma Services, Display Pack, Honeywell International, Innovative Plastics.
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