Key Opportunities And Challenges In Asphalt Additive Market

By Author: Robin White
Total Articles: 94
Comment this article

The global blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing high growth owing to downsizing of packaging and requirement of fewer resources in blister packaging. Factors such as growing demand from the healthcare sector and the popularity of using convenient packaging are driving the demand for blister packaging. The recent outbreak of Covid-19 is expected to have a slight impact on the blister packaging market, as the demand for various flexible plastic packaging types has increased during the lockdown and created more demand for the future.
Browse 158 market data tables and 63 figures spread through 191 pages and in-depth TOC on “Blister packaging Market: Global Forecast to 2025”. Early buyers will receive 10% customization on reports.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514

“Thermoforming ...
... is the largest technology segment of the blister packaging market.”
The blister packaging market is segmented on the basis of technology into thermoforming and cold forming. Thermoforming holds the major market share of the overall blister packaging market owing to its wide applications in end-use sector such as healthcare and food. Thermoforming technology is preferred over cold forming technology for blister packaging and requires low initial tools and equipment costs

“Carded is the largest type segment of the blister packaging market.”
The blister packaging market is segmented on the basis of type into carded and clamshell. Carded blister packaging is projected to be the largest and faster-growing segment due to its ability to form different shapes, stack many products, and its ease of handling and excellent damage prevention properties. Carded packaging allows printing of high-quality, glossy graphics on the package, which makes it attractive to customers. The increasing demand from food packaging and e-commerce industries supports the growth of carded blister packaging.

“Plastic films is the largest material segment of the blister packaging market.”
The blister packaging market is segmented on the basis of material into plastic films, paper & paperboard, and aluminum. lastic films is projected to be the largest and fastest growing material segment during the forecast period. The growth of this segment is attributed to its excellent properties such as durable, clean, lightweight, transparent, and cost-effective. Also, plastic films increases the visibility to the product and secure & attractive packaging.

“Healthcare is the largest end-use sector segment of the blister packaging market.”
The blister packaging market is segmented on the basis of end-use sector into healthcare, consumer goods, industrial goods, and food. The healthcare segment dominated the market followed by consumer goods segment. Blister packaging of healthcare products reduces the possibility of product contamination and protects healthcare products from moisture, gas, light, and temperature. The demand for blister packs for the purpose of unit dosing and ease of opening is projected to rise in the upcoming years. This is driving the demand for blister packaging in healthcare end-use sector.

“APAC is the fastest-growing market for blister packaging market.”
APAC is expected to register the highest CAGR during the forecasted period, owing to the rapid expansion of end-use sectors such as healthcare, food, and consumer & industrial goods sectors. Factors such as rising disposable income, growing middle-class population, rising consumption of high visibility products, and the growing healthcare industry will support the growth of the blister packaging market over the forecast period. Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austrai), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), and Display Pack (US) are the key players operating in the blister packaging market.

Study Coverage
This research report categorizes the blister packaging market based on technology, type, material, end-use sector, and region. Based on technology the blister packaging market has been segmented into thermoforming and cold forming. Based on type the blister packaging market has been segmented into carded and clamshell. Based on material the blister packaging market has been segmented into plastic films, paper & paperboard, and aluminum. Based on end-use sector, the market has been segmented into healthcare, consumer goods, industrial goods, and food. Based on region, the blister packaging market has been segmented into APAC, North America, Europe, the Middle East & Africa, and South America. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the blister packaging market.

Request for Sample Report:https://www.marketsandmarkets.com/Market-Reports/asphalt-additive-market-156734514.html