Global Contract Blister Packaging Services Market Valued Over US $ 15 Billion by 2026 End

  • 07 Jun 2019

The global contract blister packaging services market is forecasted to value over US$ 15 billion by the end of 2026 and register a CAGR of over 6% during the forecast period of 2019-2026.

One of the important aspects of selling any product is its appearance. The way it is presented to consumers matters a lot. Packaging of the product is a very vital factor that is to be given the utmost priority as it is the one that imprints a first impression in the minds of consumers. One of the segments in the market of packaging is blister packaging. It is premade plastic that is generally used to pack foods, medicines and small consumer goods. It is mainly used to protect packaged products from humidity, contamination and in case the product is light-sensitive, the blister packaging also protects it from harmful UV rays. It is also used for wrapping products like toothbrush, tablets, electronic toys. A lot of consumer research and development is being undertaken to develop innovative packaging technologies and designs. Entrance of third-party logistics companies like DHL has drastically improved the delivery time. It has also resulted in reduction of distribution and transportation cost. 

Insights on Contract Blister Packaging Services Market
By Region:

•    Asia Pacific
•    North America
•    Europe
•    Latin America
•    Rest of the World
Asia Pacific leads the pack when it comes to global blister packaging market. One of the reasons for that is the presence of a large number of manufacturing companies in China and India who dominate the market. North America and Europe regions are next in rank and they are going to be consistent throughout the forecast period. In particular, the European region have some stringent regulations over using excess amount of material in the packaging system. Package size reduction is also an important factor for the manufacturers to use blister packaging. Due to risings demands of pharmaceuticals in Latin America, it is a fast-growing region in the global blister packaging market. Rest of the world is also a fast-growing region and is expected to perform well during the forecast period.

By Packaging Type
•    Face Seal Blister
•    Full Face Seal Blister
•    Trapped Blister
•    Full Card Blister

By Industry
•    Pharmaceutical
•    FMCG
•    Food and Beverage
The pharmaceutical and healthcare industry are dominating in the blister packaging market in Europe and it is expected to have a consistent growth throughout the forecast period. FMCG sector is also expected to acquire a significant market share during the forecast period.

Competitive Landscape:
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  
Tier 1 companies comprise 35% of the global market while tier 2 acquires a 30% share of the global market. Tier 3 companies too share 35% of the market.

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global contract blister packaging services market by region, by packaging type, by industry
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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