Cold Form Blister Packaging Market (Material Type - Oriented-Polyamide, Aluminum, Polyvinyl Chloride, Polypropylene, and Others; Application - Healthcare, Consumer Products, Electronics and Semiconductors, Industrial Goods, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on cold form blister packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional cold form blister packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cold form blister packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cold form blister packaging market.

Market Insight:

The global cold form blister packaging market was valued at USD 3380.1 million in 2022 and is expected to reach USD 5123.9 million in 2030, with a CAGR of 4.6% during the forecast period 2023-2030.

Cold-form blister packaging is a specialized packaging technique commonly used in the pharmaceutical industry and for industrial purposes. It involves forming a cavity or pocket using a combination of aluminum foil and plastic films. This type of packaging provides excellent protection against moisture, oxygen, light, and physical damage, ensuring the integrity and stability of pharmaceutical products. Cold-form blister packs are tamper-resistant and offer extended shelf life for medications and other perishable items. Considering its application in the pharma industry, it also enables easy patient identification and dosage management. With its superior barrier properties and adherence to regulatory standards, cold-form blister packaging is widely adopted by drug manufacturers worldwide for packaging solid oral dosage forms.

The market for cold-form blister packaging is driven by increasing demand for medicines due to the growth of the geriatric population and chronic diseases such as diabetes, high blood pressure, and others. The market of pharmaceutical and medical devices has been tremendously rising due to covid pandemic, and the rising penetration of non-contagious and contagious diseases globally therefore, there is a rising need for drug development which leads to a rise in cold- form blister market. Also, the government of different countries such as India, China, the U.S., Canada, and others is effectively allocating budgets for healthcare expenditures which motivates the manufacturers of the medical industry. According to the Centers for Medicare & Medicaid Services, “The U.S. is projected to spend $6.2 trillion on healthcare by 2028. In 2020, spending was $12,530 per person”. The principal advantage of cold-form foil blisters is that the use of aluminum offers a near complete barrier for water and oxygen, allowing an extended product expiry date. Cold-form blister packaging is having high demand in the food industry to increase the shelf life of food products. However, the availability of raw materials can significantly impact the growth of the cold-form blister packaging market. The primary raw materials used in cold-form blister packaging include aluminum foil and various plastic films. If there is a limited supply or shortage of these materials, it can impede the production and availability of cold-form blister packaging. Factors such as fluctuations in the prices of raw materials, geopolitical issues affecting the supply chain, and environmental regulations on material sourcing can all influence the availability of raw materials. Moreover, there is an opportunity for the cosmetic and personal care market to grow in emerging economies due to rising urbanization and disposable income for blister packaging in the cosmetic industry as blister PVC is used for packaging facial kits, lipstick trays, nail polish trays, and others.

The global cold form blister packaging market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Among the regions, North America is anticipated to dominate the cold-form blister packaging market during the forecast period. The cold form is extensively used for semiconductor packaging, therefore growth in the semiconductor sector leads to market growth of cold form blisters. According to the Semiconductor Industry Association’ “U.S. semiconductor companies continue to invest roughly one-fifth of annual revenue in R&D — amounting to a record $50.2 billion in 2021”. which can penetrate the demand for cold-form blister packaging solutions in the industry. Considering the pharma industry, “In 2021 North America accounted for 49.1% of world pharmaceutical sales compared with 23.4% for Europe”. Asia Pacific is also the fastest growing market as there are many raw material suppliers and local companies producing polymers used in cold-form blister packaging such as PVC, PE, aluminum, and others. Hence, Asia-Pacific is a hub of many raw material suppliers which makes it one of the fastest-growing regions for the cold-form blister packaging market. Moreover, the growth of the pharmaceutical sector is resulting in the manufacturing of drugs resulting in market growth.

Report Scope of the Cold Form Blister Packaging Market:

Segment Covered

The report on global cold form blister packaging market covers segments such as material type, and application. On the basis of material type, the sub-markets include oriented-polyamide, aluminum, polyvinyl chloride, polypropylene, and others. On the basis of application, the sub-markets include healthcare, consumer products, electronics and semiconductors, industrial goods, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Honeywell International Inc., Constantia Flexibles, Sonoco Products Company, Tekni-Plex, Inc., Amcor plc, Bilcare Limited, Wasdell Packaging Group, FlexiPack, UFlex Limited, and GREEN PACK FOILS PVT. LTD..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cold form blister packaging market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.