Cold Form Blister Packaging Market is Estimated to Reach US$ 1.8 Billion at 6% CAGR by 2032

Cold Form Blister Packaging Gaining Traction in Pharmaceutical Industry to Protect Medicines from Harmful External Influences

Rockville, July 04, 2023 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, reveals that at present, the Cold Form Blister Packaging Market is valued at US$ 1 billion and is forecasted to progress at a CAGR of 6% from 2022 to 2032.

The market for cold form blister packaging is rapidly expanding due to increasing investments in the healthcare sector. The growth in medical facilities and the introduction of several healthcare initiatives by governments all over the world are driving the demand for cold form blister packaging. Demand for packaging materials that provide the best protection and safety while extending product shelf life is anticipated to increase over the coming years.

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The pharmaceutical industry's increasing packaging requirements and the high demand for cold-forming packs due to excellent product features are some of the factors boosting market expansion. Cold form blister packs, which are highly used for the packaging of consumer goods, groceries, and medications, are products that are sealed in a cavity with a paper backing, aluminum, or film.

Demand for products made using cold-form foil packaging has increased as a result of rising disposable income, improved healthcare facilities, and government-backed measures to promote healthcare programs. It is anticipated that ongoing research and development in packaging foils will boost market expansion throughout the projection period.

Key Takeaways from Market Study

The global cold form blister packaging market is set to reach US$ 1.8 billion by 2032.

Market in Canada is projected to progress at a CAGR of 5% over the forecast period (2022-2032).

The polyvinyl chloride segment is anticipated to rise at a CAGR of 5.8% from 2022 to 2032.

Market in Germany is set to evolve at a CAGR of 4.5% through 2032.

“Cold form blister packaging of pharmaceutical products supports adequate insulation of medications from the outside environment and also offers high levels of protection, in addition to cost-effectiveness and ease of handling,” says a Fact.MR analyst

Competitive Landscape

Major players are improving their cold form blister packaging options to satisfy the shifting client demand. To ensure the safety of the packaged goods and their extended shelf life, players are concentrating on packaging performance.

For instance,

Amcor Limited disclosed plans to invest in boosting its packaging features in Ireland. With the investment, the company's position in sterile packaging solutions is anticipated to increase.

Key Companies Profiled

Essentra plc

Amcor plc

Bilcare Limited

PAXXUS

Ropack Inc.

Tekni-Plex, Inc.

Wasdell Packaging Group

Winpak Ltd.

Constantia Flexibles Group GmbH

Flexi Pack Limited

Green Pack Foils Pvt. Ltd.

Nuplas Industries Limited

Aphena Pharma Solutions, Inc.

Wisesorbent Technology LLC

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Winning Strategy

To maximize their profit margins and the safety of packed products, key companies are modernizing their packaging techniques and utilizing sophisticated equipment and materials. Due to the rising product demand across numerous industry verticals, top market players have been working to improve the quality of their products. The increasing attention of businesses on market development is a result of the expanding applications. Major companies offer customized products to meet customer requirements.

For instance,

Sonoco Products Company announced an all-paper retail blister package as an excellent environmentally friendly replacement for thermoformed plastic blister packaging.

Key Segments in Cold Form Blister Packaging Industry Research

By Material:

Aluminum

Polyvinyl Chloride

Polypropylene

Oriented-polyamide

Others

By Application:

Pharmaceuticals

Consumer Products

Electronics & Semiconductors

Food & Confectionery

Others

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global cold form blister packaging market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of material (aluminum, polyvinyl chloride, polypropylene, oriented-polyamide, others) and application (pharmaceuticals, consumer products, electronics & semiconductors, food & confectionery, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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