Cold Form Blister Packaging Market: Asia Pacific Region Dominated The Market With A Revenue Share
Cold Form Blister Packaging Industry Overview
The global cold form blister packaging market size is expected to reach USD 5.69 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The market is anticipated to be driven by the growing end-use industries including healthcare, electronics and semiconductors, consumer goods, food and confectionery, and industrial products, particularly in Asia Pacific.
The continuously increasing population, the increasing per capita income levels, and awareness regarding more efficient packaging solutions areprojected to drive the demand for better healthcare solutions. The rising adoption of health insurance, coupled with the increasing personal health expenditure, has triggered the market growth.
The aluminum material segment accounted for the largest revenue share of over 40.0% in 2020. Aluminum foil is used in cold-form blister packaging because of its wide range of mechanical properties. Aluminum packs are used for diagnostic products, light-sensitive formulation, and ointments where total barrier performance is required.
As product counterfeiting has become an increasingly serious issue, holographic effects are now being used on more and more aluminum foil cold form packs. Customers’ preference is increasing for packaging materials that offer longer shelf life, are impermeable to water vapor, oxygen, and light, aid in storing packaged products for prolonged periods, and help in maintaining freshness.
The electronics and semiconductors application segment is likely to witness the fastest growth over the forecast period. Electronics and semiconductors are expected to witness remarkable penetration on account of the increasing demand for electronic devices by customers.
The rapidly increasing demand for memory cards, electronic batteries, USD drives, and mobile accessories among others are projected to support the segment growth. The growing semiconductor industry is projected to have a positive influence on cold form blister packaging demand in this application segment.
Asia Pacific is anticipated to register the fastest growth rate from 2021 to 2028. The increasing production and consumption of solid drugs and medical supplies in the region areprimarily contributing to the regional market growth. Moreover, India is expected to witness the fastest growth in local and regional markets in the years to come because of its rapidly developing healthcare sector. For instance, In January 2016, Essentra plc has acquired pharmaceutical packaging assets of Kamsri Printing & Packaging Pvt. Ltd. The acquisition has provided strategic opportunities for the expansion of packaging capabilities in the Asian healthcare and pharmaceutical market.
Prominent players are advancing their packaging practices and involving smart machinery and materials in order to increase their profit percent and safety of the packaged product. For instance, in February 2017, Uflex has launched a new range of blister packs for usage across cold form blister pharmaceutical packaging. The new packs replace the conventional bi-axially oriented polyamide (BON) and polyvinyl chloride (PVC) films. The newly launched Alu blister packs from Uflex include three film layers comprising 36μm special polyester and 50μm soft aluminum foil.
Cold Form Blister Packaging Market Segmentation
Grand View Research has segmented the global cold form blister packaging market based on material, application, and region:
Based on the Material Insights, the market is segmented into Oriented-polyamide, Aluminum, Polyvinyl Chloride, Polypropylene, PE, and PET.
- The drugs consisting of active pharmaceutical ingredients(APIs) are highly moisture-sensitive because of their complex structures and may result in unwanted physical, chemical, or pharmacological changes when exposed to moisture. In order to keep them safe, cold form blister packaging is used for complete protection and prevention of exposure to the humid environment, thus the drugs have a higher demand for cold form blister packaging consisting of aluminum foil.
- The polyvinyl chloride(PVC) material segment is projected to register the fastest CAGR of 7.0% from 2021 to 2028. The cost-effective feature of PVC makes it an essential material in cold-form blister packaging. The ability to increase the strength of the packaging is another factor supporting the usage of PVC in cold form blister packaging. Basically, PVC is used as the contact layer and seal to the alu-alu foil because it is very stiff and ensures geometric stability after cold forming.
Based on the Application Insights, the market is segmented into Healthcare, Consumer Products, Electronics & Semiconductors, Food & Confectionery, and Others.
- The healthcare segment accounted for the largest revenue share of over 60.0% in 2020. The healthcare segment is inclusive of drug packaging that is orally administered including tablets, capsules, and inhaler medication. The widely used material for cold form blister packaging in the healthcare sector is aluminum.
- Innovative and modified packaging designs are in demand to keep drugs and medicines free from all adverse external factors that can modify the physical and chemical properties, biological contamination, degradation, mechanical damage, and counterfeiting. Bioplasticsare fast replacing other forms of raw materials, such as glass and aluminum, across pharmaceutical packaging products.
Cold Form Blister Packaging Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies & Market Share Insights
The market is fragmented worldwide, especially across the healthcare sector, increasing competition among players. The players are expanding their reach in order to cater to the rising awareness and increasing demand for cold-form blister packaging in the pharmaceutical market. Players are focusing on the productivity of packaging for the safety and longer shelf life of the packaged products. For instance, Bostik, a French-based manufacturer of adhesive and sealing products, has launched HERBERTS EPS 8760/KN75. It’s a high-performance, smart adhesive particularly developed to improvise the process automation of cold forming blister packaging across the pharmaceutical industry. The market is fragmented and has an amalgamation of medium and large players across the Asia Pacific and other major regions like North America and Europe. Companies are continuously putting efforts to develop more advanced and chronic disease-centric medications for more effective and fast treatment in the near future. The spreading awareness regarding proper treatment in the developing economies among the middle-class population, along with the increasing per capita income, is supporting the demand for cold form blister packaging across the globe. Some prominent players in the global cold form blister packaging market include:
- Amcor Limited (Bemis Company, Inc.)
- Constantia Flexibles Group GmbH
- Bilcare Limited
- Winpak Ltd.
- Uflex Ltd.
- ACG Pharmapack Pvt. Ltd.
- Svam Packaging Industries Pvt. Ltd.
- Tekni-Plex, Inc.
- Essentra plc
- Ningbo Dragon Packaging Technology Co., Ltd.
- Rollprint Packaging Products, Inc.
- R-Pharm Germany GmbH
- Wasdell Group
- Shanghai Haishun New Pharmaceutical Packaging Ltd.
Order a free sample PDF of the Cold Form Blister Packaging Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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