Accoriding to a report of ReportBuyer Blister Packaging is witnessing high growth across the world due to the high safety offered by these solutions. Strict regulations, demands from manufacturers and consumers alike has created robust demand for blister packages. Growth in over the counter drugs has also provided impetus to market. Global Blister Packaging Market is estimated to reach $9.75 billion by 2020 from $7.19 billion in 2014 at a CAGR of 5.21%.
Under the blister packaging process, individual tablets or capsules are sealed within their own cavity, usually made of thermo-formed plastic or cold-form aluminum, protecting the drug from contaminants such as moisture and oxygen by a barrier of foil, film or paperboard. Blister packaging solutions are also being used by retail industry apart from widespread usage in pharmaceuticals. Europe is the major market for these solutions on account of government regulations, followed by North America and Asia Pacific.
The Global Blister Packaging market is segmented on the basis of Type (Forming Film-(Thermoform, Coldform) and Lidding Materials), Industry (Pharmaceutical, Retail, Food) and Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa).
This report describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles of leading suppliers of Blister Packaging Market. Some of the top companies mentioned in the report are Amcor, Bemis, West Pack, Sonoco, Honeywell International, MTS Medication Technologies, Reynolds Packaging, DOW Chemical, Uhlmann Group, Rohrer, Pharma Packaging Solutions and Tekni-Plex.
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