Global Pharmaceutical Blister Packaging Market will reach 7.60 Billion USD by the end of 2022 with a CAGR of 5.60%
The global Pharmaceutical Blister Packaging market was valued over $5.48 billion in 2016 and is expected to reach $7.60 B billion by the end of 2022, growing at a CAGR of 5.60% from 2016 to 2022.
Blister pack is a term for several types of pre-formed plastic packaging used for small consumer goods, foods, and for pharmaceuticals. The primary component of a blister pack is a cavity or pocket made from a formable web, usually a thermoformed plastic. This usually has a backing of paperboard or a lidding seal of aluminum foil or plastic. A blister that folds onto itself is often called a clamshell. Blister packs are useful for protecting products against external factors, such as humidity and contamination for extended periods of time. Opaque blisters also protect light-sensitive products against UV rays.
Pharmaceutical Blister Packaging can be divided into five categories: PVC type, lidding foils type, cold form type, PVDC type and other type. PVC pharmaceutical blister packaging accounted for the highest proportion in sales market, with a figure of 46.57% in 2017, followed by lidding foils type, account for 24.46%.
The sales market share of global Pharmaceutical Blister Packaging in capsule drug use, tablets drug use and other application has been stable year by year, at 46.15%, 35.16% and 18.69% respectively in 2017, and for several consecutive years, the amplitude was within one percent. This indicates that the segment of the Pharmaceutical Blister Packaging in the global market tends to be fixed without great changes. Among them, the Pharmaceutical Blister Packaging market has the most promising sales prospects in capsule drug use.
XYZ research center data shows that North America is the biggest contributor to the Pharmaceutical Blister Packaging revenue market, accounted for 34.12% of the total global market with a revenue of 1981.22 million USD in 2017, followed by Europe, 28.45% with a revenue of 1652.27 million USD.
Amcor is the largest company in the global Pharmaceutical Blister Packaging market, accounted for 7.41% of the revenue market share in 2017, followed by Constantia Flexibles and Kl?ckner Pentaplast, accounted for 6.68 and 4.47% of the revenue market share in 2017. The Pharmaceutical Blister Packaging industry is not concentrated, these manufacturers range from large multinational corporations to small privately-owned companies compete in this industry. The top five producers account for around 25% of the revenue market.
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