The global cold form blister packaging market is expected to reach USD 8.63 billion by 2024, according to a new report by Grand View Research, Inc. Rising utilization of packaging materials that offers optimal protection and safety allowing to extend product shelf life is projected to boost market demand over the forecast period.
Cold form blister packs help to provide an impermeable barrier to moisture, light, oxygen, and other gasses. It also maintains the product integrity, offers complete protection proving to show high patient compliance rate. Some of the drivers influencing the market growth are the growing packaging demand from pharmaceutical industry and high requirement of cold forming packs owing to favorable product features.
Growing disposable income, improved medical facilities and initiatives adopted by the government to promote healthcare programs has led a rise in demand for cold form foil packaging products.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/cold-form-blister-packaging-market
Further key findings from the report suggest:
·
Healthcare broadly prefers utilizing cold
forming packaging materials; this segment accounted for 48.30% of the market
volume in 2015. It is used for sealing many products like tablets, capsules,
drugs, vials, ampoules, syringes or liquid products. Child-resistant, tamper
evident, senior-friendly and anti-counterfeit packaging are in high demand
worldwide.
·
Innovative packaging is designed and modified to
keep pharmaceuticals & medical devices free from all adverse external
factors that modify the physical and chemical properties, biological
contamination, degradation, mechanical damage, and counterfeiting
·
Electronics & semiconductors are expected to
witness the fastest growth over the forecast period. The rising number of
automobile companies coupled with increasing utilization of electronic
components, such as transmitters, transistors, diodes, batteries, in the
manufacturing process may be attributed to high growth in future.
·
Asia Pacific is projected to grow at the highest
CAGR of over 7.8% on account of the growing demand for healthcare and
electronics & semiconductors products in China, Japan, and India. Rising
consumers’ necessity for convenience and better sealing features, demand for
wide-range of product portfolio and improved environmental standards are
accelerating the demand for cold form blister packaging.
·
Major companies identified in this industry
include Amcor Ltd., Sonoco Co. products, Bemis Company Ltd., Constantia
Flexibles Group GmbH, Essentra PLC, Tekni-Plex Inc., and Honeywell
International, Inc. among others. Multinational packaging companies have
partnered with raw material suppliers and have acquired regional small and
medium-sized flexible packaging companies to expand its geographical presence.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented
the cold form blister packaging market on the basis of application and
region:
- Global Cold Form Blister Packaging Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Healthcare
- Consumer products
- Electronics & semiconductors
- Food
- Industrial goods
- Global Cold Form Blister Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Central & South America
- Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-cold-form-blister-packaging-market
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