Report forecast the global blister packaging market to grow
at a CAGR of 5.81% during the period 2016-2020.
The pharmaceutical industry employs blister packaging to
pack medicines and small medical devices as it reduces production time and
offers increased product protection. The adoption of this packaging solution is
the highest in this industry because of rapid growth in the demand for
tamper-evident and convenient packaging. Blister packaging protects solid dose
pharmaceuticals from oxygen, moisture, odor and also enhances shelf life.
Blister packaging will gain popularity because of its flexibility to the
unit-dose format with high visibility, expanded label content, and implicit
track and trace features.
The report covers the present scenario and the growth
prospects of the global blister packaging market for 2016-2020. The report also
presents the vendor landscape and a corresponding detailed profiling of the
major vendors across the value chain of the global blister packaging market.
The market is divided into the following segments based
on geography:
- APAC
- Europe
- North America
- ROW
According to the report, increase in medical compliance
rates is a key driver aiding to the growth of this market. Patient adherence to
medications drops by 45%-50% within the first four months of therapy. This not
only affects the sales of the pharmaceuticals but also has adverse effects on
the individual's health. Manufacturers are developing compliance packaging,
which includes blister packaging to increase compliance to medication.
Companies are looking to design and manufacture pharma packaging formats such
as blister packs to encourage and remind patients to take their daily dosage,
thereby increasing the compliance rate by 20 times, fostering the market for
blister packaging.
Further, the report states that competition from other forms
of packaging is a major challenge the market is facing. Folding cartons, strip
packs, bubble packs, skin packaging, plastic bottles and tubes, pouches,
windowed packaging, trays, containers, and clamshell packaging are some of the
alternative packaging options available for pharmaceuticals, medical devices,
food, and other consumer goods. Different types of packaging options offer
various features and performance benefits. Increased innovation and product
offerings by vendors of other packaging products also attract consumers.
Furthermore, blister packaging will face stiff competition from pre-fillable
syringes during the forecast period. The popularity of pre-fillable syringes
can be attributed to their pre-measured dosage, which reduces dosing errors,
thereby accentuating patient compliance.
Global Blister Packaging Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global blister packaging market: Amcor,
Bemis, Owens-Illinois, Sonoco, and WestRock.
Market driver
- Cost reduction through automation
- For a full, detailed list, view our report
Market challenge
- Adverse effects of PVC films
- For a full, detailed list, view our report
Market trend
- Smart blister packaging
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 58 pages and 22 Exhibits “Global
Blister Packaging Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Market
segmentation by raw material, Geographic segmentation, Market drivers, Impact
of drivers, Market challenges, Impact of drivers and challenges, Market trends,
Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/3gP
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PET Packaging Market 2016-2020 - Visit at - http://mrr.cm/3ge
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