Meticulous Research®, a prominent global market research firm, has published a detailed report titled "Blister Packaging Market by Product (Clamshell, Trapped), Material (PP, PE, PVC, PET, Paper, Aluminum), Technology (Thermoforming, Cold Forming), Application (Pharma, Medical Device, Food) - Global Forecast to 2031."

The latest findings project that the global blister packaging market will reach $34.11 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. This growth is driven by factors such as the expansion of the pharmaceutical sector, environmental regulations targeting packaging waste, increasing demand for over-the-counter (OTC) drugs, and the broader adoption of blister packaging across food, electronics, and consumer goods sectors. Nonetheless, limitations such as the unsuitability of blister packaging for heavy items and lengthy packaging processes could temper market growth.

The shift from bottle packaging to blister packaging in the pharmaceutical industry, coupled with innovations and a rise in clinical trials, presents promising growth opportunities. However, evolving regulatory requirements and environmental concerns about single-use packaging pose significant challenges.

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Market Outlook
The market is segmented by Product (Clamshell Blisters, Trapped Blisters, Face Seal Blisters, and Blister Cards), Material (Polymers [Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polyethylene, and Other Polymers], Aluminum, and Paper & Paperboard [Clay-coated board, Solid bleached sulfate, and Other Paper & Paperboards]), Technology (Thermoforming and Cold Forming), Application (Pharmaceuticals [Tablets, Capsules, Powders], Medical Devices, Food, Electronics, Consumer Goods, and Others), and Geography. The report also provides an in-depth analysis of industry competitors and market dynamics at both global and regional levels.

The blister card segment is expected to exhibit the fastest growth due to its ability to reduce damage risk, maintain product integrity, and offer customization. The pre-portioned compartments in blister card packaging also minimize contamination risks, driving its adoption in pharmaceuticals and cosmetics.
Among materials, the paper & paperboard segment is projected to grow the fastest from 2024 to 2031. This growth is fueled by the rising demand for eco-friendly paper-based blister packaging in the food industry and increasing environmental concerns about material reuse and recycling.

In terms of technology, thermoforming blister packaging is anticipated to hold the largest market share in 2024, supported by the extensive use of polymers in this method.

For applications, the pharmaceutical sector is expected to dominate the blister packaging market in 2024. Within this sector, tablets are forecasted to hold the largest share due to the demand for tamper-proof packaging. The increasing focus on secure and safe tablet packaging and rising R&D investments in drug development are driving the market. For example, pharmaceutical R&D expenditure in China grew from 13.6% in 2013-2017 to 15.6% in 2018-2022, while Europe's rate increased from 3.2% to 4.6% during the same periods.

Regional Analysis
The report provides a detailed analysis of the market across North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Ireland, Belgium, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.

Asia-Pacific is projected to experience the highest growth rate during the forecast period, driven by the burgeoning pharmaceutical industries in China, India, and South Korea. China’s focus on pharmaceutical R&D and increased capital influx is notably supporting this growth.

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Key Market Players
Major players in the global blister packaging market include Amcor plc (Switzerland), AptarGroup, Inc. (U.S.), Constantia Flexibles (Austria), UFLEX LIMITED (India), Honeywell International Inc. (U.S.), Sonoco Products Company (U.S.), Tekni-Plex, Inc. (U.S.), Ecobliss Pharmaceutical Packaging (Netherlands), Rohrer Corporation (U.S.), Schreiner MediPharm L.P. (Germany), Perlen Packaging (Switzerland), and Henkel AG & Co. KGaA (Germany).

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