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Blister Packaging Market Set for Continued Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-22 

Growing convenience goods sector is boosting the blister packaging market. Goods including toothbrush, cosmetics, electronics and medicines are widely consumed and this packaging makes it easier for the consumers in handling and its usage. These are prominent drivers flourishing  blister packaging market to grow at a decent rate. It has also helped the retailers in easy storage, labelling and transportation of goods from one place to another.       

Blister packaging market supply chain initiates from suppliers of raw material. After raw material procurement, companies manufacture the product through thermoforming and cold forming processes. It is then packed in different design and is transported to various location for usage. End users of the products are medicines, small consumable goods and cosmetics.

Blister Packaging Market size will witness a substantial growth in the forecast time frame. It is preformed plastic that is used to pack small consumer goods, food and medicines. The product usually has a back-up of paperboard, or a lidding cover of aluminum foil or plastic. It is used to protect packaged product against external factors such as humidity, contamination and light sensitive products from UV rays. It is widely used to wrap products including tablets, electronic, toy and toothbrush.

To access the table of contents or view the Blister packaging market report in detail, please click the link below: https://www.gminsights.com/request-toc/upcoming/1726

Blister packaging will witness huge demand, owing to the upsurge in manufacturing activities and growth in convenient packed goods. Manufacturing industry is increasing by over 15% of global GDP and over 13% of employment which is positively influencing the blister packaging market. It is used in wrapping consumer goods, medicines and food products. It provides ease in product handling along with protecting the goods from climatic conditions and contamination. The transportation of goods become easier with the use of this kind of packaging.

North America led by US is world’s most acknowledged pharmaceutical hub. It contributes over 40% in global pharmaceutical industry hosting top companies such as Johnson & Johnson, Pfizer, Novartis in the medicine industry on a global basis. The product is widely used to wrap the medicines to protect it from contamination and humidity. With rise in pharmaceutical industry the blister packaging market will surge simultaneously in the region.

Key players in blister packaging market are Bemis, Amcor, Owens-Illinois, Sonoco, West rock, The Dow chemical company, Tekni Plex, Honeywell International, Constantia and Klockner Pentaplast Group. Companies are developing on their packing to attract consumers and grow in blister packaging market.

Amcor announced acquisition of Deluxe Packages, the newly formed flexible Americas Business group. Aim of the acquisition was a prospect to accelerate profitable growth. With the acquisition, Amcor’s consumer value proportion in the specialty food wrapping segment will strengthen with a combined east and west coast footprint. The acquisition will even enhance growth in priority sectors and generate strong revenues.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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