PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425135
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425135
The blister card market is estimated to grow at a CAGR of 5.58% during the forecast period.
The pharmaceutical industry's reliance on specialized packaging to protect the integrity of medical items is increasing the value of the blister card market. Blister packaging's tamper and contamination-resistant features are also driving market growth. Because of the creative use of PVC materials and thermoforming methods that assist in lowering operational costs, blister packaging has emerged as the preferred option for packaging in the pharmaceutical business. The growing reliance of the geriatric population on pharmaceutical items, particularly those packaged in blister packaging, is driving market dynamics. Companies are providing eco-friendly blister packaging materials to extend their consumer base with the newest blister packaging industry trends.
Blister cards are moulded plastic pieces that are mostly sealed to a sheet of paper or metal and are used to box items such as tablets or large quantities of low-cost consumer electronics. Plastic substrates as a forming film and paper and paperboard or aluminium as lidding materials are the most common materials utilized in this type of packaging. This sort of packaging has several advantages over conventional packaging alternatives, including cost savings, ease of handling, and protection for each little packed material, among others. Blister cards are used in the healthcare sector to package medical equipment and medications. Furthermore, blister card packaging is commonly employed in food and consumer goods packaging. Furthermore, blister manufacture takes low resources, and the solutions take up less shelf space, are easy to handle, provide great protection against environmental factors, and have a nice hang hook display characteristic. Because of the minimum resources required and the affordable availability of raw materials, package producers were able to offer cost-effective solutions to a diverse variety of consumers, hence driving the blister card packaging market share.
The prominent growth in the pharmaceutical sector under the End-User segment
The pharmaceutical sector captured the major market share and is poised to expand significantly over the forecast period. Over the last several decades, governments all over the world have imposed severe laws on the packaging of pharmaceutical products such as drugs, medications, and so on. This has significantly increased the need for blister cards in the pharmaceutical business on a global scale. Blister cards provide a safe and visible packaging option for displaying individual dosages. Blister cards are in high demand in the market because they help with medication adherence by not only offering structured and labelled sections for each dosage but also improving medication management for caregivers. Demand for blister cards is likely to increase as pharmaceutical businesses continue to promote patient-centric methods and regulatory compliance.
The Asia Pacific region emerged as the major market leader and is poised to expand significantly over the forecast period. This growth and expansion can be attributed to the presence of emerging economies like India and China. The pharmaceutical sector in India has grown rapidly in recent years as a result of increased medical spending by both the government and commercial entities. Blister cards are becoming increasingly popular in this market because they provide a safe and tamper-evident packing option. The blister card market's expansion can also be attributable to a significant increase in retail chains and internet pharmacies. Blister cards, with their transparent bodies and printed cardboard backs, give extensive product information to customers and this is the prime reason why it is widely utilized. Similarly, the Chinese blister card market is predicted to rise rapidly throughout the forecast period. There has been a huge shift in the shopping habits of Chinese customers, who increasingly choose online platforms over supermarkets and local businesses. Blister cards provide an effective and efficient packaging method to meet this need, increasing market revenue overall. The blister card market has benefited from the rise in disposable incomes of middle-class Chinese customers. The retail business has grown as a result of increased purchasing power, therefore extending the market expansion.
Segmentation