Blister packaging has a huge demand in the health care industry

- Apr 25, 2018-

According to industry forecasts, the size of blister packaging market will increase from 18.65 billion US dollars in 2016 to 28.38 billion US dollars in 2022, and the estimated annual compound growth rate is 7.2%. According to industry forecasts, the size of blister packaging market will increase from 186.5 in 2016. Billion-dollar growth to US$28.38 billion in 2022 is estimated at a compound annual growth rate of 7.2%. On the other hand, the cold-formed portion of the technology segment holds a moderate share in the blister packaging market. Compared with thermoforming technology, cold forming technology is a more complicated process because of its slower production, higher production costs and opaque packaging, which makes it difficult to check for erroneous packaging. The plastic film part accounts for the largest market share by material and is expected to grow at the highest compound annual growth rate during the forecast period. This growth is due to its use in almost all types of packaging because it provides good product visibility and provides safe and attractive packaging. Plastic is also used as a raw material for making blister packs because it is durable, clean, lightweight, transparent, and cost-effective. However, with the maturity of the blister packaging market in developed countries, the US and Canadian markets are expected to grow fastest between 2016 and 2022.