Exclusive Report by Future Market Insights, Inc.
Exclusive Report by Future Market Insights, Inc.

The medicine blister packaging market size in the United States is likely to develop at a 4.00% CAGR through 2034. Changes in retail pharmacy dynamics, such as the growth of specialty pharmacies and the proliferation of retail clinics, increase the demand for distinctive and personalized pharmaceutical packaging.

NEWARK, Del, Nov. 21, 2023 (GLOBE NEWSWIRE) — The medicine blister market size is poised to cross US$ 12,460.7 million in 2024 and is likely to attain a valuation of US$ 21,083.8 million by 2034. The medicine blister market share is projected to develop at a CAGR of 5.40% from 2024 to 2034.

Incorporating gamification aspects into blister packaging provides a one-of-a-kind chance to boost patient engagement. Medication-adherence-related interactive elements, challenges, or incentives can make the medication-taking procedure pleasurable and motivating. Gamification allows companies to improve patient involvement with their goods, potentially enhancing adherence rates and patient outcomes. This business move corresponds with customer expectations for individualized and engaging healthcare experiences and helps products stand out in a competitive market.

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Pharmaceutical businesses intentionally embrace bio-based materials for blister packaging to match increased environmental concerns. This entails the use of renewable resources such as plant-based polymers. Companies demonstrate their commitment to sustainability and environmental responsibility by utilizing bio-based products. The chosen approach aligns with environmentally concerned consumer preferences, potentially improving the company’s reputation and customer loyalty. It also positions the organization as a pioneer in adopting environmentally friendly methods in the pharmaceutical packaging industry.

Pharmaceutical companies are deliberately exploring incorporating augmented reality (AR) for medication guidance right on blister packaging. AR aspects include step-by-step directions, dosing information, and potential adverse effects. Companies want to increase patient education, boost drug adherence, and distinguish their goods by embedding AR for medication advising into new, user-friendly packaging solutions. This strategy establishes the organization as a pioneer in harnessing digital technologies to improve the whole customer experience and satisfy the needs of a technologically driven market.

“The medicine blister market is operating in an environment marked by fast change and elevated expectations. This analyst’s note is an affirmation for industry participants to embrace adaptation, innovation, sustainability, and a global viewpoint. As the market advances, businesses who embody these ideals will not only prosper in the face of adversities but will also influence the future contours of the pharmaceutical packaging industry.” Says Ismail Sutaria, Principal Consultant at Future Market Insights.

Key Takeaways from the Medicine Blister Market Report:

  • In 2023, the global market size stood at US$ 11,822.3 million.
  • The thermoforming technology segment occupied 89.80% of the market shares in 2024.
  • The pharmaceuticals end-use segment captured 66.30% of the market share in 2024.
  • The market size in the United States is estimated to rise at a 4.0% CAGR through 2034.
  • The market size in Germany is expected to develop at a 5.70% CAGR through 2034.
  • The market size in China is likely to rise at a 6.10% CAGR through 2034.
  • The market size in India is expected to thrive at a 6.90% CAGR through 2034.

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Competitive Landscape

Ongoing developments in packaging technologies, such as smart packaging with IoT connectivity, increased tracking capabilities, and interactive features, could transform the landscape of medicine blister packaging. With the growth of customized medicine, the market players can connect with specialized treatment programs, providing customization choices that cater to unique patient needs and dosing regimes.

Recent Developments Observed by FMI:

  • In October 2023, Solvay, a global specialty materials manufacturer, unveiled Diofan Ultra736, a new polyvinylidene chloride (PVDC) coating solution with an ultra-high water vapor barrier that would lower the carbon footprint of pharmaceutical blister films.
  • Maruho Hatsujyo Innovations (MHI), a United States-based subsidiary of Maruho Co. Ltd, a Japanese healthcare firm with subsidiaries in Europe and the United States, introduced a blister packaging machine exclusively for stability testing and other small-run applications in February 2023.

Key Players in the Medicine Blister Market

  • Amcor Limited
  • Bemis Company Inc.
  • Constantia Flexibles Group
  • Sonoco Products Company
  • WestRock Company
  • Uflex Ltd.
  • Klöckner Pentaplast Group
  • Bilcare Limited
  • Honeywell International Inc.
  • Winpak Ltd.
  • Tekni-Plex Inc.
  • Essentra plc
  • Berry Global Group, Inc.
  • Huhtamäki Oyj
  • Svam Packaging Industries Pvt. Ltd.

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Medicine Blister Market Segmentation

By Product Type:

By Technology:

  • Cold Forming
  • Thermoforming

By Material:

  • Plastic
  • Aluminum
  • Paper & Paperboard
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)
  • Japan

Author by:

Ismail Sutaria (Principal Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power. 

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics. 

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

Explore Related Reports of Packaging:     

Blister Packaging Market Size: The market is anticipated to reach a valuation of US$ 13,953.6 million in 2023, with a projected surge to US$ 26,940.0 million by 2033. Experiencing robust growth, the sales of blister packaging are poised to flourish at a notable compound annual growth rate (CAGR) of 6.8% throughout the forecast period.

Sliding Blister Packaging Market Share: The market is foreseen to exhibit steady growth with a moderate compound annual growth rate (CAGR) of 5.5% over the forecast period from 2022 to 2032. Projections indicate that the sliding blister packaging market share is poised to escalate, reaching an estimated value of nearly US$ 41 Billion by 2032.

Pharmaceutical Packaging Market Growth: The market size is expected to reach US$ 101.1 billion in 2023. Anticipating robust expansion, total pharmaceutical packaging sales are projected to witness a healthy compound annual growth rate (CAGR) of 7.5% from 2023 to 2033. This growth momentum is set to culminate in a significant market valuation, reaching a staggering US$ 206.6 billion by the year 2033.

Carded Blister Packaging Market Analysis: As per Future Market Insights research, the anticipated period reveals promising prospects for the global market. The market is poised to achieve a valuation of US$ 7.4 Billion in 2022, and a robust compound annual growth rate (CAGR) of 6.2% is projected, elevating the market to US$ 13.6 Billion by 2032.

Medical Packaging Market Trend: Forecasts indicate that the global market is poised for substantial growth, with an anticipated compound annual growth rate (CAGR) of 6.7% between 2023 and 2033. Projections further suggest that the market value will witness a significant surge, escalating from US$ 78.3 billion in 2023 to a projected US$ 149.8 billion by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Originally published at https://www.einpresswire.com/article/670169674/medicine-blister-market-value-to-surpass-us-21-083-8-million-by-2034-exclusive-report-by-future-market-insights-inc