The Global Cold-Form Blister Packaging Market is expected to reach a valuation of
for the forecast period (2023-2032). This growth can be accredited to the several characteristic features provided by this packaging, such as complete barrier protection against water, oxygen, light, & moisture. Cold-form blister packaging is applied by utilizing cold-forming foil, discarding the requirement for heat usage during the packaging process. It finds significant usage in the packaging of medical products, especially capsules & tablets. In the United States market, this packaging is observing fast expansion, majorly propelled by its widespread utilization in the medical sector.
Market Dynamic
Various policies & regulations imposed by governments, for example, the TEP (Tamper Evident Packaging) Act applied by the FDA (Food and Drug Administration), enhance the demand for such packaging in the pharmaceutical sector. The intricate medical system in the United States includes several intermediaries in the reimbursement & distribution of drugs, leading to secure & efficient packaging. Moreover, this form of packaging has gained traction among medical players because of its capability to secure products. United States-based healthcare packaging player Aptar provides the Active-Blister healthcare packaging, The Food and Drug Administration allowed for its usage in the prevention of HIV capsules, enhancing the rising acceptance of cold-form blister packaging in the pharmaceutical sector.
Moreover, the rising spending on prescription & generic drugs in the United States compared to other nations, like Germany, the UK, & Australia, indirectly affects the growth of the market of cold-form blister packaging. Enhanced customer spending on these drugs results in a higher demand for blister packs to serve the market requirements. Consequently, pharmaceutical key players & packaging manufacturers are looking ahead to meet the sector’s packaging needs for medications of a solid unit dose, such as tablets, capsules, & pills driving market growth in the cold-form blister packaging sector.
Research Scope and Analysis
By Material
The segment of aluminum dominates the market with the maximum share in 2023. This dominance is credited to aluminum's unique features, such as barrier effectiveness, avoiding contamination, & enhancing the life of items by impeding oxygen & moisture ingress. Moreover, aluminum plays a vital role in providing the stability & efficacy of medical products, including capsules, & over-the-counter drugs making sure that they are viable for longer duration, thereby propelling market growth for this segment.
Furthermore, the segment of PVC is expected to see further expansion in upcoming years. Polyvinyl Chloride is economical & has high visibility characteristics making it a perfect choice for cold-form blister packaging, especially for items with lower prices. Additionally, PET finds widespread utilization in cold-form blister packaging because of its durable, lightweight, & recyclable characteristics.
By Application
The sector of healthcare dominates the market share. This market is further segmented into various applications such as consumer products, food & confectionery, healthcare, electronics & semiconductors, & others. The healthcare segment’s dominance can be accredited to the composite plastic & aluminum film materials utilized in this kind of packaging, providing product protection at a higher level as compared to thermoformed plastics. The tight seal made around the product by cold-forming blister packaging gives increased protection against contamination, physical damage, & tampering, providing efficacy & safety to the packaged items.
The segment of consumer goods is anticipated to show growth for the period 2023-2032 because of the growing desire for several items like lipsticks, bar soaps, toothbrushes, shower gels, and more. In these items, it is important for customers to go through the packaging & see the product & its information. Cold-form blister packing with plastic film materials that are transparent enhances the product’s appearance, making customers look for the inside contents, contributing to market growth in the consumer goods segment.
The Global Cold Form Blister Packaging Market Report is segmented on the basis of the following:
By Material
• Aluminum
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Oriented Polyamide
By Application
• Consumer Products
• Food & Confectionary
• Healthcare
• Electronics & Semiconductors
• Others
Regional Analysis
The Asia Pacific region dominates the cold-form blister packaging market, accounting for a maximum share of 33.2% in 2023. The dominance is anticipated to be driven by the rising healthcare and medical sectors in the area. The increase in the rising trend of online platforms further enhances the demand for cold-form blister packaging in the market. Community pharmacies adopt these blister packs because of their ease of handling, efficiency in space, & capability to show the product & its information via transparent kind of packaging. Moreover, online platforms for selling products such as Amazon gives priority to the use of such kind of packaging for medical items as it gives compact & safe solutions for transporting, and therefore fostering the market’s growth.
North America acts as a key hub for computer hardware & accessories, containing peripherals, components, & networking technologies, thanks to the existence of well-developed electronic players such as Microsoft, Apple Inc., etc. The acceptance of this kind of packaging in this sector is propelled by its ability to protect sensitive & fragile components of electronic items during warehousing & transportation. This type of packaging gives a cushioning effect, protects against moisture, & effectively decreases the chances of damage during handling & transportation.
By Region
North America
• The U.S.
• Canada
Europe
• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA
Competitive Landscape
To gain market share in specific regions, key companies are adopting various strategies, including multiple mergers and acquisitions. Additionally, these companies are forming technological collaborations to produce advanced products with superior performance characteristics, aiming to increase their revenue.
An example of such collaboration is seen in April 2023 when Amcor plc announced a partnership with Tyson Foods, Inc., a global food company, to jointly develop cost-effective cold-form blister packaging solutions for food products. This strategic move allows both companies to leverage their expertise and resources to create innovative packaging solutions, enhancing their competitive edge in the market. Furthermore, in November 2022, UK-Shawpak, a manufacturer of medical packaging equipment, introduced its latest innovation, the Shawpak Rigid Blister Machine. This advanced packaging machine empowers businesses to swiftly create custom trays, providing a comprehensive range of packaging solutions to clients in the medical and pharmaceutical industries. Notably, one of the key advantages of this machine is its ability to enable medical device clients to produce packaging on-demand from roll stock, eliminating the reliance on complex supply chains and offering greater flexibility. By facilitating quick tool changes, customers have complete control over tray development, reducing excess stockholding, space wastage, and cost inefficiencies. Additionally, the Shawpak Rigid Blister Machine integrates inspection and serialization during packaging creation, enhancing quality control and streamlining the company's supply chain.
Some of the prominent players in the Global Cold Form Blister Packaging Market are:
• Bemis Company Inc.
• Constantia Flexibles
• Amcor plc
• WINPAK Ltd.
• Uflex Limited
• Sonoco Products Company
• Bilcare Research
• Tekni-Plex
• Essentra plc
• ACG
• Wasdell Group
• Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Cold Form Blister Packaging Market:
The COVID-19 pandemic and subsequent recession had a mixed impact on the global cold-form blister packaging market. While there was a surge in demand for healthcare and pharmaceutical products, driving the need for cold-form blister packaging for drug distribution and protection, other industries such as consumer goods and electronics experienced a slowdown. The increased focus on hygiene and safety measures during the pandemic further drove the demand for tamper-evident and secure packaging solutions, benefiting the market. However, disruptions in supply chains and manufacturing activities, coupled with economic uncertainties, led to challenges in production and distribution. The recessionary pressures also affected consumer spending patterns, resulting in reduced demand for non-essential products, which impacted the cold-form blister packaging market in certain regions. Nevertheless, the market showed resilience, with technological collaborations and innovations supporting growth, and as the global economy recovers, the cold-form blister packaging market is projected to regain momentum