Cold Form Blister Packaging Market Leading Players Envisioned By The Analysts Forecast

Transparency Market Research says that the competitive landscape in the global cold form blister packaging is highly fragmented. With a handful of key players, the overall market is run by several local entities. Amcor Limited, Bemis Company, Inc., Constantia Flexibles Group GmbH, Uflex Ltd., and Tekni-Plex, Inc. have been identified as the significant players in the global cold form blister packaging market. Most of these players are expected to focus on expansion, collaboration, and product innovation to stay ahead of the competition. Offering superior quality of products at a minimal cost is expected to be one of the key strategies of the companies operating in the overall market.

According to Transparency Market Research, the global cold form blister packaging market was worth US$715.4 mn in 2016 and is expected to reach a valuation of US$1, 1437.7 mn by the end of 2025. During the forecast period of 2017 and 2025, the global cold form blister packaging in expected to surge at a CAGR of 5.1%. Out of the various end users, the pharmaceuticals industry is likely to lead the global market in the near future. In terms of volume, this segment is expected to acquire a share of 97.8% during the forecast period in the global market. In terms of geography, Asia Pacific is expected to hold a dominant share in the overall market. This regional market is estimated to surge at a CAGR of 4.8% between 2017 and 2025.

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Demand for High Barrier Packaging Products Boosts Demand for Cold Form Blister Packaging

The global cold form blister packaging is gaining market traction with a remarkable growth throughout the forecast period primarily due to the increase in the demand for high barrier packaging products in the pharmaceutical industry for the packaging of the unit dose medicines. The cold form blister packaging provides zero permeability to the moisture and surrounding gases. The cold form blister packaging is the best alternative to the thermoform blister packaging due to its high deamination resistance properties. The traditional cold form blister foil is made up of the multilayer structure which consists of the aluminum, oriented polyamide, and polyvinyl chloride. The composition of the aluminum, OPA, and PVC in a typical cold form foil is approximately 50%, 15%, and 35% respectively, by weight.