Cold Form Blister Packaging Market To Reach $6.46 Billion By 2030

Cold Form Blister Packaging Market Growth & Trends

The global cold form blister packaging market size is expected to reach USD 6.46 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2023 to 2030. This market growth is attributed to its application in various industries such as healthcare, electronics and semiconductors, consumer products, food and confectionery, and others.

The cold-form blister packaging solution production process is performed on cold-forming foil and adopts a technique that eliminates the need for heat applications during the packaging process. With this process, the cold-forming foils or laminate sheets containing aluminum material are subsequently shaped into the desired form through stamping using a blister machine.

These packaging solutions made of raw materials such as aluminum, polypropylene, oriented polyamide, and Polyvinyl Chloride (PVC) are developed by creating a protective blister or cavity to hold individual products and are widely used in the healthcare, electronics, consumer products, and other industries in to pack generic drugs, batteries, soap bars, and others in a transparent packaging to allow consumers to see through the product and its information.

Asia Pacific is home to a significant portion of the global population, including densely populated countries such as India and China. The increased disposable income of the middle-class population and rising healthcare awareness among consumers across the region is contributing to the growth of the healthcare, consumer products, and electronics & semiconductors industry which further fuels the market growth for the cold-form blister packaging market.

The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in December 2022, Amcor plc announced an expansion in its global footprint by launching an additional manufacturing facility in China to meet the growing cold form blister packaging solutions demand across the Asia Pacific region.

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Cold Form Blister Packaging Market Report Highlights

• The increasing number of healthcare facilities across the globe are augmenting the growth for the cold form blister packaging market across the globe

• The time-consuming process involved in manufacturing cold-form blister packaging solutions, such as the forming and sealing processes and their high production cost restricts market growth to some extent

• Aluminum recorded the largest market share in the base year 2022 under the material segment owing to its properties such as protecting the product from external factors such as moisture, light, and oxygen to enhance their shelf life

• The healthcare segment accounted for the highest market share in 2022 due to increased expansion of healthcare infrastructure in various countries such as the U.S. which has a higher demand for healthcare products leading to an increased need for reliable packaging solutions such as cold form blister packaging to ensure the safety, integrity, and effectiveness of these products

• Asia Pacific dominated the regional segment in 2022 owing to the increased application of cold-form blister packaging solutions in the electronics and semiconductor and healthcare industries in countries such as China and India

• Several key companies are collaborating and adopting acquisition strategies to strengthen their market positions in the cold-form blister packaging market. For instance,in January 2023, Amcor plc announced the acquisition of MDK, a Shanghai-based medical device packaging manufacturer. This acquisition will help Amcor plc to strengthen its position in the cold form blister packaging solutions for the healthcare industry as well as its leading position in the Asian markets

Cold Form Blister Packaging Market Segmentation

Grand View Research has segmented the global cold form blister packaging market on the basis of material, application, and region:

Cold Form Blister Packaging Material Outlook (Revenue, USD Million, 2018 - 2030)

• Oriented Polyamide

• Aluminum

• Polyvinyl Chloride (PVC)

• Polypropylene (PP)

• Polyethylene (PE)

• Polyethylene Terephthalate (PET)

Cold Form Blister Packaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Healthcare

• Consumer Products

• Electronics & Semiconductors

• Food & Confectionery

• Others

Cold Form Blister Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• France

• UK

• Italy

• Spain

• Asia Pacific

• China

• India

• Japan

• Australia

• Central & South America

• Brazil

• Middle East & Africa

• Saudi Arabia

List of Key Players in the Cold Form Blister Packaging Market

• Amcor plc

• Constantia Flexibles

• Sonoco Products Company

• WINPAK LTD.

• Klöckner Pentaplast

• ACG

• Bilcare Limited

• Svam Toyal Packaging Industries Pvt. Ltd.

• Tekni-Plex, Inc.

• Essentra plc

• Ningbo Dragon Packaging Technology Co., Ltd.

• Rollprint Packaging Products, Inc.

• R-Pharm Germany GmbH

• Wasdell Group

• Shanghai Haishun New Pharmaceutical Packaging Ltd.