GVR Report cover Cold Form Blister Packaging Market Size, Share & Trends Report

Cold Form Blister Packaging Market Size, Share & Trends Analysis Report By Material (Oriented-polyamide, Aluminum, PVC, PP, PE, PET), By Application (Healthcare, Electronics & Semiconductors), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-141-2
  • Number of Pages: 120
  • Format: Electronic (PDF)

Cold Form Blister Packaging Market Trends

The global cold form blister packaging market size was estimated at USD 3.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This is attributed to the exceptional properties of this packaging solution such as easy sealing and a complete barrier against oxygen, water, light, and moisture. Cold-form blister packaging is performed on cold-forming foil and the usage of the cold-forming technique prevents the use of any kind of heat applications on the packaging. They find major applications in the primary packaging of pharmaceuticals, including tablets and capsules.

U.S. Cold Form Blister Packaging Market size and growth rate, 2023 - 2030

The market for cold-form blister packaging is growing in the U.S. owing to increased application in the healthcare industries. Moreover, several government regulations in the country are driving market growth for cold-form blister packaging solutions. For instance, in the U.S. the Food and Drug Administration (FDA) has set regulations for healthcare products such as OTC drugs to be packed in tamper-evident packaging under the Tamper Evident Packaging (TEP) Act which drives the demand for blister packaging solutions in the healthcare industry.

In addition, the complex healthcare system in the country is giving rise to cold-form blister packaging solutions. As the U.S. healthcare system has the involvement of various intermediaries in the distribution and reimbursement of prescription drugs, there is a requirement for packaging solutions that are both efficient and secure. This further gives rise to the cold form blister packaging which is gaining popularity among healthcare companies due to its ability to protect the product and provide convenient dispensing of unit doses. For instance, Aptar, a U.S.-based pharmaceutical packaging company offers Active-Blister pharmaceutical packaging solution which has been approved by the U.S. FDA for its application in HIV prevention capsules.

Furthermore, higher per capita spending on prescription or generic drugs in the U.S. compared to other countries such as UK, Germany, Australia, and others has an indirect impact on the market growth of the cold form blister packaging industry. Higher consumer spending on these drugs leads to a higher volume of blister packs required to meet the market demand. This drives market growth as healthcare companies and packaging manufacturers strive to meet the packaging needs of the industry to package solid unit dose medications, including tablets, pills, and capsules.

Material Insights

The aluminum segment held the highest market share of over 42.0% in 2022 due to its unique characteristics such as acting as an effective barrier, preventing contamination, and extending the shelf life of the products by preventing oxygen and moisture ingress. Based on material, the cold-form blister packaging market is further segmented into oriented polyamide, aluminum, Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene (PE), and Polyethylene Terephthalate (PET). In addition, it helps in maintaining the stability and effectiveness of healthcare products such as OTC drugs, capsules, and others, ensuring that they remain viable for a longer period of time which further drives the market growth for this segment.

The PVC is expected to expand at a fast CAGR during the forecast period due to its cost-effectiveness and high visibility properties. PVC as compared to other materials is an attractive alternative for cold-form blister packaging solutions, especially for products with lower prices or where cost optimization is a significant consideration. In addition, these films offer excellent visibility properties which is essential for products where the visual appeal or identification of the contents is significant such as oral drugs which further drives the market growth for this segment.

The PET is used in cold form blister packaging due to its lightweight, durable, and recyclable properties. The increased emphasis and growing consumer demand for sustainability across the globe is driving the demand for eco-friendly packaging solutions. Cold-form blister packaging made from PET materials is sustainable and recyclable in nature contributing to a circular economy, which aligns with the growing sustainability initiatives in various industries such as healthcare, consumer products, and other packaging industries.

Application Insights

Among these, the healthcare application segment recorded the largest market share in 2022. Based on application, the market is further segmented into healthcare, consumer products, electronics and semiconductors, food and confectionary, and others. This is attributed to the combination of aluminum and plastic film materials which are used in cold-forming blister packaging offering a higher level of product protection compared to thermoformed plastics by creating a tighter seal around the product that offers better resistance against physical damage, contamination, and tampering, ensuring the safety and efficacy of the product.

The cold-form blister packaging market is driven by several regulatory compliances. For instance, in the U.S., the Consumer Product Safety Commission (CPSC) has set regulatory standards for child-resistant packing under the Poison Prevention Packaging Act (PPPA) wherein the OTC drugs and prescription drugs are required in such a packaging that it is difficult for children to open such as cold form blister packaging solutions.

Global Cold Form Blister Packaging Market share and size, 2022

The consumer goods application segment is anticipated to grow over the forecast period owing to its increased demand for various products such as bar soaps, lipsticks, shower gels, toothbrushes, and others where consumers are required to see through the products and their information. The use of transparent plastic film materials in cold-form blister packing offers excellent product visibility which allows consumers to see the product inside. This transparency enhances the appearance of the packaging, making the products more visually appealing on store shelves and attracting consumer attention.

The electronics and semiconductors application segment accounted for a significant market share in 2022 due to its customization and flexibility properties to accommodate different types of electronic devices or components according to their dimensions and specific requirements. Electrostatic Discharge (ESD) is a significant aspect in the electronics and semiconductor industries, as it can cause damage to sensitive electronics. Cold-form blister packaging solutions are designed to provide ESD protection by utilizing an anti-static coating and treatment to the product packaging. This ensures that the products are safely protected from static electricity, reducing the risk of physical damage during shipping and warehousing.

Regional Insights

Asia Pacific dominated the cold form blister packaging market in 2022 and accounted for a market share of over 32.0%. It is also the fastest growing region in 2022, owing to the growing pharmaceutical and healthcare industries in the region. The growth of retail pharmacies and e-commerce platforms has also further contributed to the demand for cold form blister packaging in the region. Retail pharmacies prefer these cold form blister packs due to their space efficiency, easy handling, and ability to display the product and its information on the transparent packaging. E-commerce platforms such as Amazon prioritizes blister packaging as it offers secure and compact packaging solutions for shipping healthcare products which further drives the market growth in the region.

China held the largest market share in Asia Pacific owing to the abundant availability of raw materials such as PVC and aluminum for cold-form blister packaging solutions. In addition, the market is driven by the growing trend of contract manufacturing owing to the cost-effectiveness and supply chain efficiency in the country. Contract manufacturing in China allows companies to lower their manufacturing costs while maintaining the quality standards of the products. Cold form blister packaging solution, being a cost-efficient packaging solution, aligns well with contract manufacturing strategies, as it offers good value for money to the products. Moreover, a well-established supply chain network, enabling efficient sourcing of raw materials and components required to produce cold-form blister packaging solutions is further driving the market growth in the country.

Cold Form Blister Packaging MarketTrends by Region, 2023 - 2030

North America is a hub for computer hardware and accessories, including components, peripherals, and networking devices owing to the presence of several well-established electronic companies in the region such as Apple Inc, Microsoft, and others. Cold-form blister packaging is widely adopted in this sector to protect fragile and sensitive electronic components during shipping and warehousing. The cold-form blister packaging provides cushioning, prevents moisture ingress, and reduces the risk of damage during handling and transportation.

The U.S. held the largest market share in North America in 2022 owing to the presence of several healthcare companies and medical device manufacturers such as Pfizer Inc., Johnson & Johnson, and others which have adapted to the cold form blister packaging solutions. For instance, Johnson & Johnson’s Tylenol caplets are packed with cold-form blister packaging solutions made from a combination of plastic films and aluminum layers protection against moisture, light, and any physical damage to the product.

Europe accounted for a significant market share in 2022 due to the growing healthcare industry in the region. The growing emphasis on child-resistant packaging and increased demand for unit-dose packaging offered by cold-form blister packaging solutions is driving market growth across the region. Moreover, the shift in consumer preference for sustainable packaging solutions in the healthcare industry is driving the demand for sustainable cold-form blister packaging solutions made with recyclable PET materials aligning with the region’s sustainability goals.

Key Companies & Market Share Insights

Key companies resort to multiple mergers and acquisitions in a bid to gain market share in a particular region. In some cases, the companies build technological collaborations to produce an advanced product with superior performance characteristics to increase revenue. For instance, in April 2023, Amcor plc announced a collaboration with Tyson Foods, Inc., a global food company to develop and design cost-effective cold-form blister packaging solutions for food products. Some of the prominent players in the global cold form blister packaging market include:

  • Amcor plc

  • Constantia Flexibles

  • Sonoco Products Company

  • WINPAK LTD.

  • SteriPackGroup

  • 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.

Cold Form Blister Packaging Market Report Scope

Report Attribute

Details

Market size value in 2023

USD  4.11 billion

Revenue forecast in 2030

USD 6.46 billion

Growth rate

CAGR of 6.7% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated

May 2023

Quantitative units

Revenue in USD million/billion, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; UK; Germany; France; Spain; Italy; China; Japan; India; Australia; Brazil; Saudi Arabia

Key companies profiled

Amcor plc; Constantia Flexibles; Sonoco Products Company; WINPAK LTD.; SteriPackGroup; 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.

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Cold Form Blister Packaging Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global cold form blister packaging market report on the basis of material, application, and region:

Global Cold Form Blister Packaging Market Report Segmentation

  • Material Outlook (Revenue, USD Million, 2018 - 2030)

    • Oriented polyamide

    • Aluminum

    • Polyvinyl Chloride (PVC)

    • Polypropylene (PP)

    • Polyethylene (PE)

    • Polyethylene Terephthalate (PET)

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Healthcare

    • Consumer Products

    • Electronics & Semiconductors

    • Food & Confectionery

    • Others

  • 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

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