Cold Form Blister Packaging Gaining Traction in Pharmaceutical Industry to Protect Medicines from Harmful External Influences

Rockville, July 04, 2023 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, reveals that at present, the Cold Form Blister Packaging Market is valued at US$ 1 billion and is forecasted to progress at a CAGR of 6% from 2022 to 2032.

The market for cold form blister packaging is rapidly expanding due to increasing investments in the healthcare sector. The growth in medical facilities and the introduction of several healthcare initiatives by governments all over the world are driving the demand for cold form blister packaging. Demand for packaging materials that provide the best protection and safety while extending product shelf life is anticipated to increase over the coming years.

For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7824

The pharmaceutical industry's increasing packaging requirements and the high demand for cold-forming packs due to excellent product features are some of the factors boosting market expansion. Cold form blister packs, which are highly used for the packaging of consumer goods, groceries, and medications, are products that are sealed in a cavity with a paper backing, aluminum, or film.

Demand for products made using cold-form foil packaging has increased as a result of rising disposable income, improved healthcare facilities, and government-backed measures to promote healthcare programs. It is anticipated that ongoing research and development in packaging foils will boost market expansion throughout the projection period.

Key Takeaways from Market Study

• The global cold form blister packaging market is set to reach US$ 1.8 billion by 2032.
• Market in Canada is projected to progress at a CAGR of 5% over the forecast period (2022-2032).
• The polyvinyl chloride segment is anticipated to rise at a CAGR of 5.8% from 2022 to 2032.
• Market in Germany is set to evolve at a CAGR of 4.5% through 2032.

“Cold form blister packaging of pharmaceutical products supports adequate insulation of medications from the outside environment and also offers high levels of protection, in addition to cost-effectiveness and ease of handling,” says a Fact.MR analyst

Competitive Landscape

Major players are improving their cold form blister packaging options to satisfy the shifting client demand. To ensure the safety of the packaged goods and their extended shelf life, players are concentrating on packaging performance.

For instance,

• Amcor Limited disclosed plans to invest in boosting its packaging features in Ireland. With the investment, the company's position in sterile packaging solutions is anticipated to increase.
  

Key Companies Profiled

• Essentra plc
• Amcor plc
• Bilcare Limited
• PAXXUS
• Ropack Inc.
• Tekni-Plex, Inc.
• Wasdell Packaging Group
• Winpak Ltd.
• Constantia Flexibles Group GmbH
• Flexi Pack Limited
• Green Pack Foils Pvt. Ltd.
• Nuplas Industries Limited
• Aphena Pharma Solutions, Inc.
• Wisesorbent Technology LLC

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7824

Winning Strategy

To maximize their profit margins and the safety of packed products, key companies are modernizing their packaging techniques and utilizing sophisticated equipment and materials. Due to the rising product demand across numerous industry verticals, top market players have been working to improve the quality of their products. The increasing attention of businesses on market development is a result of the expanding applications. Major companies offer customized products to meet customer requirements.

For instance,

• Sonoco Products Company announced an all-paper retail blister package as an excellent environmentally friendly replacement for thermoformed plastic blister packaging.
  

Key Segments in Cold Form Blister Packaging Industry Research

• By Material:
  • Aluminum
  • Polyvinyl Chloride
  • Polypropylene
  • Oriented-polyamide
  • Others
• By Application:
  • Pharmaceuticals
  • Consumer Products
  • Electronics & Semiconductors
  • Food & Confectionery
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

For In-depth Competitive Analysis, Buy Now:
https://www.factmr.com/checkout/7824

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global cold form blister packaging market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of material (aluminum, polyvinyl chloride, polypropylene, oriented-polyamide, others) and application (pharmaceuticals, consumer products, electronics & semiconductors, food & confectionery, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Check Out More Related Studies Published by Fact.MR Research:

Blister and Other High Visibility Packaging Market: The global blister and other high visibility packaging market is estimated to expand at a CAGR of 6.6% and reach a valuation of US$ 95 billion by 2033, up from US$ 50 billion in 2023.

Liquid Blister Pack Market: Rising prevalence of diseases and changing lifestyle have resulted in the increased demand for medicines, which, in turn, will work in the favor of global liquid blister pack market in the upcoming years.

Europe Biodegradable Packaging Market: The European biodegradable packaging materials market is estimated at USD 2.94 Billion in 2022 and is forecast to surpass USD 5.5 Billion by 2032, growing at a CAGR of 6.4% from 2022 to 2032.

Rigid Bulk Packaging Market: Worldwide demand for rigid bulk packaging is projected to increase at a CAGR of 4.6% from 2022 to 2032. In 2022, the global rigid bulk packaging market is valued at US$ 8 billion and is estimated to reach a market size of US$ 12.5 billion by 2032.

Produce Packaging Trays Market: Worldwide sales of produce packaging trays are expected to evolve at a CAGR of 4.5% from 2023 to 2033. Presently, the global produce packaging trays market is valued at US$ 3 billion and is projected to reach a market size of US$ 4.7 billion by 2033.

About Us:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Author: Mr. Yash Pathak
Email : yash@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.