The blister packaging market size is projected to grow from USD 18.65 Billion in 2016 to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%. The global blister packaging market is witnessing demand, owing to the rise in manufacturing activities and growth in demand for conveniently packaged products. Growth in demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and South American regions.
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On the basis of key regions, the blister packaging market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North American region held the largest share among all the regions in 2014. This is mainly due to the rise in consumption of packed products, focus on reducing packaging waste, rise in healthcare awareness, and continuous innovation & technological developments in both pharmaceutical & medical industries, which are further transforming the healthcare packaging industry, thereby driving the growth of the blister packaging market.
The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), WestRock Company (U.S.), Sonoco Products Company (U.S.), Constantia Flexibles (U.S.), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (U.S.), Honeywell International (U.S.), Tekni-plex, Inc. (U.S.), Display Pack, Inc. (U.S.), and Pharma Pack, Inc. (U.S.). Companies have adopted strategies such as acquisitions, expansions, new product launches, and agreements & collaborations to cope with the increase in demand in the emerging markets.