Cold Form Blister Packaging Market Size, Share, Trends, Growth 2030

Cold Form Blister Packaging Industry Prospective:

The global cold form blister packaging market size was worth around USD 3.6 billion in 2021 and is predicted to grow to around USD 6.7 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.0% between 2022 and 2030.

The report analyzes the global cold form blister packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cold form blister packaging market.  

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Cold Form Blister Packaging Market: Overview

Aluminum-containing laminate film in the shape of thin sheets is used in the cold forming blister packing technique. Cold forming employs a stamp to push the sheets into a form, which enables the aluminum-based film to stretch and hold the mold shape after the stamp is withdrawn to produce blister packs. Pharmaceuticals are frequently packaged using the cold form blister packaging method because the aluminum-based film prevents moisture from entering the packing.

Key Insights

• As per the analysis shared by our research analyst, the global cold form blister packaging market is estimated to grow annually at a CAGR of around 7.0% over the forecast period (2022-2030).
• In terms of revenue, the global cold form blister packaging market size was valued at around USD 3.6 billion in 2021 and is projected to reach USD 6.7 billion, by 2030.
• Cold form blister packaging stands out for its complete barrier against water vapor, gases, and light, excellent thermo-formability, high level of thermal stability, and high malleability for deep drawing blister cavities. It is also effective at preventing counterfeit packaging and can be sealed with regular aluminum foil. The need for cold form blister packaging is primarily driven by these characteristics.
• Based on the material, the aluminum segment held the largest market share in 2021.
• Based on the application, the healthcare segment accounted for the largest revenue share in 2021.
• Based on region, the Asia Pacific region is expected to dominate the market during the forecast period.

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Cold Form Blister Packaging Market: Growth Drivers

Growing demand for cold blister packaging in various industries along with its cost-effectiveness to drive the market

When compared to alternative packaging types, such as rigid bottles, cold blister packaging uses fewer resources for packaging, takes up less space on retail shelves, and provides a great hang-hook display, which results in lower costs. The need for cold blister packaging in the pharmaceutical business has increased as a result of the growing demand for practical and tamper-proof packaging. The global cold blister packaging market is expanding as a result of rising demand from end-use sectors such as food, industrial goods, healthcare, and consumer goods.

Cold Form Blister Packaging Market: Restraints

The packaging of heavy products is not best accomplished in cold blister packaging

Blister packaging is generally used to protect lightweight things and is not the best option for the packing of heavier items. Heavy items will put more pressure on the plastic film or paperboard that supports them during packing. This could lead to package damage while handling, storing, and shipping the product, which would increase costs and result in product loss. In addition, it is not recommended to utilize blister packing for expensive and fragile products because it could cause the product to crack or be damaged, costing the producer money. The market for cold blister packaging may see growth difficulties as a result of this scenario.

Cold Form Blister Packaging Market: Opportunities

Increasing demand from food industries is expected to provide an opportunity for the market expansion

Cold blister packing is most frequently used in the food business. Retailers can package a wide range of fresh foods, including fruit, meat, bakery goods, candies, ice cream, etc., in highly practical blister packs. Food is protected from harm during handling and transportation by blisters in addition to displaying the goods well.

Blisters also have good product protection qualities and are lighter than materials like glass or metal. Even for packing relatively modest products, blisters are inexpensive and make it simple to adhere to tight hygiene requirements. Blisters are frequently used as the interior of luxury boxes for packaging chocolate. Therefore, the increasing demand for cold form blister packaging from food industries provides a lucrative opportunity for global cold form blister packaging market expansion.

Cold Form Blister Packaging Market: Challenges

Strict regulation for blister packaging act as a major challenge for the market growth

The blister packaging market may face difficulties if strict regulations are implemented, particularly in the healthcare sector. Compliance with standards is required since even a little packaging flaw could cause harm to the product and negatively affect the manufacturer's bottom line. The Food and Drug Administration (FDA) mandates that each blister cell's label include the manufacturer's name, the trademarked and established name, the strength, the expiration date, and a bar code. Meeting the requirements of such regulations requires work, expense, time, and resources, which is difficult and could impede the market's expansion for cold blister packing.

Cold Form Blister Packaging Market: Segmentation

The global cold form blister packaging market is segmented based on material, application, and region

Based on material, the global market is bifurcated into oriented polyamide, aluminum, polyvinyl chloride, polypropylene, PE, and PET. The aluminum segment held the largest market share in 2021 at over 40% and is expected to dominate the market during the forecast period. Dry bond lamination is used to sandwich the aluminum foil between the PVC and Nylon layers. Utilizing aluminum foil protects food from moisture, oxygen, and light, extending the shelf life of the item until its expiration date.

The healthcare industry contributes the largest portion of aluminum material's revenue share. The growing demand for medications to treat illnesses brought on by such behaviors is being supported by the rising prevalence of chronic diseases as a result of the changing lifestyles of the population, stressful work-life schedules, sedentary lives, and bad eating habits. Six out of ten Americans, according to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), have at least one chronic illness, such as diabetes, cancer, or heart disease. The nation's annual healthcare costs are USD 3.8 trillion as a result of this. Thus, driving the segmental growth over the forecast period.

Based on the application, the global cold form blister packaging is categorized into healthcare, consumer products, electronics & semiconductors, food & confectionery, and others. The healthcare segment accounted for the largest revenue share in 2021 and is expected to show its dominance during the forecast period. Drug packaging for oral administration, such as tablets, capsules, and inhaler medicine, is included in the healthcare segment. Aluminum is the most often utilized material for cold form blister packing in the healthcare industry.

Since aluminum foil has such a diverse range of mechanical qualities, it is frequently utilized in cold-form blister packaging. Cold form foils have an easy-to-use "push-through" feature and are made of a preformed plastic tray with an aluminum foil closure. The aqueous medications are placed in cold-formed trays, which are then freeze-dried into individual tablets with compartmentalized shapes resembling airfoils. Thus, influencing the segmental growth during the forecast period.

Recent Developments:

• In April 2021, Bostik, a leading international expert in adhesives for the commercial, industrial, and consumer markets, introduced HERBERTSTM EPS 8760/KN75, a high-performance, intelligent adhesive that has been created to enhance the process automation of cold forming blister packaging for the pharmaceutical industry. To preserve the potency of the active substances, pharmaceutical items must adhere to strict cleanliness and safety requirements because any deviations from these norms could have detrimental effects on the customer. Local drug safety regulations are met by HERBERTSTM EPS 8760/KN75. For nylon, aluminum, and PVC (NY/AL/PVC), HERBERTSTM EPS 8760/KN75 offers a consistent bonding strength and superior deep drawing ability to deliver good long-term delamination resistance and retention of packaging structure even after prolonged durations. This leads to effective quality and process handling control, as well as maximized production speed and reliability. HERBERTS™ EPS 8760/KN75 can be utilized on unit-dose packaging for pharmaceutical tablets, capsules, or lozenges, presenting excellent clarity and clean optical appearance compared to existing market solutions.
• In April 2021, a contract packaging service has been introduced by Sepha, a company that specializes in pharmaceutical packaging and equipment, to fulfill the growing need for small batch production. Sepha's new contract packaging service is geared toward the pharmaceutical, nutraceutical, and medical device industries and focuses on offering blister and medical device packs in quick turnarounds in limited volume runs at reasonable prices. Customers can take advantage of prompt and adaptable manufacture of packs for testing, research, and sampling, regardless of the availability of bigger blister pack lines.

Cold Form Blister Packaging Market Report Scope:

Cold Form Blister Packaging Market: Regional Analysis

The Asia Pacific region is expected to dominate the market during the forecast period

The Asia Pacific region accounted for the highest global cold form blister packaging market share of over 30% in 2021 and is expected to continue this pattern during the forecast period. In the Asia Pacific region, China holds the largest market share because of the availability of raw materials like aluminum and PVC. For instance, China produced 36 million tons of Aluminum in 2019, followed by India, Russia, and Canada, according to a report from the Government of Canada. Moreover, the presence of prominent key players such as Shanghai Haishun New Pharmaceutical Packaging Ltd. and Ningbo Dragon Packaging Technology Co., Ltd. Propel the market growth in the region. In addition, contract manufacturing is becoming more common in developing nations like China and India, which is boosting the country's market expansion.

The stated reason for contracting out packaging work to outside businesses is the rising global need for pharmaceutical packaging. Due to the simple access to labor at reduced rates in developing nations, drug manufacturers are seeking such service providers there. Furthermore, the growing prevalence of the chronic disease is one of the significant factors that propel the market expansion over the forecast period. For instance, according to a study presented at the Cardiological Society of India's (CSI) 70th Annual Conference in 2018, one in five young individuals in India had high blood pressure (BP), which is almost as many as the population of the United Kingdom. Around 180,000 Indian adults' blood pressure readings were taken during the study. Among them, 89,210 people who were between the ages of 18 and 39 were the focus of the research. Thus, the aforementioned facts support the market expansion during the forecast period.

Besides, the North American cold blister packaging industry is anticipated to grow quickly in terms of revenue over the projected period. The healthcare and cosmetics industries are expanding as a result of the region's rapid industrialization, which is being supported by local governments seeking to advance their economies. Furthermore, the cold blister packaging market in North America is growing in terms of revenue as a result of a growing population and a rising tendency among residents of the area to spend more on their personal care and healthcare. For instance, according to The National Health Expenditure Account (NHEA), spending on health care in the United States increased by 2.7 percent in 2021 to $4.3 trillion, or $12,914 per person. Spending on healthcare accounted for 18.3 percent of the country's GDP.

Cold Form Blister Packaging Market: Competitive Analysis

The global cold form blister packaging market is dominated by players like:

• Bemis Company Inc.
• Amcor plc
• CONSTANTIA
• Winpak Ltd.
• Bilcare Research
• Uflex Limited
• Svam Toyal Packaging Industries Pvt. Ltd.
• Tekni-Plex
• Ningbo Dragon Packaging Technology Co Ltd
• Essentra plc
• Rollprint.
• Wasdell Packaging Group
• Haishun New Pharmaceutical Packaging Ltd.
• Flexi Pack.
• Accupack
• WISESORBENT TECHNOLOGY LLC
• Aphena Pharma Solutions
• Nuplas Industries.
• ROPACK INC 
• Green Pack Foils Pvt. Ltd

The global cold form blister packaging market is segmented as follows:

By Material

• Oriented Polyamide
• Aluminum
• Polyvinyl Chloride
• Polypropylene
• PE
• PET

By Application

• Healthcare
• Consumer Products
• Electronics & Semiconductors
• Food & Confectionery
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa