Blister pack
The blister packaging market is experiencing significant growth, driven by the expanding pharmaceutical sector. It is predicted to reach a value of US$15 billion by 2028, with a compound annual growth rate (CAGR) of 5.13%. Currently valued at US$10.214 billion in 2021, the market is expected to grow to US$14.496 billion by 2028.
Blister packs are widely used in the pharmaceutical industry for packaging various types of medicines and drugs. This packaging solution offers several advantages, including protection against moisture, light, and oxygen, which helps to maintain the effectiveness and shelf life of the products. Additionally, blister packs provide tamper-evident packaging, ensuring the safety and integrity of the medicines.
The growing demand for blister packaging can be attributed to the increasing need for convenient and user-friendly packaging solutions. Blister packs are easy to handle and provide individualized dosing, making them ideal for over-the-counter medications and prescription drugs. Moreover, blister packs offer enhanced product visibility, allowing consumers to easily identify the contents of the package.
Overall, the blister packaging market is poised for significant growth in the coming years, driven by the pharmaceutical sector's expansion. With its numerous benefits and increasing consumer demand for convenient packaging solutions, blister packs are expected to play a crucial role in the packaging industry.