Blister Packaging Market

The Growth of Blister Packaging Was Largely Influenced by Acquisitions, Expansions, New Product Launches, and Agreements & Collaborations in the Past Five Years

The blister packaging market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as cost-effectiveness and growth in demand for food packaging products have largely contributed to the growth of the blister packaging market. The blister packaging market is classified on the basis of technology, type, material, end-use sector, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for blister packaging, in terms of value, is projected to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%.

The growth of blister packaging was largely influenced by acquisitions, expansions, new product launches, and agreements & collaborations in the past five years. The years 2011–2016 experienced a large number of acquisitions adopted by top players in the market. Expansions also formed an essential part of their strategies, which led to the flow of considerable income within the company. New product launches and agreements & collaborations also formed an essential part of their strategies, which led to their growth in emerging markets. The major players include companies such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), WestRock Company (U.S.), and Sonoco Products Company (U.S.). The other prominent players in the market include Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), Tekni-Plex, Inc. (U.S.), Pharma Packaging Solutions (U.S.), and Display Pack, Inc. (U.S.).

Amcor Limited (Australia) held the leading position in the global blister packaging market in 2015. The company has maintained its leadership position through its strong distribution network across

Asia-Pacific, Europe, the Americas, and emerging markets. Amcor Limited is among the leading manufacturers of blister packaging for many of the markets it serves. It has adopted acquisition as its key strategy to capture the market. In October 2015, Amcor’s Rigid Plastics Business Group acquired Encon’s (U.S.) preform manufacturing business for USD 55 million. The acquisition strengthened the company’s position in the U.S. and enhanced the overall product portfolio in a variety of segments such as food & beverages and household.

Bemis Company, Inc. (U.S.) is a global provider of flexible packaging solutions. The company innovates and offers blister packaging solutions for various applications. Bemis Company adopted acquisitions as its key strategy to gain a competitive advantage in the market. In December 2015, Bemis Company acquired Emplal Participações S.A. (Brazil), a manufacturer of rigid plastics for food and consumption applications. The acquisition enhanced the company’s position in Latin America and strengthened its product portfolio.

Related Reports:

Blister Packaging Market by Material (Paper & Paperboard, Plastic, Aluminum), Type (Carded, Clamshell), Technology (Thermoforming, Cold Forming), End-use Sector (Healthcare, Consumer, Industrial Goods), and Region - Global Forecast to 2022

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Report Code
PK 4052
Published ON
Apr, 2017
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