The global blister packaging market size is estimated at USD 24.1 billion in 2020 and is projected to reach USD 34.1 billion by 2025, at a CAGR of 7.2%, between 2020 and 2025. Blister packaging is a transparent, portable packaging material, with a flat base and raised cover of plastic, which is tamper-evident and resistant to moisture, protecting the product from damage. The product to be packed is attached to the base substrate, which could be paperboard, rigid plastic, or aluminum foil. A molded, transparent plastic film is sealed to the base substrate through the heat-sealing process. The transparent plastic film offers high visibility of the product.
The key players in the blister packaging market are as Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US). The blister packaging market report analyzes the key growth strategies adopted by the leading market players, between 2015 and 2020, which include expansions, merger & acquisition, new product developments, and collaborations.
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Amcor Plc (Switzerland) was formerly known as Australian Paper Manufacturers (APM) and it changed its name to Amcor Plc in May 1986. Amcor Plc is a global packaging manufacturer that offers innovative packaging solutions. It offers plastic, packaging film, metal, and glass packaging for several industries such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. Amcor Plc is currently focusing on reducing the packaging footprint by making the packaging lighter, increasing recycling of raw materials, developing efficient transport packaging and re-closable packaging, and creating packaging sustainable to heat treatment. The key strategy of Amcor Plc is the focus on geographic expansion through the acquisition of various packaging units in different regions for various segments such as food, beverages, and pharmaceutical. The company has operations in 43 countries in Europe, North America, and emerging countries such as India and China with more than 180 operating sites.
In September 2020, The company developed first recyclable retort flexible packaging with improved environmental footprint of packaging to 60% (approximately). This will allow recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.
Dow (US) combines science and technology to develop innovative solutions. It operates through three business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.The company deals with the supply of raw materials to manufacturers. It caters to the paints & coatings, advanced materials, agro sciences, feed stocks, and energy & plastics industries. It also serves other industries such as building & construction, electronics, automotive, furniture, and housewares. Dow’s diversified portfolio of specialty chemical, advanced materials, agrosciences, and plastics businesses deliver a broad range of technology-based products and solutions to customers in various countries and in high growth sectors such as packaging, electronics, water, coatings and agriculture. The diversified product portfolio results in the different revenue streams as well.
It operates in over 180 countries and is one of the biggest chemical companies in the world in terms of revenue. The company manufactures more than 5,000 products across 214 sites in 37 countries, globally. It faces competition from Amcor Plc (Switzerland).
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