Blister Packaging Market in the US 2018-2022: The Cost Benefits of Blister Packaging is Driving Growth - ResearchAndMarkets.com
The "Blister
Packaging Market in the US 2018-2022" report has been added to ResearchAndMarkets.com's
offering.
The blister packaging market in the US is anticipated to grow at a CAGR
of 9.45% during the period 2018-2022.
Pharmaceutical manufacturers are increasingly outsourcing their
packaging operations to contract packagers. Outsourcing packaging to
contract packagers allow pharmaceutical companies to focus on their core
business. Contract packagers maintain detailed SOPs, follow good
manufacturing practices and offer services such as barcoding. Thus, the
growing demand for contract packaging will be a key trend driving the
blister packaging market in the US during the forecast period
According
to the report, one of the major drivers for this market is the cost
benefits of blister packaging. Packaging costs account for almost 11% of
the pharmaceutical products cost. Blister packaging being the most
economical among other forms of pharmaceutical packaging, makes it the
most popular packaging solution among pharmaceutical companies, thereby
enhancing the market growth in the US.
Further, the report
states that one of the major factors hindering the growth of this market
is the volatility of raw material prices used for manufacturing blister
packaging. Plastic films are made up of polymers which are derived from
crude oil and natural gas. Therefore, any fluctuations in oil and gas
prices has a negative impact on the profit margins of small vendors,
which in turn has a detrimental effect on the market growth in the US.
Market Trends
-
Emergence of Contract Packaging
-
Development of Convenient Blister Packs
-
Growing Demand for Sustainable Packaging
Key vendors
-
Amcor
-
Bemis
-
Sonoco Products Company
-
Winpak
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Components
8. Market Segmentation by Technology
9. Customer Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/3j6dlh/blister_packaging?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181002005465/en/
Copyright Business Wire 2018
Source: Business Wire
(October 2, 2018 - 6:13 AM EDT)
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