October 2, 2018 - 6:13 AM EDT
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Blister Packaging Market in the US 2018-2022: The Cost Benefits of Blister Packaging is Driving Growth - ResearchAndMarkets.com

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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

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Related Topics: Pharmaceutical Packaging


Source: Business Wire (October 2, 2018 - 6:13 AM EDT)

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