The rising demand from the pharmaceutical industry is expected to drive the blister packaging market growth

Blister Packaging Procurement Intelligence

Blister packaging procurement has gained an impetus with efforts on sustainability, technology innovation and product safety becoming pronounced. The global market size stood at USD 28.7 billion in 2023. Asia Pacific accounts for the largest share of the industry. Manufacturers are focusing on producing blister packaging using eco-friendly plastics. For instance, in 2021, Amcor announced customer trials of its first recyclable polyethylene-based thermoform blister packaging, AmSky, which is an alternative for PVC in blister packaging. AmSky reduces its carbon footprint by 70% compared to PVC. 

This packaging solution is frequently employed for tamper-evident purposes as it offers a securely sealed and transparent container for products, enabling consumers to detect any signs of tampering or opening. It also presents a challenge for substituting the product with counterfeits or harmful substances without breaking the seal, thereby offering an extra level of safety for consumers.

Companies are continuously focusing on adopting several strategies, such as partnerships, new product launches, expansions, and partnership agreements to increase consumer reach and sustain in the market.

• In October 2022, Tekniflex announced the launch of its fully transparent recyclable mid-barrier blister package. The mid-barrier blister would consist of barrier PP lidding film and polyolefin blister film.

• In March 2022, Astellas launched the first plant-based packaging to tackle climate change and reduce environmental impact. The company used bioplastic made from sugarcane that is carbon neutral to make blister packs.

The cold-forming blister packaging technique involves the utilization of thin laminate film sheets that incorporate aluminum. To produce blister packs using cold forming, a stamp is usually employed by the blister machine to exert pressure on the sheets, shaping them into the desired form. This process allows the aluminum-infused film to stretch and maintain the molded shape once the stamp is no longer in contact. The cold-form packaging technique is frequently employed in pharmaceutical packaging due to the aluminum-based film's ability to prevent moisture from penetrating the packaging.

Request a free sample copy or view report summary: Blister Packaging Procurement Intelligence Report

Blister Packaging Sourcing Intelligence Highlights

• Suppliers of raw materials, such as plastic films and foils, may have some leverage if they possess unique materials or have limited competition. However, multiple suppliers are usually available, and switching costs for buyers are relatively low. This helps to balance the power between suppliers and manufacturers.

• The major raw material components are forming film, lidding material, heat seal coating, and printing inks form. They account for more than 60% of the total cost.

• Most manufacturers offer customized packaging solutions depending on the requirements of the customers.

• The market can be described as ‘highly fragmented’ with several active suppliers and buyers. Long-term supplier-buyer relationships are recommended for better value creation.

Blister Packaging Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Market Intelligence, along with emerging technology and the regulatory landscape

• Market estimates and forecasts from 2024 to 2030

• Growth opportunities, trends, and driver analysis

• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments

• Porter’s 5 forces

• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis

• Engagement and operating models, KPI, and SLA elements

• LCC/BCC analysis and negotiation strategies

• Peer benchmarking and product analysis

• Market report in PDF, Excel, PPT, and online dashboard versions

Cost Intelligence Highlights

As part of the blister packaging procurement intelligence report, Grand View Research has identified the following key cost components:

• Raw Materials

  • Forming Films

  • Lidding Materials

  • Heat Seal Coating

  • Printing Inks

  • Others

• Fixed Costs

• R&D

• SG&A

• Labor

• Depreciation

• Interest

• Tax

• Profit

• Others

Raw material, R&D, labor, and SG&A form the largest cost components of blister packaging.

Blister Packaging - Key Suppliers

• Amcor plc

• Westrock Company

• Blisterpak Inc.

• Sonoco Products Company

• Honeywell International Inc.

• Klockner Pentaplast

• Dow

• Constantia Flexibles

• UFlex Limited

• ACG