DUBLIN--(BUSINESS WIRE )--The "Global Cold Form Blister Packaging Market Size, Share & Trends Analysis Report by Material (Oriented-polyamide, Aluminum, PVC, PP, PE, PET), Application (Healthcare, Electronics & Semiconductors), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global cold form blister packaging market size is expected to reach USD 5.69 billion by 2028, according to the report. It is expected to expand at a CAGR of 6.5% from 2021 to 2028.
The market is anticipated to be driven by the growing end-use industries including healthcare, electronics and semiconductors, consumer goods, food and confectionery, and industrial products, particularly in Asia Pacific.
The continuously increasing population, the increasing per capita income levels, and awareness regarding more efficient packaging solutions are projected to drive the demand for better healthcare solutions. The rising adoption of health insurance, coupled with the increasing personal health expenditure, has triggered the market growth.
The aluminum material segment accounted for the largest revenue share of over 40.0% in 2020. Aluminum foil is used in cold-form blister packaging because of its wide range of mechanical properties. Aluminum packs are used for diagnostic products, light-sensitive formulation, and ointments where total barrier performance is required.
As product counterfeiting has become an increasingly serious issue, holographic effects are now being used on more and more aluminum foil cold form packs. Customers' preference is increasing for packaging materials that offer longer shelf life, are impermeable to water vapor, oxygen, and light, aid in storing packaged products for prolonged periods, and help in maintaining freshness.
The electronics and semiconductors application segment is likely to witness the fastest growth over the forecast period. Electronics and semiconductors are expected to witness remarkable penetration on account of the increasing demand for electronic devices by customers.
The rapidly increasing demand for memory cards, electronic batteries, USD drives, and mobile accessories among others are projected to support the segment growth. The growing semiconductor industry is projected to have a positive influence on cold form blister packaging demand in this application segment.
Cold Form Blister Packaging Market Report Highlights
Chapter 3. Market Variables, Trends, and Scope
3.1.1 Parent Market Outlook: Blister Packaging Market
3.1.2 Related/Ancillary Market Outlook: Thermoform Blister Packaging market
3.2 Penetration and Growth Prospect Mapping
3.9 Cold Form Blister Packaging Market - Market Dynamics
3.10 Business Environment Analysis: Cold Form Blister Packaging Market
Chapter 4. Cold Form Blister Packaging Market: Material Estimates & Trend Analysis
Chapter 5. Cold Form Blister Packaging Market: Application Estimates & Trend Analysis
Chapter 6. Cold Form Blister Packaging Market: Regional Estimates & Trend Analysis
Chapter 7. Cold Form Blister Packaging Market - Competitive Analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900