Blister Packaging Market in the US 2018-2022|Growth Analysis and Forecast| Technavio
LONDON--(BUSINESS WIRE)--Oct 2, 2018--’s blister packaging market research report forecasts the market in the US to grow at a CAGR of over 9% during the forecast period.
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Technavio has published a new market research report on the blister packaging market in the US for the period 2018-2022 (Graphic: Business Wire)
The development of convenient blister packs will be one of the major trends in the during 2018-2022. smart blister packaging technologies have been emerging across the US because of the growing consumer requirements for convenient packaging and reduction of medicine counterfeiting. These smart technologies have been providing several advantages such as easy usage for the old age population.
According to Technavio analysts, one of the key drivers for the blister packaging market in the US will be the cost benefits offered by blister packaging:
Blister packaging market in the US: Cost benefits of blister packaging
The pharmaceutical products are commonly packed in glass bottles, plastic bottles, and blister pack. The cost of packaging has a significant impact on the profitability of pharmaceutical manufacturers. In the case of pharmaceutical products, the packaging is estimated to account for around 11% of the total production cost.
According to a senior analyst at Technavio for research on packaging, “Blister packaging is predicted to be the most economical packaging method throughout the supply chain of a pharmaceutical product. The supply chain includes the packaging line operation, shipping, distribution, pharmaceutical inventory, and dispensing. Additionally, blister packaging is more sustainable as it creates less landfill when compared with glass and plastic bottle manufacturing.”
Blister packaging market in the US: Segmentation analysis
This blister packaging market analysis report segments the market in the US by components (forming film and lidding material) and by technology (thermoforming and cold forming). This blister packaging market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major technology segments, the thermoforming segment held the highest blister packaging market share in the US in 2017, contributing to around 52% of the market. This technology segment will dominate the market throughout the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Technavio Research
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PUB: 10/02/2018 12:28 PM/DISC: 10/02/2018 12:28 PM