The global blister and other high-visibility packaging market is projected to witness a remarkable growth rate, with a Compound Annual Growth Rate (CAGR) of 6.6%. By the year 2033, this market is expected to attain a valuation of US$ 95 billion, reflecting substantial growth from its 2023 valuation of US$ 50 billion.
Blister packaging, characterized by its transparent and portable design, serves as a protective shield for products, rendering them resilient against damage, moisture, and tampering. This packaging format typically comprises a flat base, which can be crafted from hard plastic, paperboard, or aluminum foil, intricately connected to the item slated for packaging. The base substrate is then affixed with a molded, transparent plastic sheet through the application of heat-sealing techniques. This transparent plastic layer plays a pivotal role in enhancing product visibility, allowing consumers to clearly observe the contents within the packaging.
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The readability score of the Blister and Other High Visibility Packaging Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Blister and Other High Visibility Packaging market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Blister and Other High Visibility Packaging along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive landscape:
The market for blister and other high visibility packaging solutions is moderately competitive. However, market competitiveness is projected to increase due to increased consumer awareness and the necessity for highly visible packaging. Moreover, many startups are entering the market with innovative and sustainable packaging materials.
- In conjunction with America Recycles Day in November 2021, Amcor Rigid Packaging (ARP) revealed a technological development that will allow billions of small bottles to be recycled. ARP, recognized for its recyclable packaging, is constantly looking for methods to boost the amount of material that makes it through the recycling process.
- Printex Transparent Packaging, a Canadian plastic packaging manufacturer, developed a line of fully PCR polyethylene terephthalate (PET) clear boxes in October 2021. The Eco-PET 100 boxes are supposed to be a suitable replacement for virgin PET and can be recycled several times.
- Amcor began a new project in August 2021, constructing two new sites in Asia and Europe to complement current innovation centers in North America.
- Amcor debuted AmSky, the world’s first recyclable PE-based capsule blister pack and thermoformed tablet, in May 2021. Amcor has designed a new, recyclable solution that enhances the whole recycling process while keeping all of the features of pre-existing blister packaging by removing the PVC. The new packaging is designed to comply with the strict standards of highly specialized and regulated pharmaceutical packaging, such as child resistance and senior citizen friendly. Based on an investigation by the company’s proprietary ASSET lifecycle assessment tool, accredited by the Carbon Trust, AmSky delivers a 70% reduction in carbon footprint when compared to market packaging options.
Key Segments of Blister and Other High Visibility Packaging Industry Research
· By Product :
- Carded Blister Packaging
- Clamshell Packaging
- Windowed Packaging
- Skin Packaging
- Other High Visibility Packaging
· By Application :
- Healthcare
- Consumer Goods
- Industrial Goods
- Food
- Others
· By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Blister and Other High Visibility Packaging make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Blister and Other High Visibility Packaging Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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