The global cold formed blister foil market is anticipated to accumulate a market value of US$ 4.15 billion in 2023 and is expected to garner a valuation of US$ 7.4 billion by exhibiting a CAGR of 5.9% in the forecast period 2023 to 2033. In the historical period from 2018 to 2022, the market for cold-formed blister foil had a growth of 4% CAGR.
The market for cold-form blister packaging is expanding as a result of rising consumer demand for advanced medical items and the implementation of several healthcare initiatives in emerging nations. Cold-form blister foil is used by pharmaceutical firms to package medications because it has qualities like great formability and high malleability.
Region-wise, the Asia Pacific region dominated the market with a market share of over 30% in 2020. This region is anticipated to retain its lead by accumulating over 37% market share by end of the projection period. China registered a maximum revenue share of over 31% in 2020 in the Asia Pacific. Easy availability of raw materials like PVC and aluminum in the country will support the market growth.
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A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Cold-Formed Blister Foil market over the forecast period. The report gives a detailed outlook on the ongoing changes and advancements that are expected to augment growth in the Cold-Formed Blister Foil market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats, and challenges that market players are likely to face during the forecast period.
COVID-19 Impact Analysis on Cold-Formed Blister Foil Market
Following the outbreak of COVID-19, the packaging industry is expected to witness moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Cold-Formed Blister Foil market in the positive direction. Manufacturers are more focused on sustainability as a key strategy to maintain their position in the industry during time of crisis.
FMI provides a piece of extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Cold Formed Blister Foil market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.
Important Questions Answered in the Cold Formed Blister Foil Market Report
- Which are the top companies operating in the Cold-Formed Blister Foil market?
- What will be the future outlook of the Cold Formed Blister Foil market in the upcoming decade?
- What are the key growth drivers and restraints likely to affect the Cold Formed Blister Foil market in the future?
- Which region is expected to be the most lucrative region for the Cold Formed Blister Foil market?
- What are the ongoing trends likely to augment the growth of the global Cold Formed Blister Foil market?
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Cold Formed Blister Foil Market: Segmentation
In-depth analysis on FMI’s Cold Formed Blister Foil market report has been further classified into key segments and sub-segments.
Material type:
- Plastic Foil
- Aluminum Foil
- Others
End-Use Industry:
- Healthcare
- Electronics
- Consumer goods
- Industrial goods
- Food
Cold-Formed Blister Foil Market: Competitive Analysis
The latest report on the Cold-Formed Blister Foil market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Cold-Formed Blister Foil market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisitions and revenue prospects that will aid the players to gain a competitive edge in the industry.
Key players profiled by FMI in Cold Formed Blister Foil market include:
- Amcor Limited
- Bemis Company, Inc.
- Essentra PLC
- Dow Chemical Company
- Tekni-Plex, Inc.
- Honeywell International, Inc.
- E. I. du Pont de Nemours and Company
- Constantia Flexibles Group GmbH
- ACG Pharmapack Pvt Ltd
- Baddi Foils Group
- ACG
- Amcor Limited
- The Dow Chemical Company
- WestRock Company
- Bemis Company, Inc.
- Sonoco Products Company
- Constantia Flexibles
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Frequently Asked Questions (FAQs)
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