Market Size of Ampoules and Blister Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.49 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ampoules & Blister Packaging Market Analysis
The ampoules and blister packaging market registered a CAGR of 7.49% over the forecast period 2021 - 2026. The ampoules and blister packaging have common benefits in terms of dosage, serving size and customization according to the products and their application.
- The rising need for product safety through tamper-evident packaging from manufacturers, consumer, and regulatory organizations, have been instrumental in the adoption of ampoules and blister packaging across the pharmaceutical and food industry.
- Also, the rising geriatric ages are increasing the consumption of medicines across the world. According to the Energy Source Outlook 2018, the proportion of the population above 65 years of age is expected to cross 14% by the year 2025 from over 10% in 2016.
- The cases of pharmaceutical counterfeits have been increasing year on year globally. The protection of pharmaceuticals is necessary for any company to retain its client, revenue growth, and brand reputation. WHO estimated 116 thousand deaths occurred due to pharmaceutical counterfeits in sub-Saharan Africa. Ampoules and blister packaging allow prevention from counterfeit tamper-evident incidences, driving the market growth for these packaging solutions.
- The use of innovative technologies in ampoules and blisters, such as radio frequency identification (RFID) tags, deployed with a seal applied outside the packaging, are growing, owing to the potential to provide individual security throughout supply chains. Also, the expansion of rural healthcare infrastructure is expected to drive the ampoules and blister packaging market over the forecast period.
- However, due to volatile raw material prices and stringent government regulations in certain end-user industries are limiting the adoption of ampoules and blister packaging market.
