United States Blister Packaging Market Size

US Blister Packaging Market Analysis

The US blister packaging market is expected to register a CAGR of 5.6% during the forecast period. There Russia-Ukraine war has had an impact on the overall packaging ecosystem. The outbreak of COVID-19, growth in regulatory norms worldwide, population health management, new inventions, more informed customers, and an increase in OTC drugs have augmented packaging growth.

• Blister packaging is witnessing moderate growth in the United States. The high safety offered by blister packaging solutions augments the demand for these solutions. The strict regulations and demand from manufacturers and consumers alike have led to growth in the usage of blister packages. An increase in over-the-counter drugs has also provided an impetus to the market.
• Innovative technologies in blisters, such as RFID (radio frequency identification tags), deployed with a seal applied outside the packaging, are increasing due to the potential to offer individual security throughout supply chains. Contamination of samples in blisters only occurs when the protective barrier is broken when a single capsule or tablet is dispensed or administered.
• Vendors are also focusing on environmentally friendly blister packaging solutions and are introducing paper-based packaging. For instance, in July 2021, Hutamaki Oyj launched Push Tab, a paper-based blister solution for the healthcare industry. The product is certified by FSC and is designed to meet the stringent safety requirements of regulated pharmaceutical packaging.
• Under the blister packaging process, individual tablets or capsules are sealed within their cavity, usually made of thermo-formed plastic or cold-form aluminum, protecting the drug from contaminants such as moisture and oxygen by a barrier of foil, film, or paperboard. Also, according to the US Census Bureau, the manufacturing of pharmaceutical products could reach 365 thousand by the end of 2024. This further drives the market studied in the country.
• Russia's invasion of Ukraine has dealt a blow to the global economy, weakening the post-pandemic recovery and aggravating already-high inflation. Even if the worst fears of rising geopolitical tensions and more significant economic disruptions do not materialize, private forecasters anticipate an inflationary slump in the world economy. In this context, the US economy faces significant headwinds from higher food, energy, and raw material prices. Private forecasters do not anticipate a robust fiscal/monetary policy mix to quell surging prices through 2023, raising concerns that above-target inflation could become entrenched. The war's economic damage will partly depend on the persistence of high inflation and economic 'scarring' over the medium to long term.