BLISTER TOOLING MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global blister tooling market size was USD 353.7 million in 2021 and the market is projected to touch USD 763.13 million by 2031, exhibiting a CAGR of 8.0% during the forecast period.
The blister tooling market is integral to the production of blister packs, widely used for packaging pharmaceuticals, consumer goods, and other products. The market dynamics are shaped by factors such as industry trends, technological advancements, regulatory requirements, global market variations, and the increasing emphasis on sustainability. The pharmaceutical sector, in particular, plays a significant role in driving demand for blister packaging, necessitating efficient and compliant solutions. Manufacturers must stay attuned to evolving industry practices, adopt cutting-edge technologies, and navigate regulatory landscapes to remain competitive in this dynamic market.
Staying abreast of emerging trends is crucial for companies operating in the blister tooling sector. Sustainability considerations, advancements in packaging materials, and regional variations in demand all contribute to the evolving landscape. Monitoring market reports, industry studies, and trade association updates provides valuable insights into current trends, key players, and potential growth opportunities, enabling businesses to make informed decisions and maintain a competitive edge in the market.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The blister tooling market, like many other industries, faced disruptions in the supply chain. Lockdowns, travel restrictions, and factory closures led to delays in the production and delivery of components, impacting manufacturers' ability to meet demand. The broader economic uncertainty resulting from the pandemic influenced investment decisions and capital expenditures. Some companies in the sector may have faced financial challenges or delays in planned expansions and innovations. Changes in consumer behavior during the pandemic, such as a preference for e-commerce over in-store purchases, could have influenced the demand for certain types of packaging.
The pharmaceutical industry, a major consumer of blister packaging, experienced a surge in demand during the pandemic. This positively impacted the market as manufacturers adapted to increased orders for packaging solutions, especially for medications and vaccines. Despite initial disruptions, the blister tooling market demonstrated resilience. Manufacturers adapted to new working conditions, implemented safety measures, and embraced digital technologies for collaboration, showcasing the industry's ability to navigate challenges and ensure continued production.
LATEST TRENDS
"Adoption of Automation & Robotics in Blister Tooling to Drive Market Growth"
Automation and robotics are being widely adopted in the blister tooling industry to improve production efficiency, reduce labor costs, and enhance product quality. Automated machines are capable of producing high volumes of blister packs with consistent accuracy and precision, while robotic systems can handle complex and repetitive tasks, freeing up human workers for more value-added activities. New materials and technologies are emerging in the industry, offering enhanced performance, durability, and cost-effectiveness. For instance, the development of high-performance polymers and advanced coatings is leading to the production of blister tooling that can withstand extreme temperatures, resist chemical degradation, and extend the shelf life of packaged products.
BLISTER TOOLING MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type the global market can be categorized into forming tools, seal tools, guide tracks/rails, perforation & scoring dies, & others.
Forming tools shape blister packaging, seal tools ensure airtight closures, guide tracks/rails facilitate precise movement in the packaging process, and perforation/scoring dies create easy-to-open features in pharmaceutical and consumer goods packaging.
- By Application
Based on application the global market can be categorized into thermoform, cold-form.
Thermoform packaging involves heating plastic to mold it into desired shapes, while cold-form packaging uses preformed aluminum cavities for pharmaceutical blister packs, offering enhanced barrier properties.
DRIVING FACTORS
"Increasing Globalization and Pharmaceutical Industry Growth to Boost the Market"
One of the key driving factors in the global blister tooling market growth is the increasing globalization and pharmaceutical industry growth in urban areas. As markets become more globalized, there is a growing need for standardized and efficient packaging solutions. The manufacturers may benefit from catering to the packaging requirements of multinational companies seeking consistency in their product presentation. The pharmaceutical sector's continuous expansion, driven by population growth and increasing healthcare needs, is a significant driving force for the market. Blister packaging is commonly used in pharmaceuticals for its tamper resistance, product protection, and dose accuracy. The demand for blister packaging in the consumer goods industry, especially for items like electronics, cosmetics, and food products, contributes to the growth of the blister tooling market.
"Product Safety & Tamper Resistance and E-commerce Packaging Needs to Expand the Market"
Another driving factor in the global blister tooling market is the product safety & tamper resistance and e-commerce packaging needs offered by these products. The emphasis on product safety, integrity, and tamper resistance in various industries, particularly pharmaceuticals, drives the adoption of blister packaging. It plays a crucial role in ensuring the security and protection of products. The growth of e-commerce has led to increased demand for secure and visually appealing packaging. Blister packaging, facilitated by blister tooling, is often preferred for its ability to showcase products and provide protection during shipping. Ongoing innovations in packaging technology, including materials and design, influence the market.
RESTRAINING FACTOR
"High Initial Cost and Technological Complexity to Potentially Impede Market Growth"
One of the key restraining factors in the global blister tooling market is the high initial cost and technological complexity of these products. The significant upfront investment required for advanced blister tooling technologies and machinery can be a barrier for smaller manufacturers or those operating with limited capital, restricting market entry and expansion. The complexity of technologies and processes may pose challenges for manufacturers in terms of implementation, maintenance, and operator training. This complexity can limit widespread adoption and hinder market growth. The market is closely tied to the performance of end-user industries such as pharmaceuticals and consumer goods. Economic downturns or fluctuations in demand within these sectors can have a direct impact on the blister tooling market.
BLISTER TOOLING MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America Region Dominating the Market due to Presence of a Large Consumer Base"
North America has emerged as the most dominant region in the global blister tooling market share due to several factors. North America, including the United States and Canada, has a well-developed and advanced industrial infrastructure. This includes state-of-the-art manufacturing facilities, access to skilled labor, and efficient transportation networks, which are critical for the production and distribution of blister tooling. North America is home to a substantial number of pharmaceutical and consumer goods manufacturers, which are major users of blister packaging. Proximity to these key end-user industries allows for more efficient supply chains, reducing transportation costs and increasing responsiveness to market demands. The region has a strong focus on innovation and technology adoption. This is crucial in industries like blister tooling, where advancements in manufacturing processes and materials can significantly impact competitiveness.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The blister tooling market is notably influenced by key industry players that play a crucial role in steering market dynamics and shaping the preferences of manufacturers. These influential players possess extensive networks within the packaging industry, both through direct sales channels and online platforms, offering manufacturers easy access to a diverse range of blister tooling options. Their robust global presence and brand recognition contribute to enhanced trust and loyalty among manufacturers, thereby driving the adoption of their tooling solutions. Furthermore, these industry leaders consistently allocate resources to research and development initiatives, introducing innovative designs, materials, and technological features in blister tooling, aligning with the evolving needs and preferences of manufacturers. The combined efforts of these major players significantly influence the competitive landscape and the future trajectory of the blister tooling market.
List of Market Players Profiled
- Wasdell Packaging Group (U.K.)
- Elizabeth (U.S.)
- Prodieco (Ireland)
- HPT Pharma (U.S.)
- VPT Verpackungstechnik GmbH (Germany)
- Marchesini Group (Italy)
- TEG (Australia)
INDUSTRIAL DEVELOPMENT
October 2023: Kraton Corporation Introduces New Thermoplastic Elastomer for Blister Packaging Applications: Kraton Corporation, a leading global producer of styrenic block copolymers (SBCs), has introduced a new thermoplastic elastomer (TPE) specifically designed for blister packaging applications. The new TPE, Kraton A8500, offers excellent clarity, impact resistance, and sealability, making it an ideal material for blister packaging of pharmaceuticals, cosmetics, and consumer goods.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 353.7 Million in 2021 |
Market Size Value By |
US$ 763.13 Million by 2031 |
Growth Rate |
CAGR of 8% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the blister tooling market expected to touch by 2031?
The global blister tooling market is expected to reach USD 763.13 million by 2031.
-
What CAGR is the blister tooling market expected to exhibit by 2031?
The blister tooling market is expected to exhibit a CAGR of 8.0% by 2031.
-
Which are the driving factors of the blister tooling market?
Increasing globalization and pharmaceutical industry growth, and product safety & tamper resistance and e-commerce packaging needs are some of the driving factors of the Blister Tooling market.
-
What are the key blister tooling market segments?
The key Blister Tooling market segmentation that you should be aware of, which include, Based on type blister tooling market is classified as forming tools, seal tools, guide tracks/rails, perforation & scoring dies, & others. Based on application the blister tooling market is classified as thermoform, cold-form.