PET Blister Packaging Market worth 18.25 Billion USD by 2022

Sunday 25th June 2017 Back to list

The PET blister packaging market is projected to grow from USD 11.94 Billion in 2015 to USD 18.25 Billion by 2022, at a CAGR of 6.25%. The PET blister packaging market is growing courtesy of increasing applications in healthcare industry, ageing population, and rising demand for conveniently packaged products. Growing demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.

The segmentation for this report is based on material, technology, heat seal coating, application, and region. On the basis of material, plastic sheet / film ( APET / PETG / GAG) held the largest share in 2014 due to its properties such as durability, lightweight, transparent, and cost-effective. On the basis of technology, thermoforming accounted for the largest share in 2014 as it requires low initial tooling and equipment cost as compared to other technologies, the healthcare segment dominated the applications of blister packaging in 2014 due to rise in demand of unit-dose packaging in healthcare sector. Both these sub-segments are projected to grow at the highest rates between 2015 and 2022, in their respective segments.

PET Blister Packaging Market worth 18.25 Billion USD by 2022

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