Global Blister and Other High Visibility Packaging Market to Exceed $37 Billion by 2018, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Blister and Other High Visibility Packaging markets. The global market for Blister and Other High Visibility Packaging is projected to exceed US$37 billion by the year 2018, driven by rising demand from developing markets, especially China, India, and Brazil. Factors such as population, sustainability issues, household and demographic variables, consumer spending patterns, retail sales and the overall economy are expected to significantly influence trends in the market. While food industry remains the largest end-user of blister and high visibility packaging solutions, future growth is expected from pharmaceuticals/medical industry.

Blister and Other High Visibility Packaging: A Global Strategic Business Report

Follow us on LinkedIn – The packaging industry witnessed a steep decline during the period 2008-2009 due to the global economic meltdown, the impact of which was also evident on the blister and other high visibility packaging market. Though the market picked up growth in 2010, demand weakened eventually following the debt crisis in Europe and subdued economic conditions in North America. While currently the financial challenges seem far from stable, business in the packaging industry is expected to gain momentum over the long-term with the recovery in consumer confidence in these economies. The industry is also witnessing a steady shift among manufacturers from traditional and highly saturated markets towards emerging countries. Though the mature markets continue to hold significance, the sheer size and fast paced growth of developing markets, particularly Asian countries, are proving to be a lure for global companies. While BRIC countries continue to hold enormous promise, other smaller markets including Mexico, Indonesia, Australia, South Africa, Vietnam, Nigeria, Turkey and Poland, among others are steadily gaining prominence on the global platform. Increasing investment in construction and housing sectors, urbanization trend, expanding healthcare sector, and steady economic growth in these countries offers enormous growth potential in high visibility packaging sector.

Food industry remains the largest end-user for blister and other high visibility packaging solutions due to applications in fresh produce, prepared foods, snacks, baked goods, meats, dairy and other food products. For consumers, the use of high visibility packaging allows them to inspect the content without the need for handling, a factor that plays a vital role in enhancing consumer confidence pertinent to a specific product. These packs offer additional guarantees due to their tamper-resistant, recyclable, and re-sealable features. While food sector dominates, future growth in the global blister and other high-visibility packaging market is expected from pharmaceuticals/medical industry largely due to favorable conditions in the pharmaceutical industry. Potential opportunities exist in the developed markets, which constitute predominant users of bottles for packaging of pharmaceutical/medical products. This is likely to change with manufacturers shifting towards low cost blister packaging. Opportunities are also offered from the expected growth in the generics market, owing to the inclusion of additional citizens into the healthcare schemes, as part of the US government reforms.

As stated by the new market research report on Blister and Other High Visibility Packaging, Europe represents the largest market. Asia Pacific represents the fastest growing market for blister and other high visibility packaging. Segment-wise, Clamshells represents the largest product segment, with food industry accounting for considerable share of the total sales.

The clamshells segment has been experiencing sustained growth till recent years owing to inherent advantages of the packaging material, which includes thickness, strength, clarity as well as capability to minimize tampering and theft. With oil prices rising significantly in recent times and with environmental sustainability gaining prominence in the packaging industry, manufacturers of clamshells are aggressively pursuing alternative designs and materials, aimed at reducing the total cost and environmental impact of products without compromising on the quality. In line with the trend some companies have come out with clamshell packages made of recycled plastics such as PETE. On the other hand, pharmaceuticals and medical products, electronic components and automotive aftermarket parts and accessories would help stimulate the demand for Carded Blister Packaging. Demand for windowed packaging is expected to grow at a relatively sedate pace owing to increased competition from blister packs and clamshells in nonfood applications.

Global packaging industry is highly fragmented with large number of manufacturers entering the market due to low entry barriers. Major players profiled in the report include Amcor Ltd., Bemis Company Inc., Klockner Pentaplast GmbH & Co., KG, MeadWestvaco Corporation, Reynolds Flexible Packaging, SCA Group, Sealed Air Corporation, and Sonoco Products Company.

The research report titled "Blister and Other High Visibility Packaging: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia Pacific, Latin America, and Rest of World. Key product segments analyzed include Carded Blister Packaging, Clamshells, Windowed Packaging, Skin Packaging, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Blister_And_Other_High_Visibility_Packaging_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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