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SAN FRANCISCO , Dec. 1, 2021 /PRNewswire/ -- The global blister packaging industry is expected to advance at 7.4% CAGR from 2020 to 2025 as demand grows for unit-dose packaging, short-cycle medication, and a monitored dosage system to improve patient adherence . PVC has been the traditional choice in blister packaging for a very long time as it offers low prices and strong durability while maximizing product visibility at the same time. PVC pricing had been stagnant for some time before 2020 and it was generally readily available. However, during the Covid-19 pandemic, the housing market started to gain traction and the construction market continues to buy more PVC, hence the price has increased drastically, making it hard to procure PVC for blister packaging. Moreover, recent economic and environmental policy changes compel some brands to think and find a PVC alternative for their blister packaging. Polyethylene terephthalate (PET) and recycled polyethylene terephthalate (RPET) are the two major strong alternatives to the traditional PVC blister. It is majorly used in soda bottles and is known for its strong durability and transparency. PET and RPET are most preferable for brands with high sustainability goals as they can be easily recycled.
One of the leaders in the packaging industry, Amcor has already started working on developing alternatives for PVC in blister packaging. In April 2021 , the company announced the customer trials of the world's first recyclable polyethylene-based thermoform blister packaging named AmSky. It reduces carbon footprint by 70% compared to PVC and other alternatives. PVC makes packaging recycling more difficult or contaminates other materials if consumers attempt to recycle them. Therefore, Amcor's solution eliminates PVC from the packaging by using a mono-material Polyethylene thermoform blister and lidding film.
Blister Packaging Industry Procurement Intelligence report, by Grand View Research , deep dives into the following insights from the industry:
Blister Packaging Industry Cost Intelligence – Key Components:
Grand View Research has identified the following key cost components for availing blister packaging:
Raw material is the biggest cost component of blister packaging, accounting for more than 60% of the total cost of manufacturing.
Blister Packaging Industry Supplier Intelligence – Capability based ranking & selection criteria with weightage:
List of key suppliers in the blister packaging industry:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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