According to the report by Expert Market Research (EMR), the Latin America Blister Packaging Market Size reached a value of USD 1.14 billion in 2023. Aided by the increasing demand for convenient and protective packaging solutions and the growing applications of blister packaging in various sectors, the market is projected to further grow at a CAGR of 7.1% between 2024 and 2032 to reach a value of USD 2.11 billion by 2032.
Blister packaging is a type of pre-formed packaging used for small consumer goods, foods, and pharmaceuticals. It is composed of a cavity made from thermoformed plastic and a lid sealed to the surface. This type of packaging offers several benefits, including product protection, tamper evidence, and extended shelf life. The increasing consumer preference for convenient and secure packaging solutions is driving the Latin America blister packaging market growth.
The growing pharmaceutical sector in Latin America is a primary driver of the market growth. Blister packaging is widely used in the pharmaceutical sector for packaging tablets, capsules, and other medical devices. It provides excellent protection against environmental factors such as moisture and contamination, ensuring the integrity and efficacy of pharmaceutical products. The rising demand for over-the-counter (OTC) medications and the increasing production of generic drugs are further contributing to the demand for blister packaging in the region.
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In addition to pharmaceuticals, blister packaging is used in the food and beverage, consumer goods, and electronics industries. It offers excellent product visibility, tamper resistance, and ease of use, making it a preferred packaging solution for a wide range of products. The growing demand for packaged foods and the increasing consumer preference for convenient packaging, consequently driving up the Latin America blister packaging market share.
Moreover, the rising focus on sustainability and environmentally friendly packaging solutions is boosting the demand for recyclable and biodegradable blister packaging. Manufacturers are increasingly adopting sustainable materials and processes to meet the growing consumer demand for eco-friendly packaging. The increasing awareness of environmental issues and the push towards sustainable practices are expected to drive the demand for blister packaging in the coming years.
The consumer goods and electronics sectors in Latin America are expanding, driven by increasing consumer demand and technological advancements. Blister packaging offers excellent product visibility, tamper resistance, and ease of use, making it a preferred packaging solution for consumer goods and electronics. The growth of these industries is expected to drive the demand for blister packaging in the region, leading to Latin America blister packaging market expansion.
The packaged food sector in Latin America is experiencing significant growth, driven by changing consumer lifestyles and increasing urbanization. Blister packaging offers convenience, product visibility, and tamper resistance, making it a preferred packaging solution for packaged foods. The growing demand for packaged foods and the increasing consumer preference for convenient packaging is expected to drive the growth of the blister packaging market in the region.
As per the Latin America blister packaging market analysis, Amcor is a global leader in packaging solutions, offering a wide range of blister packaging products for the pharmaceutical, food, and consumer goods sectors. The company’s focus on innovation and sustainability has helped it establish a strong presence in the market. Constantia Flexibles is a prominent player in the packaging industry, known for its high-quality blister packaging solutions. The company’s commitment to sustainability and customer service has helped it gain a significant market share in Latin America.
Latin America Blister Packaging Market Segmentation
The market can be divided based on the type, material, technology, end use, and region
Market Breakup by Type
- Carded
- Clamshell
Market Breakup by Material
- Paper and Paperboard
- Plastic
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Others
- Aluminum
Market Breakup by Technology
- Thermoforming
- Cold Forming
Market Breakup by End Use
- Healthcare
- Consumer Goods
- Industrial Goods
- Food
Market Breakup by Region
- Brazil
- Mexico
- Argentina
- Others
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Competitive Landscape of Latin America Blister Packaging Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Latin America blister packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- WestRock Company
- Amcor Plc
- Huhtamäki Oyj
- Sonoco Products Company
- Tekni-Plex, Inc.
- Constantia Flexibles International GmbH
- KP Holding GmbH & Co. KG
- Nelipak Corporation
- Others
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