The European pharmaceutical industry has undergone rapid changes over time. The outbreak of new diseases, growth in regulatory norms across the world, focus on population health management, inventions, more informed customers, and growth in OTC drugs, have augmented the growth of the packaging industry. Blister packaging technology offers a clearly marked individual dose for patients, which is fully protected against hostile external conditions. It is relatively easier and convenient to handle and store blister packaging than other conventional packages.
Rising Geriatric Population and Prevalence of Diseases, Coupled with Merits of Blister Packaging
The total population of Eurozone was estimated to be 511.81 million in 2016, according to Eurostat, with 19.2% belonging to the age group of 65 and above (0.3% increase from 2015 and 2.4% increase over 10 years). Italy (22.0%), Greece (21.3%), Germany (21.1%) and Ireland (13.2%) accounted for the highest share of their respective population of 65 years and above. As of 2015, the median age observed was 42.4 years, highlighting that half the population of EU-28 was above 42.6 years (an increase by 4.1 years from 2001). As stated by Eurostat, the old age dependency ratio is projected to double from 29.3% in 2016 to almost 52.3% by 2080, which indicates the aging population of EU-28. Increasing life expectancy due to the advent of different pharmaceutical and medical advances and population aged above 85, have also been projected to increase gradually over the forecast period, which is expected to increase the consumption of pharmaceuticals. This will eventually drive the growth of the market for blister packaging.
Plastic Films for Packaging is Expected to Dominate the Market, Owing to Ease of Packaging
Plastics, such as PVC, have been free from softening agents; the rigid films used for packaging is called rigid PVC. Plastic used in blister packaging has been found to offer better protection of medicines, owing to the airtight protection provided. The size of the dosage can also be changed with ease depending on the situation. The visibility of contents can be changed as required and the degree of opacity of the material can also be changed. As all the plastic blisters can be thermoformed to any design as per the requirements of drug manufacturing companies, they are being increasingly used as they can be changed with ease and maintain the unique nature of the packaging.
High Investments toward Pharmaceutical Industry and Growth of Older Demographic Affecting Growth of the Market in United Kingdom
The UK pharmaceutical industry is one of the major engines of innovation and research of the country. The industry spends billions on R&D and employs vast numbers for highly-skilled R&D roles. According to the ABPI (Association of the British Pharmaceutical Industry), out of 73,000 people employed directly by the pharmaceutical industry, 23,000 work in R&D. These huge investments and proportion of skilled workers employed throw light on how the United Kingdom is building up the pipeline of medicines and future drugs. This is can be seen as a good opportunity for the growth of blister packaging in the country. The growing older population in the country is also seen as a big driver for the market’s growth over the forecast period
Key Market Players: Amcor Ltd, Bemis Company Inc., Westpack, Sonoco Products Company, Honeywell, International Inc., Mts Medication Technologies, Reynolds Packaging, The Dow Chemical Company, Uhlmann Group, Rohrer Corporation, Pharma Packaging Solutions, Tekni-Plex Inc.
Key Developments in the Market
September 2017: Amcor Ltd has been engaged in a potential takeover of Bemis Co. Inc. as part of a series of acquisitions being made by the company. This acquisition gives ample potential for growth of the company, with Bemis being a major competitor.
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1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Defination
1.4 Key Findings Of Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population And Prevalence Of Diseases Coupled With Merits Of Blister Packaging
4.2.2 Rising Disposable Income
4.3 Market Restraints
4.3.1 Blister Packaging Cannot Be Done For Heavier Items
4.3.2 Government Regulations Against Certain Materials
4.4 Industry Value Chain
4.5 Indusrty Attractiveness- Porter's Five Forces Analysis
4.5.1 Bargaining Power Of Suppliers
4.5.2 Bargaining Power Of Consumers
4.5.3 Threat Of New Entrants
4.5.4 Threat Of Substitute Products
4.5.5 Competitive Rivalry Within The Industry
4.6 Industrial Policies
5. Technology Snapshot
5.1 Components Of Blister Packaging
5.1.1 Forming Materials (Pvc, Pvdc, Pp, Pet, Pe And Others)
5.1.2 Lidding Materials
184.108.40.206 Push Through
220.127.116.11 Peel Off
18.104.22.168 Peel Off- Push Through
5.1.3 Heatseal Coating
5.1.4 Printing Ink
6.1 By Primary Packaging Material
6.1.1 Plastic Films
6.1.2 Paper & Paperboard
6.2 By Technology
6.2.2 Cold Forming
6.3 By End User Industry
6.3.2 Consumer Products
6.3.3 Electronics & Semiconductor Industry
6.4 By Country
6.4.1 United Kingdom
7. Company Profiles
7.1 Amcor Ltd.
7.2 Bemis Company Inc.
7.4 Sonoco Products Company
7.5 Honeywell International Inc.
7.6 Mts Medication Technologies
7.7 Reynolds Packaging
7.8 The Dow Chemical Company
7.9 Uhlmann Group
7.10 Rohrer Corporation
7.11 Pharma Packaging Solutions
7.12 Tekni-Plex Inc.
8. Investment Analysis
8.1 Recent Mergers And Acquisitions
8.2 Investment Scenario And Opportunities
8.3 Future Of Blister Packaging Market
- Amcor Ltd
- Bemis Company Inc.
- Sonoco Products Company
- Honeywell International Inc.
- Mts Medication Technologies
- Reynolds Packaging
- The Dow Chemical Company
- Uhlmann Group
- Rohrer Corporation
- Pharma Packaging Solutions
- Tekni-Plex Inc.