PVC Blister Packaging Global Market Overview 2024

It is expected that by 2029, the global PVC blister packaging market will reach US$2.25 billion, with a compound annual growth rate (CAGR) of 5.3%. This shows that the PVC blister packaging market will continue to grow in the next few years. PVC blister packaging is widely used due to its cost-effectiveness, especially in economical packaging solutions. It is less expensive than other packaging materials, making it an attractive option for manufacturers looking for a cost-effective packaging solution. The main challenge faced by PVC blister packaging is environmental issues. PVC is a plastic that does not biodegrade easily and its production and disposal can have adverse effects on the environment. PVC in particular contains chlorine, which can release harmful dioxins during the manufacturing and incineration processes. This may become an important factor limiting the development of the PVC blister packaging market in the context of the current global emphasis on environmental protection. Rigid PVC blister packaging is the main product type on the market, accounting for approximately 75.1% of the market share. This type of PVC packaging is preferred for its robustness and durability. In terms of market application, the pharmaceutical industry is the largest downstream market for PVC blister packaging, accounting for 62.7% of the total market share. This shows that the pharmaceutical industry has extremely strong demand for PVC blister packaging and is a key factor driving market growth. There are many manufacturers of PVC blister packaging around the world, including well-known companies such as Tekni-Plex, Klockner Pentaplast, and CPH Group. In 2022, the world's top ten manufacturers will account for 42.0% of the market share. In addition, from the perspective of regional market size, North America, Europe, and China are the main production areas of PVC blister packaging. Market size changes from 2018 to 2022 show the important position of these regions in the global market. At the same time, the market size in Asia-Pacific, Latin America, the Middle East and Africa is also gradually expanding, showing the globalization trend of the PVC blister packaging market.