Blister Packaging Market CAGR Projected to Grow at 6.6% Through 2027
Verfasser: pradnya_86 on Monday, 23 April 2018Future Market Insights has recently announced the publication of a market research report that covers the global market for blister packaging. The report, titled “Blister Packaging Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027),” states that the market will exhibit a healthy 6.6% CAGR over the period between 2017 and 2027, rising to a revenue opportunity of US$18 bn by the end of 2027.
The report states that the global blister packaging market boasts vast growth opportunities and several untapped areas that can be exploited to strengthen foothold in the market. A number of companies are focusing on ways of making blister packaging for pharmaceutical products smarter with the help of technological interventions. Instances include the facilitation of product tracking technology in blister packaging, which when connected with smart computing devices such as smartphones or tablets can remind patients to take medication on time. Several products in the market also have attributes on the blister packaging that allow disabled or blind people to easily identify basic details of the product that is inside the packaging. Such and other varieties of smart blister packaging are expected to witness a massive rise in adoption in the next few years, especially in the pharmaceutical sector.