"Demand for high quality and cost-effective healthcare packaging is anticipated to augment growth"
Companies are considering high quality and cost effective alternatives for manufacturing innovative, convenient packs for end-users. The cold form foils are extensively used in healthcare due to its high-efficiency rate and provides extended shelf life. Advanced cold form sealing packs have also led to discovering new raw material sources with fine superior quality and easy to use. Thus, the cold forming market is projected to witness a substantial growth in the next eight years.
U.S. cold form blister packaging market revenue by application, 2014 - 2024 (USD Million)
Cold forming is aluminum based laminate film, which is made by pressing into a mold by using a stamp. The aluminum sheets remain lengthened and maintain its formed shape. These are known as cold-form foil (CFF) blisters in end-user industries especially in the healthcare sector. Due to rising environmental concerns, stringent regulatory policies are imposed by World Packaging Organization (WPO) and Food and Drug Administration (FDA) regarding sealing and labeling, which are predicted to reinforce further market growth.
The key benefit of cold form blisters is that it provides an impermeable barrier to moisture, light, oxygen, and gasses, show long-term delamination resistance and offers a complete optimal protection by extending product shelf life. Similarly, slower production speed capacity as compared to thermoforming, larger size of the blister packs, and the lack of translucency of the package are some of the drawbacks of the cold form blister packaging products.
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"Healthcare segment recorded large demand"
Companies have been implementing new technologies and methodologies coupled with product advancements, such as pre-fillable syringes and parenteral vials, to fulfill easy-to-use requirements of patients. Tamper evident, senior-friendly and anti-counterfeit packaging are in high demand worldwide. Such provisions trigger the need for protective sealing that controls the damage of shelf life and efficiency of drug products.
"Europe was the leading regional market, followed by North America"
Growing disposable income coupled with rising demand is anticipated to boost demand in emerging economies such as China and India. These countries along with Korea, Taiwan, and Japan are expected to create significant opportunities for cold form packaging manufacturers owing to its increasing demand for electronics, semiconductors, and other industrial durable applications.
Central & South America is anticipated to have a moderate growth over the coming years. Rising consumer’s necessity for convenience and better sealing features improved environmental standards along with considerable economic growth in countries, such as Venezuela, Argentina, Brazil, and Colombia, is expected to spur demand in the region over the forecast period.
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"Amcor Ltd, Essentra Plc, and Bemis Company Ltd. are prominent players in the industry"
Key players include Sonoco Co. Products, Bemis Company Ltd., E. I. du Pont de Nemours and Company, Constantia Flexibles Group GmbH, ACG Pharmapack Pvt Ltd, Essentra PLC, Dow Chemical Company, Tekni-Plex, Inc., and Honeywell International, Inc.
