Blister Coating Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview
Market Overview and Report Coverage
Blister coating is a type of coating process where a thin film of liquid coating material is applied to a substrate using a heated roller, resulting in a blister effect as the coating dries and forms small bubbles or blisters on the surface. This process is commonly used in the packaging industry for sealing blister packs, pharmaceutical packaging, and food packaging.
The future outlook for the blister coating market is positive, with a projected growth rate of % during the forecasted period. The increasing demand for innovative and sustainable packaging solutions, coupled with the rising adoption of blister packaging in various industries, is driving the growth of the blister coating market. Additionally, advancements in coating technologies and increasing investments in research and development are expected to further boost market growth.
Current trends in the blister coating market include the development of eco-friendly and recyclable coating materials, growing demand for anti-counterfeiting packaging solutions, and the adoption of digital printing technology for enhanced packaging designs. Overall, the blister coating market is poised for steady growth in the coming years, fueled by the demand for efficient and visually appealing packaging solutions across various industries.
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Market Segmentation
The Blister Coating Market Analysis by types is segmented into:
- Solvent-based
- Water-based
Blister coating is a type of packaging that involves the application of a protective layer onto a product. The market for blister coatings can be classified into two main types: solvent-based and water-based. Solvent-based blister coatings use chemicals as a base, making them durable and resistant to water and chemicals. On the other hand, water-based blister coatings rely on water as a base, making them more environmentally friendly and easier to clean up. Both types offer unique advantages and cater to different preferences and needs in the packaging industry.
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The Blister Coating Market Industry Research by Application is segmented into:
- Pharmaceutical Packaging
- Food Packaging
- Daily Necessities Packaging
- Others
Blister coating is widely used in the pharmaceutical packaging industry to provide protection and tamper resistance to medications. In the food packaging sector, blister coating helps preserve the freshness and quality of food products. It is also utilized in daily necessities packaging for items like electronics and cosmetics. In addition, blister coating finds applications in various other industries for packaging of small items such as stationery, batteries, and hardware components, providing them with durability and visibility.
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In terms of Region, the Blister Coating Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Blister Coating market?
The blister coating market is experiencing rapid growth due to the increasing demand for pharmaceuticals and consumer goods. Emerging trends in the market include the adoption of eco-friendly and sustainable materials for blister packaging, as well as the development of advanced technologies for improved product protection and shelf life. Current trends in the market include the rising prevalence of counterfeit drugs, driving the need for secure and tamper-evident blister coatings. Additionally, advancements in printing and labeling technologies are enhancing the visual appeal of blister packaging, contributing to the market growth. Overall, the global blister coating market is expected to witness continued expansion in the coming years.
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Major Market Players
The blister coating market is highly competitive with key players such as Cork Industries, Aexcel, Sierra Coating Technologies, DSM, ACTEGA, Shakti Industries, Cattie Adhesives, Mitsui Chemicals, Inc., Lubrizol, and Sumukha Hitech Products Industry.
One of the key players in the blister coating market is Cork Industries, which offers high-quality blister coatings for various applications. The company has experienced steady market growth due to its technological advancements and innovative product offerings.
Another prominent player in the market is DSM, which is known for its sustainable and environmentally friendly blister coating solutions. The company has been focusing on developing bio-based and recyclable materials to meet the growing demand for eco-friendly products in the market.
Sierra Coating Technologies is also a significant player in the blister coating market, offering a wide range of customized coating solutions for packaging requirements. The company has been expanding its market presence by investing in research and development to cater to evolving customer needs.
In terms of market size, the global blister coating market was valued at USD 914 million in 2020 and is expected to reach USD billion by 2025, growing at a CAGR of 5.4% during the forecast period.
Some of the key players in the market, such as ACTEGA and Lubrizol, have reported significant sales revenues in recent years. For example, ACTEGA reported sales revenue of USD 956 million in 2020, whereas Lubrizol reported sales revenue of USD 6.2 billion in the same year.
Overall, the blister coating market is witnessing growth due to increasing demand for innovative packaging solutions and advancements in coating technologies. Companies are focusing on developing sustainable and efficient blister coatings to gain a competitive edge in the market.
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