Using materials that offers optimal protection and safety allowing to extend product shelf life is projected to boost market demand for cold form blister packaging through 2024, according to a recent report from Grand View Research.
GVR notes, “Cold form blister packs help to provide an impermeable barrier to moisture, light, oxygen, and other gasses. It also maintains the product integrity, offers complete protection proving to show high patient compliance rate. Some of the drivers influencing the market growth are the growing packaging demand from pharmaceutical industry and high requirement of cold forming packs owing to favorable product features.”
Growing disposable income, improved medical facilities and initiatives adopted by the government to promote healthcare programs are also driving demand for cold form foil packaging products.
Healthcare broadly prefers utilizing cold forming packaging materials, says GVR, pointing out that this segment accounted for 48.3% of the market volume in 2015. It is used for sealing products such as tablets, capsules, drugs, vials, ampoules, syringes or liquid products. “Child-resistant, tamper evident, senior-friendly and anti-counterfeit packaging are in high demand worldwide,” notes the report.
Cold form blister packaging keeps pharmaceuticals and medical devices free from adverse external factors that modify the physical and chemical properties, biological contamination, degradation, mechanical damage, and counterfeiting, says GVR.