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Thermoform Packaging Market Expected To Grow Rapidly In Pharmaceutical Industry

2023-04-14
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Thermoforming is a plastic-forming technology. Thermoformed packaging products are often used in the packaging of food and pharmaceutical products due to their low price, lightweight and aesthetic appearance. Common thermoformed packaging includes blister packaging, clamshells, and skin packaging.

 

In 2021, the global thermoformed packaging market will be approximately US$47.85 billion, and this figure is expected to reach US$76.92 billion in 2030. According to market research firm Precedence Research, the global thermoformed packaging market is forecast to grow at a compound annual growth rate of 5.42% from 2022 to 2030.

 

Image source: Precedence Research

 

North America accounted for 28% of the global thermoformed packaging market share in 2021. By end-user, the food and beverage industry holds the largest market share due to the wide range of packaging used by food manufacturers and food service providers, followed by the pharmaceutical industry.

 

Demand for thermoformed packaging in the pharmaceutical industry is expected to grow rapidly due to factors such as rapid growth in the global pharmaceutical industry, increasing incidence of chronic diseases, and an aging population, and its market share is expected to grow at a CAGR of 6.1% between 2022 and 2030.

 

Image source: Precedence Research

 

The lower cost and ease of transport of blister packaging, their unit dosage packaging format, and excellent oxygen barrier have attracted more and more pharmaceutical manufacturers to the product. The US pharmaceutical industry has moved away from the traditional bottle to the use of blisters for oral solid dosage forms.

 

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Hoping Machinery has extensive experience in blister packaging production, our DPP and DPH range of blister packaging machines can consistently produce high-quality blister packaging for our customers. The DPH320II is a full servo high-speed roller plate blister packaging machine for pharmaceuticals, food, and other solid dosage forms. The DPH320II can punch up to 300 times/minute and is suitable for materials such as PVC, PVDC, PET, and PTP.

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