Cold form foil is an aluminum-based foil, also known as cold-form foil blisters especially in the pharmaceutical sector. It is preferred over others as it provides a prominent barrier to moisture, oxygen and other gasses and also offers complete protection to the drugs, nurture the product integrity in order to show high tolerant compliance rate. Therefore, the cold form foil market is highly influenced by the growing packaging demand from pharmaceutical industry. Pharmaceutical’s packaging manufacturers are implementing new methods coupled with product advancements like tamper-evident and senior-friendly packages worldwide. Rise in strict regulations and environmental apprehensions which are imposed by Food and Drug Administration (FDA) and World Packaging Organization (WPO) for sealing and labeling are projected to strengthen growth in the cold form market.
COVID-19 Impact analysis
- Pre COVID-19, companies were growing at moderate pace with sustainable growth. However, the coronavirus pandemic has major impact across various industries including food and consumer goods industry, growing concerns about hygiene and safety of reusable plastic packaging, lead to increase in the demand of cold form blister foil.
- The lockdown situation has brought about the shutdown of various manufacturing units of cold form blister foils which brought about a destruction of sales and also disrupted the supply chain of the whole market.
- COVID-19 is an incomparable global public health emergency that has affected almost every industry so far and the long-term effects projected to impact the industry growth of the cold form blister foil market.
Top Impacting Factors
In cold form blister foil market, the driving factors are the growing demand for developed medical products from the consumers and adoption of various healthcare programs in developing countries. Pharmaceutical industries are adopting cold form foil for packaging of medicines as it provides features such as excellent formability and high malleability. Cold form foil consumes less energy during the formation process which further decrease the cost and allows less carbon emission. In addition, availability of wide range of shapes and packages with cold form foil is increasing the demand for cold form foil across globe. Moreover, increasing use of cold form foil in numerous applications such as packaging of consumer products, food and industrial products is a key factor supplement the growth of market in the forecast period. Furthermore, presence of strict regulation regarding packaging and labeling of products such as food and other medical products including tablets, capsules, drugs, vials, ampoules, syringes or liquid products is likely to encourage the growth of market.
Market Trends
- In September 2020, Essentra PLC, a global provider of specialty fiber and plastic product had an acquisition with the 3C! Packaging Inc. which is a leading designer and manufacturer of custom, folding cartons, printed literature, foil and flexible packaging and labels for the pharmaceuticals health sectors, this acquisition will lead to the strengthening the strategies and better reach in the pharmaceutical and healthcare packaging.
- In November 2020, ACG, a leading supplier of integrated pharmaceutical manufacturing solutions acquired the significant stake of IQGEN-X with the reason to increase the research and development and IP in drug development
- In June 2019, Essentra PLC, a global provider of specialty fiber and plastic product acquired the Innovative Components is one of the leading manufacturers and distributors of knobs, pins and handles in North America for a broad range of end-markets. This will increase the product offering and add attractive low-cost manufacturing capability.
In June 2019, Amcor completely acquired the Bemis Company Inc. which helped in increasing the scale, capabilities and footprint with various values proposition and generating significant value for the shareholders.
Key Benefits of the Report
- This study presents the analytical depiction of the cold form blister foil industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cold form blister foil market share.
- The current market is quantitatively analyzed to highlight the cold form blister foil market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed cold form blister foil market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the cold form blister foil Report
- Who are the leading market players active in the cold form blister foil market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Which Government regulations might challenge the status of key regional markets?
- What are the key barriers to enter for the new players in the market?
- What value proposition should businesses aim at while making new research and development funding?
Cold Form Blister Foil Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Constantia Flexibles Group,, MSP Corporation., Amcor Limited,, Sonoco Company Products, Essentra PLC,, Tekni-Plex, Inc.,, Bemis Company, Inc., Honeywell International Inc.,, ACG Pharmapack Pvt Limited, |
Loading Table Of Content...
