Latin America Blister Packaging Market Report and Forecast 2024-2032

Latin America Blister Packaging Market Outlook

The Latin America blister packaging market size reached USD 1.14 billion in 2023. The market is projected to grow at a CAGR of 7.1% between 2024 and 2032, reaching almost USD 2.11 billion by 2032.

Key Takeaways:

• The rising demand for child-resistant blister packaging is likely to drive its adoption by the healthcare industry in Latin America.

• Clamshell blister packaging is expected to constitute a major portion of the market share.  

• Brazil is expected to dominate the Latin America blister packaging market over the forecast period.

To prevent unintended incidences of poisoning among children, the pharmaceutical industry in Latin America is switching towards child-resistant blister packaging in which manufacturers utilise a coating of aluminium, along with PVC, PP, and coldform foils to make it difficult for children to access the medicine. This is expected to drive the Latin America blister packaging market growth in the forecast period.

Blister packaging is a low-cost solution for various industries and also has a smaller ecological footprint, which is expected to drive its demand among end users. Moreover, the integration of nanotechnology into the manufacturing processes of blister packets is likely to result in lesser weight and greater barrier protection for goods, thereby driving the Latin America blister packaging market growth.

Manufacturers are switching towards the usage of high-quality raw materials for blister packets. For instance, thermoform plastics that are resistant to the impact of chemicals and enhance the durability of blister packaging have gained high popularity as a raw material among manufacturers.

Rising concerns surrounding plastic waste are driving manufacturers towards sustainable materials, including fibre, paper and paperboard, and biodegradable plastics, for designing blister packaging. This is expected to accelerate the Latin America blister packaging market development. Moreover, as Latin American countries strengthen regulations surrounding the usage of eco-friendly packaging materials, the market is expected to witness significant growth over the forecast period.

Market Segmentation

Latin America Blister Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Carded

• Clamshell

Market Breakup by Material

• Paper and Paperboard

• Plastic
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Others

• Aluminium

Market Breakup by Technology

• Thermoforming

• Cold Forming

Market Breakup by End Use

• Healthcare

• Consumer Goods

• Industrial Goods

• Food

Market Breakup by Country

• Brazil

• Mexico

• Argentina

• Others

The key market players are Honeywell International Inc., WestRock Company, Amcor Plc, Huhtamäki Oyj, Sonoco Products Company, Tekni-Plex, Inc., Constantia Flexibles International GmbH, KP Holding GmbH & Co. KG, and Nelipak Corporation, among others.

Key Highlights of the Report