Blister products are plastic products processed from plastic, adsorbed onto the surface of a mold by vacuum, and then cooled to form. The future market for vacuum-formed products is developing towards high-end and intelligent directions. The following is the market analysis of blister products in 2024.
The market size of vacuum-formed products
In 2023, the overall market size of China's blister products reached 73.12 billion yuan, among which the scale of blister packaging products was approximately 44.82 billion yuan. In the first quarter of 2024, the market size had reached 18.29 billion yuan, representing a year-on-year growth of 6.26%. With the continuous introduction of national environmental protection policies and the development of technologies such as the Internet of Things, the quality of vacuum-formed products will be constantly improved, thereby meeting the demands of consumers. With the continuous intensification of industry competition, the industry concentration has been constantly increasing, and the market size of the blister products industry has steadily grown, while the annual growth rate has slightly declined. The "2023-2028 China Blister Products Industry Market Deep Research and Development Prospect Investment Feasibility Analysis Report" predicts that by 2030, the market size of China's blister products industry will exceed 100 billion yuan. With the enhancement of environmental awareness, the use of new materials such as graphene and biodegradable materials to replace traditional vacuum forming raw materials has also become a trend in the industry's development. For instance, the well-known "degradable plastic bags" have gradually replaced traditional plastic bags, and their application in various fields will also become increasingly widespread. The main Chinese manufacturers of vacuum forming products include Zhongteng Huasheng, Xintong, Vacuum Forming, Yuguang Industrial, Gaofuda Environmental Protection, Yamei Sanxiong, Lida Sports, Darong Packaging, Jiasheng Vacuum Forming, Zhicheng Vacuum Forming, and Grei Plastic, among others. Market analysis of blister products indicates that the majority of companies in the blister products industry are small in scale, with limited technological levels and production scales, weak product delivery capabilities, and uneven product quality. Homogeneous competition among small-scale enterprises is widespread. A considerable number of enterprises lack effective competitive means and rely on price wars to compete for the market. In addition, some small and medium-sized enterprises do not attach importance to the protection of intellectual property rights, and there may be a lot of unregulated competition.
Market direction of vacuum-formed products
With the continuous advancement of technology, the vacuum forming products industry will pay more attention to technological innovation and industrial upgrading to enhance product quality and reduce production costs. The application of intelligent and automated production technologies will become increasingly widespread, improving production efficiency and the stability of product quality. The increasingly strict environmental protection regulations have prompted the blister products industry to develop in a green and environmentally friendly direction. Degradable and recyclable blister products will gradually replace traditional products and meet the market demand for environmentally friendly packaging. The enterprise will increase its investment in research and development and develop more environmentally friendly blister products to adapt to market changes. Consumers' demands for the personalization, uniqueness and high-end nature of product packaging are gradually increasing, which has driven the development of blister products towards high quality and exquisite design. Especially in the fields of electronic consumer goods, cosmetics and high-end food packaging, the design of blister products is increasingly emphasizing aesthetics and individuality. Some high-end brands hope to display their products through transparent blister packaging to increase consumers' desire to purchase. With the increase in customized demands, vacuum forming product manufacturers have also begun to offer personalized customization services. Market analysis of blister products shows that with the improvement of manufacturing technology and quality of blister products, more and more enterprises are beginning to turn their attention to the global market, especially the growing demand in emerging markets. The Asian region (especially countries like China and India) has become an important area for the growth of demand for blister products due to the rapid development of manufacturing and the expansion of the consumer market. The requirements for environmental protection and sustainable development in Europe and America are more stringent, so the market demand for green blister products has increased. Overall, the development direction of the blister products market is evolving towards environmental protection and sustainability, intelligent packaging, personalized customization, and high-end positioning. In the future, the application of vacuum-formed products in multiple industries, especially in food, medical care, automobiles and electronic products, will be more extensive, and the market prospects are broad.