Between 2022 and 2031, the global blow-fill seal technology market is expected to develop at a 9 percent compound annual growth rate (CAGR). By 2031, it is predicted to have grown to US$ 6.2 billion. The global blow-fill seal technology market is bound to grow on a vigorous note between 2022 and 2031 at a CAGR of 9%. It is expected to reach US$ 6.2 Bn by the year 2031.
Blow Fill Seal (BFS) Technology is revolutionizing the pharmaceutical and healthcare industry by providing a cost-effective, efficient, and reliable method of packaging liquid and semi-solid drugs. The BFS process involves the use of a single machine to blow a plastic container, fill it with a liquid or semi-solid product, and then seal it, all in one continuous operation. This technology offers several benefits over traditional packaging methods, including increased efficiency, reduced risk of contamination, and improved product stability.
The global Blow Fill Seal Technology market is expected to grow at a significant rate during the forecast period, due to the increasing demand for safe, efficient, and cost-effective packaging solutions in the pharmaceutical and healthcare industry. The rising adoption of BFS technology in the food and beverage industry is also driving the market growth. The increasing demand for ready-to-drink products, such as juices, sports drinks, and functional beverages, is propelling the growth of the BFS technology market in this sector.
Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4407
The BFS technology market is segmented based on product type, application, and region. By product type, the market is segmented into linear BFS machines and rotary BFS machines. Linear BFS machines are expected to hold the largest share of the market due to their high efficiency and ease of use. By application, the market is segmented into pharmaceuticals, food and beverages, and others. The pharmaceuticals segment is expected to dominate the market due to the increasing adoption of BFS technology in the pharmaceutical industry.
Geographically, the Blow Fill Seal Technology market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to hold the largest share of the market due to the presence of a large number of pharmaceutical and healthcare companies in the region. The Asia Pacific market is expected to grow at the highest rate during the forecast period due to the increasing demand for BFS technology in the food and beverage industry in the region.
In conclusion, the global Blow Fill Seal Technology market is expected to grow at a significant rate during the forecast period due to the increasing demand for safe, efficient, and cost-effective packaging solutions in the pharmaceutical and healthcare industry. The increasing adoption of BFS technology in the food and beverage industry is also driving the market growth. The rising demand for ready-to-drink products such as juices, sports drinks, and functional beverages is propelling the growth of the BFS technology market in this sector. The market is highly competitive and is expected to witness strong competition among existing and new market players in the coming years.
Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.
By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.
Key Takeaways of Blow Fill Seal Technology Market Study
- The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
- The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
- The U.K. is set to exhibit 8% Y-o-Y growth in 2021
- France and Germany will emerge as highly lucrative markets for BFS technology in Europe
- Japan and South Korea will continue exhibiting high demand
“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.
Get In Touch With Our Team For a 20% Flat Discount
Blow Fill Seal Technology Aids in Curbing Medical Non Adherence Issues
Over the past two decades, medical adherence has created a very critical situation for healthcare & pharmaceutical industry.
For instance: in USA, according to FMI study, it has been noticed that ~40%-50% of prescribed medications are not taken by the patients appropriately. Along with this, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, it has been noticed that the matter of not taking medicine appropriately at right time is costing patients more than $200 Bn.
To contain the issue, the pharmaceutical industry is continually making efforts for improving medication packaging. The industry is focusing on appropriate and easy packaging for ensuring the matter of “right dose at right time”.
Against this backdrop, the demand for technologies that can instruct the patients to take accurate dose in a timely manner is rising. Companies, especially in North America are adopting blow fill seal technology to help to ensure better drug intake in a single dose.
Blow Fill Seal Technology Market Landscape —Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta Healthcare Ltd., Automatic Liquid Packaging Solutions LLC, Asept Pak, Inc and SIFI Spa are some of the keyplayers in the blow fill seal technology market. The blow fill seal technology market is fragmented and the Tier 1 players in the market hold 40-45% share in the global blow fill seal technology market.
Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-4407
Blow Fill Seal Technology Market by Category
By Product Type:
- Bottles
- 0.2-100 ml
- 100-500 ml
- Above 500 ml
- 0.1-10 ml
- 10-100 ml
- 0.1-10 ml
- 10-50 ml
- Ampules
- Vials
- Others(prefilled syringes & Injectables)
By Material Type:
- PE
- LDPE
- HDPE
- PP
- Others
By End Use:
- Pharmaceuticals
- Ophthalmic
- Injectables
- Biologics
- Wound Care
- Respiratory
- Food & Beverage
- Cosmetics & Personal Care
- Others
By Region:
- North America
- Latin America
- Asia Pacific Excluding Japan
- Eastern Europe
- Western Europe
- Japan
- Middle East and Africa (MEA)
What to Expect in Our Report?
(1) A complete section of the Global Blow Fill Seal (BFS) Technology market report is dedicated to market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Blow Fill Seal (BFS) Technology market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Blow Fill Seal (BFS) Technology market.
(4) The report also discusses the competitive situation and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global Blow Fill Seal (BFS) Technology market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusions of the research study provided in the Global Blow Fill Seal (BFS) Technology Market report.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
