The global blow-fill-seal technology market is forecast to reach USD 499.3 Million by 2028, according to a new report by Reports and Data. Blow-Fill-Seal (BFS) technology is a procedure that is used to manufacture liquid-filled polymer containers in small volume as well as large volume. The technology was developed in Europe and has relatively high application in the pharmaceutical market.
Blow-Fill-Seal (BFS) technology is used in filling of eye drops, inhalation, infusions, and other parental preparations. The major factors driving the market of Blow-Fill-Seal (BFS) technology are the growth in the pharmaceutical sectors and packaging market. Moreover, innovation in pharmaceutical packaging, convenient packaging, and rising demand for a qualitative technique for filling parental preparation, among others.
The blow-fill-seal (BFS) technology needs a relatively high cost for manufacture, which leads to the increasing price of the final product. This could hinder the market demand. Rising demand for aseptic packaging and regulations of pharmaceutical packaging products are influencing the market demand positively.
The Asia Pacific region held the largest market for blow-fill-seal technology, with a 32.6% share of market revenue in 2018. The rapid development of the food and beverages and pharmaceutical industries are expected to propel the demand in the region. Increase in disposable income and the change in lifestyle are leading to a rise in consumer choice for healthy and safe packaged products.
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Further key findings from the report suggest
- Rising employment rate and increase in investment in emerging nations are forecasted to influence the market demand. Export incentives offered by several nations and robust trade agreements are some of the other factors that favor the demand for Blow Fill Seal Technology.
- Polypropylene (PP) held a market share of 63.1% in the year 2018. PP has good barrier properties, good surface finish, and high strength and is cost-effective. Polypropylene’s great optical clarity and low moisture-vapor transmission makes it suitable for use in Blow-Fill-Seal.
- Growth in the pharmaceutical industry and the rising demand for accurate single-dose packages to optimize product quality are propelling market demand. The demand for accurately dosed bottles, ampoules, and vials in the single-dose packaging market are high. Pharmaceutical is forecasted to hold a market share of 76.2% in the year 2026.
- Vials are forecasted to grow with a CAGR of 5.7% during the forecast period. Owing to their lightweight and easy to carry property, vials are expected to grow quickly. Vials offer versatility in packaging formats, especially for single doses.
- North America held a market share of 21.3% in the year 2018. Presence of well-established pharmaceutical companies and preference for hygienic and safe packaging are propelling the growth of the market.
- Key participants include Recipharm, Unipharma, Rommelag, Unicep Packaging, Catalent, The Ritedose Corporation, Lyondellbasell, Weiler Engineering, Nupharma Group, Birgi Mefar Group, and among others.
- In 2018, Weiler Engineering Inc. inaugurated the next generation ASEP-TECH BFS machine. It is a compact-sized machine that offers low output production of pharmaceutical products and small development batches with the application of aseptic technology.
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For the purpose of this report, Reports and Data have segmented into the global Blow-Fill-Seal Technology market on the basis of product, raw material, end-use, and region:
Product Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Bottles
- Vials
- Ampoules
- Pre-Filled Syringes & Injectables
Raw Material Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Polypropylene (PP)
- Polyethylene (PE)
End-Use Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Pharmaceuticals
- Others
Objectives of the report:
1. To study the current impact of COVID-19 on leading segments of the industry and to project changes in the sector due to the pandemic.
2. To calculate the market size, in both value and volume, and CAGR for the base year and the forecast period.
3. To study the technological advancements in the sector in recent years and the technological pipeline and project the impact of the pandemic on technological advancements and spending by companies.
4. To conduct a regional analysis by considering market presence in the leading regions.
5. To study key trends observed in the historical analysis and speculate future trends.
6. To assess the region expected to grow at a significant pace in the coming years and key factors contributing to the overall revenue.
7. To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.
8. To profile leading companies in the industry, along with their product portfolios and strategic alliances.
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Industry OVERVIEW OF Blow-Fill-Seal Technology Market MARKET 2020 TO 2026:The market intelligence report on the Global Blow-Fill-Seal Technology Market Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The research study includes a concise description of the market trends and growth patterns that the leading players operating in the industry can leverage to understand the market to form lucrative expansion strategies.
Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.The valuation for the Blow-Fill-Seal Technology Market was USD 295.1 Million in 2018, and it is expected to reach USD 452.6 Million by 2026.To get a sample of this report, with 30 minutes free consultation, visit @ https://www.reportsanddata.com/sample-enquiry-form/1950In market segmentation by manufacturers, the report covers the following companies-Recipharm, Unipharma, Rommelag, Unicep Packaging, Catalent, The Ritedose Corporation, Lyondellbasell, Weiler Engineering, Nupharma Group, Birgi Mefar Group, among others.Furthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
Our team of expert analysts has scrutinized the Blow-Fill-Seal Technology Market market report by referring to the data provided by leading companies.In market segmentation of Blow-Fill-Seal Technology Market Market, the report covers-Product Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)BottlesVialsAmpoulesPre-Filled Syringes & InjectablesRaw Material Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)Polypropylene (PP)Polyethylene (PE)End-Use Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)PharmaceuticalsOthersGrab Your Report at incredible Discounts!
It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Blow-Fill-Seal Technology Market market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.
The market drivers and restraints have also been evaluated in a thorough examination to help the readers comprehend their impact on the industry in the forecast duration.SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.KEY FEATURES OF THE GLOBAL Blow-Fill-Seal Technology Market MARKET REPORT INCLUDE:Market size estimates:The market size of the Global Blow-Fill-Seal Technology Market industry has been calculated in terms of value (USD)Trend and forecast analysis:Market trends (2016-2018) and forecast (2020-2026) are discussed in the report by segmenting the market based on Product Type, Technology, Application, End-User, and Business Verticals.Segmentation analysis:An all-inclusive examination of the market segments in terms of both value and volume has been offered in this report.Regional analysis:Based on geography, the market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.Growth opportunities:Market dynamics, along with potential growth prospects existing in the different applications, have been described in detail.
A latest report published by Fact.MR takes into account the Blow Fill Seal Technology market from a global as well as local viewpoint.
The blow fill seal technology market is estimated to witness prolific growth during the 2018-2027 period.
This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Blow Fill Seal Technology.
The study also provides dynamics that are responsible for influencing the future status of the Blow Fill Seal Technology market over the forecast period.The recent report on the global Blow Fill Seal Technology market published by the Fact.MR includes the impact of COVID-19 on the Blow Fill Seal Technology market.
This has affected each and every market in the world and it will take a good amount of time to recover.
The Blow Fill Seal Technology market study includes the current market scenario on the global platform and also forecasts the market development during the forecast period.
The blow fill seal technology market is estimated to witness prolific growth during the 2018-2027 period.
The technology equips pharmaceutical manufacturers with the capability to continuously produce unit dose packaging units with minimum production errors and comprehensively low requirement for any human intervention.
Single or unit dose packaging is proving increasingly effective in eliminating human error while consuming medications which, in turn, is improving the overall efficacy of treatment.
Additionally, unit dose packaging is tamper-evident and resistant to heat and cold making blow fill seal containers an effective packaging solution for pharmaceuticals.
Numerous businesses are discussing the possibility of leveraging unit packaging for their convenience which is likely to fuel the demand for blow fill seal technology in the foreseeable future.Sustainability Offered by Blow Fill Seal Technology to Propel Widespread AdoptionIn addition to providing a solution to reduce healthcare costs and improving the efficacy of treatment, blow fill seal technology’s sustainable operation augments to the popularity of the technology.
Growing concerns about the environment are prompting governments around the world to impose regulations that aim towards the preservation of the environment.
