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.
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2021 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
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Key Players:
Key participants include Recipharm, Unipharma, Rommelag, Unicep Packaging, Catalent, The Ritedose Corporation, Lyondellbasell, Weiler Engineering, Nupharma Group, Birgi Mefar Group, and among others.
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.
- 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.
Market Segmentation:
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
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Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Key questions addressed in the report:
- What size is the global Blow-Fill-Seal Technology market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Blow-Fill-Seal Technology market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2020 and 2028?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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