Blow-Fill-Seal Technology Market Forecasts to 2028 – Global Analysis By Product (Bottles, Ampoules), Raw Material (Polypropylene (PP), Polyethylene (PE)) and By Geography
According to Stratistics MRC, the Global Blow-Fill-Seal Technology Market is accounted for $334.66 million in 2020 and is expected to reach $605.81 million by 2028 growing at a CAGR of 7.7% during the forecast period. Growing demand for pharmaceutical & healthcare industries, huge technological advancements in packaging solutions and increasing demand for consumer preference in food preservatives are major factors driving the growth of the market. However, high cost of technology is hampering the market.
Blow-Fill-Seal (BFS) technology is a manufacturing technique used to produce small, (0.1ml-99ml) andlarge volume, (100ml and above) liquid filled containers. It has emerged as a preferred method for aseptic packaging of pharmaceutical and healthcare products due to unrivaled flexibility in container design, overall product quality, product output and low operational costs. A primary advantage of this technology is reducing human intervention, which reduces the risk of microbial contamination and foreign particulates. BFS technology has been expanding into injectables and into biologics, including vaccines and monoclonal antibodies (mAbs).
By raw material, polyethylene (PE) segment is experiencing considerable market growth, due to the rise in usage of polypropylene fabric mainly because of the growth in consumption of single unit dose drug products and increasing pharmaceutical industries. Based on the geography, Asia Pacific is dominating the market during the forecast period, due to the expansion of pharmaceutical manufacturing and growing packaging industries in emerging economies, such as India, Japan, and China.
Some of the key players profiled in the Blow-Fill-Seal Technology Market include Catalent, Curida, Pharmapack, Recipharm, Rommelag, The Ritedose Corporation, Unicep Packaging, Unipharma, Unither Pharmaceuticals, Weiler Engineering.
• Polypropylene (PP)
• Polyethylene (PE)
Raw Materials Covered:
• Food & Beverage
• Personal Care
End Users Covered:
• Seat Belt
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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