The market’s overall growth prognosis remains favourable, particularly as demand for effective packaging technology continues to climb across a variety of industries. Between 2022 and 2031, the blow-fill seal technology market is expected to expand rapidly at a CAGR of 9%. By 2031, it is anticipated to reach US$ 6.2 billion.
Blow Fill Seal (BFS) technology is now being used in producing packaging solutions due to the expansion of the pharmaceutical and food and beverage verticals. In order to move forward with correct medicine delivery, there is a necessity for precise and improved packaging solutions, which is facilitating a wider usage of blow fill seal technology.
The need for BFS technology is anticipated to increase in the next years in order to reduce packaging time and guarantee clean room packaging assembly line.
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Blow Fill Seal (BFS) technology is revolutionizing the pharmaceutical and packaging industries by providing a cost-effective, efficient and sterile method of packaging liquid and semi-liquid products. BFS is a one-step process that involves blowing a plastic container, filling it with product and sealing it, all in one continuous operation. This technology reduces the risk of contamination, increases production speed and decreases labor costs.
The BFS technology market is expected to grow significantly in the coming years, driven by the increasing demand for sterile and tamper-proof packaging in the pharmaceutical and healthcare industries. The market is also being propelled by the growing demand for BFS technology in the food and beverage industry, as it allows for the packaging of sensitive products such as milk and juice.
Moreover, government regulations mandating the use of BFS technology in certain industries, such as the pharmaceutical industry, are also expected to drive market growth. The increasing focus on sustainability and the use of eco-friendly packaging materials are also expected to boost the market.
Overall, the BFS technology market is poised for significant growth in the coming years, providing opportunities for companies to capitalize on the benefits of this innovative technology.
This technology is also gaining popularity in the cosmetic industry for packaging of liquid, semi-liquid and cream products. The market for BFS technology has seen a steady growth over the past few years and is expected to continue its upward trend in the future. With the increasing demand for efficiency and sterilization, BFS technology is becoming the go-to choice for many companies, especially in the pharmaceutical, healthcare, food and beverage, and cosmetic industries.
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.
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.
The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.
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Blow Fill Seal Technology Assists in the Prevention of Medical Non-Adherence
Medical adherence has created a catastrophic scenario for the healthcare and pharmaceutical industries over the last two decades.
For example, according to an FMI study, 40 percent to 50 percent of prescribed medications are not properly taken by patients in the United States. Furthermore, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, patients are losing more than $200 billion as a result of not taking medicine at the appropriate time.
To address the problem, the pharmaceutical industry is working hard to improve medication packaging. For the subject of “right dose at right time,” the industry is working on appropriate and simple packaging.
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 Market Study Key Takeaways
- In 2021, the BFS technology industry is expected to increase by 5.4 percent year over year.
- With almost 84 percent of the North American market, the United States will emerge as a highly profitable destination.
- In 2021, the United Kingdom is expected to increase by 8% year on year.
- In Europe, France and Germany will emerge as very profitable markets for BFS technology.
- High demand will continue to exist in Japan and South Korea.
“Pharmaceutical industries in Latin America and Asia Pacific have been clamouring for blow fill seal technology. According to an FMI analyst, “unit dose packaging, such as prefilled syringes, is in high demand, which is driving demand for blow fill seal technology in these markets.”
“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.
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.
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