Blow fill seal (BFS) technology is highly favored as a packaging solution in the pharmaceutical manufacturing industry. It offers aseptic production of formulated drugs without human intervention, using an integrated machine. Future Market Insights (FMI) predicts that the BFS technology market will reach US$2.8 billion by the end of 2022, with a CAGR of 9%. By the year 2031, it is expected to reach US$6.2 billion.
The market outlook for BFS technology remains positive, driven by increasing demand for effective packaging technology across various industries.
In the BFS process, plastic is blown, filled with the formulated product, and sealed within the machine, ensuring continuous operation without external contamination. It is a rapid, precise, and safe method for pharmaceutical filling, while also consuming less energy.
The materials used in BFS technology are often recyclable and more durable than glass. The machines can produce different shapes based on the specific requirements of the end users. With its ability to increase processing speed and enable contamination-free packaging, BFS technology is the preferred choice for many end users.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4407
While BFS technology finds applications across diverse industries, the pharmaceutical industry remains its key end user. The main products produced using this technology include bottles, ampoules, vials, and pre-filled syringes, which are used for filling medicines, vaccines, ophthalmic products, respiratory products, injectable drugs, wound care products, and biologics. Additionally, BFS technology is also applied in the food and beverage, cosmetic and personal care, and other industries.
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.
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4407
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.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-4407
Blow Fill Seal Technology Market by Category
By Product Type:
- Bottles
- 0.2-100 ml
- 100-500 ml
- Above 500 ml
- Ampules
- 0.1-10 ml
- 10-100 ml
- Vials
- 0.1-10 ml
- 10-50 ml
- 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)
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
