In 2023, the blow-fill-seal equipment sector boasts a net worth of approximately US$ 2.2 billion. Projections for the global market indicate a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033. Anticipated results suggest that by the close of 2033, the sales of blow-fill-seal (BFS) equipment will exceed a substantial US$ 2.9 billion in overall value. This optimistic forecast underscores the industry’s resilience and potential for significant expansion over the coming decade, positioning blow-fill-seal technology as a noteworthy player in the evolving landscape of pharmaceutical and packaging solutions.
Rapid development in the global packaging industry has triggered the use of bow-fill-seal equipment and technology for pharmaceuticals and food & beverage packaging. The unique ability of BFS equipment to pack formulated drugs in a clean and sterilized environment boosted the demand from these two sectors during the pandemic years.
The United Kingdom stands out as a highly lucrative market in Europe, offering lucrative prospects for industry participants. Projections indicate substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 3.5% through 2033.
The upswing in the United Kingdom’s blow-fill-seal equipment market is driven by the expanding development and adoption of liquid drugs. The pharmaceutical industry’s continuous growth and transformation fuel a rising demand for secure and aseptic packaging solutions. This increasing need for advanced packaging methods prompts major players in the European pharmaceutical sector to focus on the United Kingdom market. They aim to tap into the burgeoning pharmaceutical drug production sector and meet the growing demand for secure and efficient packaging solutions within the country. Consequently, the United Kingdom is positioned to play a pivotal role in shaping the trajectory of aseptic packaging and pharmaceutical production across Europe.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-7388
Demand for BFS equipment surged during the pandemic years of 2020 and 2021 with the growing demand for hygienic and contamination-free packaging. Following the outbreak of COVID-19, consumers became increasingly conscious regarding the packaging of food and beverage products, leading to higher adoption of BFS equipment.
The pharmaceutical segment is projected to contribute over 90% of sales in the global blow-fill-seal equipment market. The unique ability of BFS equipment to pack formulated drugs in a clean environment, without any human interference is projected to fuel market growth. Countries such as India and China extensively ordered the BFS equipment to ensure the drugs are used once through this packaging format.
“Rising demand for aseptic drug delivery has bolstered the need for prefilled syringes and injectables. To enhance the drug’s shelf life and efficacy, healthcare companies are adopting BFS technology, propelling sales of blow-fill-seal equipment,” says an analyst at FMI.
Key Takeaways from the Blow-Fill-Seal Equipment Market Study
- The United States is the leading market in the adoption of blow-fill-seal equipment and is poised to advance at 2.3% CAGR through 2033.
- In Europe, the United Kingdom could witness higher adoption of blow-fill-seal equipment, advancing at 3.5% CAGR.
- In Asia, China is recognized to be the most lucrative market for blow-fill-seal equipment, and sales are expected to rise at a CAGR of 5.1% through 2033.
- India is another remarkably emerging market for blow-fill-seal equipment in Asia, with an annual growth rate for blow-fill-seal equipment pegged as high as 5.7% through 2033.
Competitive Landscape for the Blow-fill-seal Equipment Market
Due to the presence of a large number of market players providing blow-fill-seal (BPS) packaging machines, the overall market tends to be highly fragmented and diversified. Leading blow-fill-seal equipment industry players are employing market strategies to scale their business, including mergers and acquisitions, joint ventures, and distribution channel diversification.
Several end users requiring efficient packaging still use blow-fill-seal equipment and technology to ensure product safety, especially in the food & beverage and pharmaceutical industries. On top of that, increasing consumption of soft drinks and milk products is expected to create a conducive environment for the BFS equipment market.
Key Players:
- Rommelag Kunststoff- Maschinen Vertriebsgesellschaft GmbH
- Hunan CHINASUN Pharmaceutical Machinery Co. Ltd.
- Bosch Packaging Technology GmbH
- Weiler Engineering Inc.
- Brevetti Angela S.R.L.
- Marchesini Group S.p.A.
Recent Developments in the Blow-fill-seal Equipment Industry
- Woodstock Sterile Solutions developed a new system technique and cold BFS packaging that can help reduce the temperature effect on molecules, including biologics. The Leading blow-fill-seal (BFS) manufacturing company received a patent for this new technique in the United States in December 2021.
- Leading packaging solutions company AR Packaging purchased Kroha, which makes cartons and folding pamphlets in Germany, in November 2020. AR Packaging Company aims to concentrate more on healthcare packaging across European countries as a result of this purchase.
- A renowned packaging firm called Coveris, which is based in the United States, purchased Plasztik-Tranzit Kft in March 2020. The acquisition aims to increase the company’s capabilities for blow-fill-seal packaging in the food, medical, and film industries while producing flexible packaging solutions.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/7388
Key Segmentations:
Production Capacity:
- Up to 5,000 containers/hr.
- 5,000-10,000 containers/hr.
- Above 10,000 containers/hr.
Product Type:
- Bottles
- Ampoules
- Vials
- Prefilled Syringes & Injectable
End-Use Industry:
- Pharmaceuticals
- Food & Beverage
- Cosmetics & Personal Care
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
