Future Market Insights (FMI) has released a comprehensive report on the global blow fill seal (BFS) technology market, estimating its value at US$ 3,246.7 million in 2023 and projecting significant growth to reach US$ 6,206.5 million by 2033, at a Compound Annual Growth Rate (CAGR) of 6.8% over the forecast period. The revenue generated by blow fill seal technology in 2022 was US$ 3,034.2 million, with anticipated Year-on-Year (YoY) growth of 7.0% in 2023.
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Key Market Insights:
- Dominance of Pharmaceutical Industry: The pharmaceutical industry significantly consumes blow fill seal technology, expected to hold more than 97% market share in terms of value by the end of 2023.
- Preference for Plastic Material: Plastic accounts for 61% of the value share in blow fill seal technology and is expected to expand at a CAGR above 6.9% over the forecast period.
- Incremental Opportunities with Ampoules: Ampoules in the product type category are anticipated to create incremental opportunities of US$ 571.2 million between 2022 and 2033, gaining 1/5th of the market share by 2033.
Driving Factors for Market Expansion:
- Innovation in Packaging Solutions: The expansion of the pharmaceutical and food & beverage sectors has spurred innovation in packaging solutions, with blow fill seal technology being incorporated for its contamination-free packaging and enhanced processing speed.
- Addressing Medical Non-Adherence: Blow fill seal technology aids in curbing medical non-adherence issues by facilitating the manufacturing of unit dose packaging solutions, ensuring accurate drug delivery and reducing contamination of drugs.
Key Trends and Developments:
1. Introduction of Co-extrusion Technology: Co-extrusion technology, introduced by Rommelag, utilizes up to seven layers for packaging sensitive products, providing barrier protection and compatibility with sensitive drugs.
2. Incorporation of Bio-decontamination Systems: Bio-decontamination systems are being incorporated to sterilize machines’ shroud area, ensuring hygiene and safety standards are met.
Key Takeaways:
- The BFS technology industry 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 American 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 the 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.
Key Companies Profiled
- Unither Pharmaceuticals SAS
- Rommelag SE & Co. KG
- Woodstock Sterile Solutions
- Curida AS
- New Vision Pharmaceuticals LLC
- Weiler Engineering Inc
- GlaxoSmithKline plc
- Takeda Pharmaceutical Company Limited
- Nephron Pharmaceuticals Corporation
- Horizon Pharmaceuticals, Inc
- Recipharm AB
- Laboratorios SALVAT, S.A
- The Ritedose Corporation
- SilganUnicep
- Pharmapack Co. Ltd
- Amanta Healthcare Ltd
- Automatic Liquid Packaging Solutions LLC
- Asept Pak, Inc
- SIFI S.p.A
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Blow Fill Seal Technology Industry by Category
By Product Type:
- Bottles
- 0.2-100 ml
- 100-500 ml
- Above 500 ml
- 0.1-10 ml
- 10-100 ml
- 0.1-10 ml
- 10-50 ml
- Ampules
- Vials
- 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 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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