The global blow fill seal technology market was valued at USD 2 billion in 2019 and is expected to reach USD 4.1 billion by 2026, expanding at a CAGR of around 8% during the forecast period, 2020–2026.
Blow-Fill-Seal (BFS) technology is a technique used to manufacture liquid-filled polymer containers as small volume (0.1mL to 99mL) as well as large volume (100mL and above). The technology is developed in Europe and has significant demand in Europe followed by North America. The technique has relatively high use in the pharmaceutical market to fill the parental preparation with comparatively less intervention of human being. The technology is considered as a superior method for aseptic filling of parental preparation by various regulatory bodies such as the U.S. Food and Drug Administration (FDA). Blow-Fill-Seal (BFS) technology is used in filling of eye drops, infusions, inhalation, and other parental preparations.
Market Trends, Drivers, Restraints, and Opportunities:
- Growing pharmaceutical and packaging market and high demand from consumer markets are some of the key trends driving the growth of the blow fill seal technology market and thus fueling the growth of the market.
- Convenient packaging, innovation in pharmaceutical packaging, and increasing demand for a qualitative technique for filling parental preparation are the key factors fuelling the market growth.
- Surging demand for unit dose packaging solutions for Injectable & ophthalmic drugs are factors driving the growth of the market.
- Relatively high cost for preparation which leads to increasing price of final product, is likely to hinder the market growth in the coming years.
- Hazardous Impact on Humans and Environment is a key restraint of the market.
- Rising demand for ascetic packaging and regulations over the packaging of pharmaceutical products, is a key market trend.
- Globally, the healthcare and pharmaceuticals sector are widening, which is one of the positive trends that is going to foster the growth of the market during the forecast period.
Major companies in the global blow fill seal technology market include Rommelag, Unither, HealthStar, AUTOMATIC LIQUID PACKAGING SOLUTIONS, LLC, Weiler Engineering, Inc., Pharmapack Co., Ltd., Mahanagar Engineering Pvt. Ltd., Catalent, Inc, Recipharm, Albasit India Packaging, Wuxi Jingpai Machinery Co., Ltd., Shanghai Sunway International Trade Co., Ltd., Hunan Chinasun Pharmaceutical Machinery Co., Ltd., Shantou Jinping Shunyi Packing Machinery Plant, SAN TUNG MACHINE INDUSTRY CO., LTD., WUXI JIUMING MACHINERY CO., LTD.
The global blow fill seal technology market has been segmented on the basis of:
- Small Volume (1mL-99mL)
- Large Volume (100mL and Above)
- Asia Pacific
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Blow Fill Seal Technology Market Overview
- Global Blow Fill Seal Technology Market Analysis and Forecast by Type
- Global Blow Fill Seal Technology Market Analysis and Forecast by Application
- Global Blow Fill Seal Technology Market Analysis and Forecast by Sales Channel
- Global Blow Fill Seal Technology Market Analysis and Forecast by Region
- North Blow Fill Seal Technology Market Analysis and Forecast
- Latin Blow Fill Seal Technology Market Analysis and Forecast
- Europe Blow Fill Seal Technology Market Analysis and Forecast
- Asia Pacific Blow Fill Seal Technology Market Analysis and Forecast
- Middle East & Africa Blow Fill Seal Technology Market Analysis and Forecast
- Competition Landscape
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