Market Size –
The blow-fill-seal technology market size has grown rapidly in recent years. It will grow from <b>$3.28 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. </b> The growth in the historic period can be attributed to continuous improvement and standardization, global market penetration, packaging design flexibility, reduced environmental impact, production scalability.
The blow-fill-seal technology market size is expected to see rapid growth in the next few years. It will grow to <b>$5.67 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. </b> The growth in the forecast period can be attributed to expansion across industries, increased demand for sterile packaging, focus on convenience and safety, rise in unit dose packaging, demand for personalized medicine. Major trends in the forecast period include diversification into various sectors, shift towards unit dose packaging, industry 4.0 integration, rise in biologics and vaccines packaging.
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Scope Of Blow-Fill-Seal Technology Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Blow-Fill-Seal Technology Market Overview
Market Drivers –
The increasing pharmaceutical industry is expected to propel the growth of the blow-fill-seal technology market going forward. The pharmaceutical industry is associated with the research, development, and production of pharmaceuticals and remedies. Blow-fill seal (BFS) technology helps to package products to protect them from physical damage, chemical contamination, and microbiological contamination. For instance, according to the Indian Economic Survey 2021, released by the Ministry of Finance, Government of India, India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030. Therefore, the increasing pharmaceutical industry is driving the growth of the blow-fill-seal technology market.
Market Trends –
Technological innovations are a key trend gaining popularity in the blow-fill-seal technology market. Major companies operating in the blow-fill-seal technology market are advancing toward the use of moulding technology for innovating new lightweight products. For instance, in January 2021, Berry Global Healthcare, a US-based manufacturing company providing analytical laboratory instruments, launched Cyrano, a new lightweight dual-port blow-fill seal closure. The unique features of the product are that it is easy to use on the latest blow-fill-seal machines that include advanced moulding technology to create lightweight components that deliver better performance to enhance drug administration, improve patient safety, and protect product integrity.
The blow-fill-seal technology market covered in this report is segmented –
1) By Product Type: Bottles, Ampoules, Vials, Prefilled Syringes and Injectable
2) By Material Type: Polyethylene (PE) , Polypropylene (PP) , Other Materials
3) By Specification: Small Volume, Large Volume
4) By End Use: Pharmaceuticals, Food and Beverage, Cosmetics and Personal Care, Other End Users
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Regional Insights –
North America was the largest region in the blow-fill-seal technology market in 2023. The regions covered in the blow-fill-seal technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the blow-fill-seal technology market report are Amanta Healthcare Ltd., Unither Pharmaceuticals SAS, Curida AS, Unipharma LLC, Weiler Engineering Inc., GlaxoSmithKline plc, Nephron Pharmaceuticals Corporation, Horizon Therapeutics plc, Brevetti Angela SRL, Recipharm AB, Rommelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Unicep Packaging LLC, Mahanagar Engineering Pvt. Ltd., Catalent Inc., The Ritedose Corporation, LyondellBasell Industries NV, Nupharma Group, Birgi Mefar Group, Takeda Pharmaceutical Company Limited, Pfizer Inc., Sanofi SA, Novartis International AG, Merck & Co. Inc., Johnson & Johnson Private Limited, Teva Pharmaceutical Industries Ltd., AstraZeneca plc, F Hoffmann-La Roche Ltd., Fresenius Kabi AG, B. Braun Melsungen AG, Sandoz International GmbH, Baxter International Inc., West Pharmaceutical Services Inc., Gerresheimer AG
Table of Contents
1. Executive Summary
2. Blow-Fill-Seal Technology Market Report Structure
3. Blow-Fill-Seal Technology Market Trends And Strategies
4. Blow-Fill-Seal Technology Market – Macro Economic Scenario
5. Blow-Fill-Seal Technology Market Size And Growth
…..
27. Blow-Fill-Seal Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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