Blow Fill Seal (BFS) Technology Market grow at a CAGR of 9% by 2031 with high Demand

This Blow Fill Seal (BFS) technology Market Report provides information on market definition, classifications, applications, and engagements to help determine how the market will perform in the coming years. Market segmentation is also discussed in depth, taking into account a number of factors that will undoubtedly benefit firms. A multilingual team of analysts and project managers can assist clients with every strategic component of their business, including product development, major development areas, application modelling, technology utilisation, acquisition strategies, niche growth prospects, and new markets.

Between 2022 and 2031, the global blow fill seal technology market is expected to develop at a 9 percent compound annual growth rate (CAGR). By 2031, it is predicted to have grown to US$ 6.2 billion.

The global blow fill seal technology market is bound to grow on a vigorous note between 2022 and 2031 at a CAGR of 9%. It is expected to reach US$ 6.2 Bnby the year 2031.

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Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.

By using BFS technology, the plastic is blown, filled with the formulated product and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass. The machine is capable of producing different shapes according to the end user's requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.

The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc. which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many 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.

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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.

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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)

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.