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Blow-Fill-Seal Technology Market Share Analysis, Industry Trends And Growth Analysis 2024-2033
Blow-Fill-Seal Technology Market
The Business Research Company presents an extensive market research report on the Blow-Fill-Seal Technology Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The blow-fill-seal technology market size has grown rapidly in recent years. It will grow from $3.28 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. 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 $5.67 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. 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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Key Market Players:
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
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.
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https://www.thebusinessresearchcompany.com/report/blow-fill-seal-technology-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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