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Blow-Fill-Seal Technology Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Blow-Fill-Seal Technology Global Market
As per the report, 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 blow-fill-seal technology market size is expected to see rapid growth in the next few years. It will grow to $5.67 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
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Increasing Pharmaceutical Industry Drives The Blow-Fill-Seal Technology
The increasing pharmaceutical industry is expected to propel the growth of the blow-fill-seal technology market going forward. The pharmaceutical industry is associated with the research, development, and production of pharmaceuticals and remedies. Blow-fill seal (BFS) technology helps to package products to protect them from physical damage, chemical contamination, and microbiological contamination. For instance, according to the Indian Economic Survey 2021, released by the Ministry of Finance, Government of India, India's domestic pharmaceutical market stood at US$ 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.
Revolutionizing Drug Delivery Breakthroughs In Blow-Fill-Seal Technology And Lightweight Innovations
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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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
Contents of the report:
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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