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Top Market Shifts Transforming the Blow-Fill-Seal Technology Market Landscape: Key Insights
Blow-Fill-Seal Technology
What Is the Expected CAGR for the Blow-Fill-Seal Technology Market Through 2025?
Over the past few years, the blow-fill-seal technology market has seen robust growth. Forecasts show that the market will expand from $3.61 billion in 2024 to $3.94 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.1%. Factors such as continual improvements and standardization, growing global market reach, adaptability in packaging design, lesser environmental implications, and scalable production have contributed to the market's growth in the historic period.
What's the Projected Size of the Global Blow-Fill-Seal Technology Market by 2029?
The market size of blow-fill-seal technology is poised to experience a rapid expansion in the coming years, with its worth projected to reach $6.19 billion by 2029, evidencing a compound annual growth rate (CAGR) of 12.0%. The projected growth during this forecast period is mainly due to its widespread industrial application, increased requirement for sterile packaging, the stress on convenience and safety, increase in unit dose packaging, and a rising demand for personalized medicines. Future trends expected during this time span include its diversification into different sectors, a shift in preference towards unit dose packaging, the integration with industry 4.0, and a surge in biologics and vaccines packaging.
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Top Growth Drivers in the Blow-Fill-Seal Technology Industry: What's Accelerating the Market?
The expansion of the pharmaceutical industry is projected to drive the blow-fill-seal technology market's growth. This industry includes the investigation, creation, and production of pharmaceuticals and remedies. Blow-fill-seal (BFS) technology is useful for packaging these products to safeguard them from physical harm, chemical, and microbiological contamination. To illustrate, in May 2024, the Department of Health & Social Care, a UK-based establishment, reported that the UK life sciences sector, which includes pharmaceuticals, yielded a turnover of £108.1 billion in 2021/22. This represented a 13% rise from £95.9 billion in the previous fiscal year of 2020/21. Hence, the escalating pharmaceutical industry is fuelling the surge of the blow-fill-seal technology market.
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What Trends Will Shape the Blow-Fill-Seal Technology Market Through 2029 and Beyond?
Technological advancements remain a primary trend being embraced in the blow-fill-seal technology sector. Dominant corporations within this industry are progressing towards the implementation of moulding technology for the creation of innovative lighter weight offerings. For example, Berry Global Group, an American manufacturing and product innovation company, partnered with Koa Corp., a Japanese firm, in March 2022 to strengthen their proficiencies in blow-fill-seal (BFS) technology. The intended goal of this partnership is to capitalize on Koa's proficiency in BFS technology and foster cutting-edge packaging solutions. Conservation and innovation are cornerstones of Berry Global's mission, and this alliance forms part of their agenda to deliver progressive packaging choices across diverse markets, notably the pharmaceutical and personal care industries.
What Are the Main Segments in the Blow-Fill-Seal Technology Market?
The blow-fill-seal technologymarket 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
Subsegments:
1) By Bottles: Plastic Bottles, Glass Bottles
2) By Ampoules: Glass Ampoules, Plastic Ampoules
3) By Vials: Glass Vials, Plastic Vials
4) By Prefilled Syringes: Glass Prefilled Syringes, Plastic Prefilled Syringes
5) By Injectables: Ready-To-Use Injectables, Custom Injectables
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Which Top Companies are Driving Growth in the Blow-Fill-Seal Technology Market?
Major companies operating in the blow-fill-seal technology market 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
Which Regions Will Dominate the Blow-Fill-Seal Technology Market Through 2029?
North America was the largest region in the blow-fill-seal technology market in 2024. 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.
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