Widespread Adoption in Pharmaceutical Industry Fosters Growth of Blow Fill Seal Technology Market: XploreMR
Blow Fill Seal Technology Market Research Report
A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the blow fill seal technology.
Presenting exclusive insights into the market from 2018 to 2027, the report projects that the market will witness significant growth during the forecast period.
The growth of the market is primarily driven by adoption in the pharmaceutical industry, where it is used to manufacture polymer containers with small volumes of medicinal liquid.
According to the U.S Food and Drug Administration and other regulatory bodies, the blow fill seal technology is considered superior to conventional methods and is hence highly endorsed by them to manufacturers.
The technology is predominantly used to fill eye drops, inhalation gases, and other medicines in containers.
The demand from the pharmaceutical industry will continue to drive market growth.
Excellent Efficiency in Production Promises Revenue Flow from Pharmaceutical Industry
The highly effective packaging of blow fill seal technology is supported by automation, which enables the pharmaceutical manufacturers to pack drugs in containers in continuous batches.
Moreover, automation eliminates the need for human intervention, thus reducing the possibility of human error and increasing manufacturing capacity.
Blow fill seal technology finds significant applications in the manufacturing of plastic syringes and vials, as the need for high-quality products is augmenting.
Blow fill seal technology ensures that the quality of syringes and vials is maintained high, thus lowering the risk of entering a patient's body after breaking and shattering during transportation.
The FDA has certified blow fill seal technology as an advanced aseptic processing system, and such approvals from regulatory authorities around the world will translate into revenue opportunities for blow fill seal technology.
However, the high cost of drugs assets a continuous pressure on the pharmaceutical players to reduce the costs of medicines.
Although blow fill seal technology and other cutting edge technologies bolster production and quality, they subsequently increase the operational costs.
As a result of persisting demand from consumers to lower the prices, some pharmaceutical players are exhibiting reluctance to adopt newer technologies, thus posing a challenge to the swift growth of the market.
On a positive note, the need for high-quality production lines among players is expected to outweigh the restraining factors.
Time-saving Factor Invigorates Applications in F&B Packaging
In recent years, the demand for in-house packaging in the food and beverage industry has significantly risen.
On this premise, blow fill seal technology is expected to find applications to streamline the packaging process and increase profits by reducing the need for storing raw materials.
Furthermore, the technology is also gaining traction in packing carbonated drinks, backed by its ability to seal and avoid leaks.
Owing to its time-saving nature, players in the food & beverage industry are seeking the blow fill seal technology to lower operational costs, thereby bestowing lucrative opportunities to players in the blow fill seal technology.
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