Blow Fill Seal Technology Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018-2027
- Rep Id : XPLREP3584
- Published On : February, 2019
- No. of Pages : 170
- Category : Chemicals
Global Blow Fill Seal Technology Finds Lucrative Opportunities in Medical and F&B Sectors
Blow-Fill-Seal (BFS) technology is used to manufacture liquid-filled polymer containers as small volume (0.1mL to 99mL) as well as large volume (100mL and above). Initially developed in Europe, the technology has gained acceptance in North America over the years with the pharmaceutical market being a significant end0use segment. The global blow fill seal technology market is forecasted to grow at an impressive CAGR of nearly 8% through the forecast period, according to a new market study by XploreMR.
The market growth is primarily attributed to the booming demand for technologies in the healthcare landscape. Moreover, the BFS technology is considered an efficient methodology with a relatively lower risk of human error. On this premise, the technology has received the approval of the U.S. Food and Drug Administration (FDA) and has been gradually replacing conventional technologies in applications such as filling of eyedrops, infusions, inhalation, and other parenteral preparations. The aforementioned factors will continue to navigate the market on a positive growth trajectory through the forecast period.
Non-medical Adherence Transmutes into Major Remunerative Opportunity
In the recent past, rules and regulations regarding medical adherence have become highly stringent owing to the severe results in case of non-adherence. Not adhering to medial regulations can cause complications for both healthcare institutions and patients and outs the well-being of patients at risk. For instance, a survey conducted in the U.S. estimated that nearly half of the population do not adhere to medical prescriptions.
Along similar lines, another study conducted by IMS Institute for Healthcare Informatics claimed that medical non-adherence results in the wastage of US$ 200 Bn, which can be completely avoided. These challenges are transmuting into revenue opportunities for BFS market as pharmaceutical players focus on adopting advanced drug delivery systems and packaging solutions with minimal eros. On this premise, BFS technology is finding significant adoption owing to its accuracy in packaging and in reducing the probability of drug contamination.
BFS technology's precision in packaging is poised to improve medical adherence across the world, thus asserting pharmaceutical players to adopt the technology. Moreover, BFS technology can be automated and allows continuous packaging of drugs without human intervention thus reducing the production costs. The automation of BFS technology also enables error-free, large-scale production of plastic syringes and vials.
Widespread Adoption in F&B Packaging Ensures Substantial Growth
On the back of surging demand for in-house packaging in the food and beverage industry (F&B), customizable BFS technology has been finding significant adoption in the F&B sector. The customizable BFS technology streamlines the packaging process and aids in widening profit margins by eliminating the need for storing raw materials and simplifying the handling process. On the back of this factor, BFS technology is anticipated to find significant adoption in the packaging of carbonated drinks.
In addition to offering advanced leak proofing, players in the F&B market are gaining awareness regarding BFS technology's ability to reduce the manufacturing and packaging time, thereby further strengthening its foothold in the F&B sector.
Competitive Landscape of Global Blow Fill Seal Technology Market
Some of the major players in the global blow fill seal technology market studied in the research include Catalent, Inc., Unipharma LLC, GlaxoSmithKline plc., Recipharm AB, Laboratorios SALVAT, S.A., Amanta Healthcare, Asept Pak, Inc., SIFI S.p.A, Brevetti Angela S.R.L, Nephron Pharmaceuticals Corporation, Weiler Engineering, Inc., Curida AS, Roomelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Horizon Pharmaceuticals, Takeda Pharmaceuticals AG, Unither Pharmaceuticals, The Ritedose Corporation, Automatic Liquid Packaging Solutions LLC, Pharmapack Co. Ltd., Unicep Packaging, LLC., NuPharm, BioConnection, Plastikon, Gerresheimer AG, and LyondellBasell Industries N.V.
XploreMR recently published a report titled, “Blow Fill Seal Technology Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027” which provides in-depth and actionable insights into the blow fill seal technology market. The report provides a comprehensive historical analysis of the blow fill seal technology market along with an exclusive and accurate forecast of the market.
The study provides a detailed analysis of all the key market dynamics which influence the performance of the blow fill seal technology market along with explanations justifying their inclusion in the report. Additionally, the report provides a comprehensive assessment of all the key market facets including market drivers, threats, restraints, challenges, opportunities, and trends.
Blow Fill Seal Technology – Executive Summary
The report on blow fill seal technology commences with an executive summary of the market that provides brief yet affluent information about the market in terms of value and volume. In addition to this, the summary lists exclusive recommendations from XploreMR analysts that can be leveraged to gain a competitive edge in the blow fill seal technology market.
Blow Fill Seal Technology – Market Introduction, Background, Analysis, and Forecast
The report provides a concrete market definition along with a detailed market structure which helps readers gain a holistic understanding of the blow fill seal technology market. In addition to this, the report on blow fill seal technology market lists all the macroeconomic factors that influence market growth along with detailed analysis of each of the identified factor.
A comprehensive opportunity analysis has also been included in the report. A detailed analysis of the blow fill seal technology market provides estimates about the production volume, Y-o-Y growth, and absolute dollar opportunity. The report on blow fill seal technology market provides a comprehensive analysis of the market performance in the recent past. In addition to this, the report provides a detailed market breakdown on the basis of region, end-use industry, material type, and product type.
On the basis of product type, the report segments the blow fill seal technology market into ampoules, bottles, prefilled syringes & injectable, and vials. Based on the end-use industry, the blow fill seal technology market has been segmented into food and beverages, pharmaceuticals, cosmetics and personal care, and others. Based on material, the blow fill seal technology can be segmented into polyethylene, polypropylene, and others.
Each segment described in the blow fill seal technology market report has been analyzed on the basis of production volume, Y-o-Y growth, CAGR, and absolute dollar opportunity. A market attractiveness analysis for each of the segments has also been included in the report. Furthermore, the report on blow fill seal technology market scrutinizes the market on the basis of region and provides an all-inclusive analysis of all the segments identified in the report. Based on the region, the blow fill seal technology market has been segmented into Latin America, North America, APEJ, Western Europe, Eastern Europe, Japan, and MEA.
A detailed analysis of the historic performance of the blow fill seal technology market along with an authentic and accurate forecast has been provided for each identified region. Additionally, valuable information of the blow fill seal technology market on the basis of country-wise segmentation has also been provided.
Blow Fill Seal Technology Market – Competitive Landscape Assessment
The report provides a comprehensive analysis of the level of competitiveness prevalent in the blow fill seal technology market. All the leading players operating in the blow fill seal technology market have been identified under this section. Further, a detailed profile of each of the identified players has been provided in the report on blow fill seal technology market which sheds light on the company’s revenue share, market presence, global footing, product portfolio, strengths, weaknesses, strategies, and notable business developments.
The information provided under the section can be leveraged by stakeholders and business professionals to streamline their production, manufacturing, distribution, and marketing strategies to tap into the extensive consumer base of the prominent market players and gain an edge over the other contenders in the market.
Blow Fill Seal Technology Market – Research Methodology
The robust and exhaustive research methodology employed during the compilation of the report has been explained in detail in the report. A two-step research process was used to gain invaluable insights into the blow fill seal technology market. While primary research was conducted by interviewing seasoned industry experts and through thorough company case studies, secondary research involved the analysis of various paid sources, trade journals, company press releases, and other industry-related publications. Results from both the steps of the research were cross-referenced with each other to filter out erroneous information and create an authentic and accurate forecast of the blow fill seal technology market.