Global Blow-Fill-Seal Technology market share 2024, Forecast To 2033
29 Feb, 2024
The blow-fill-seal technology market has witnessed rapid growth, increasing from$3.28 billion in 2023 to$3.64 billion in 2024, showcasing a remarkable CAGR of 11.0%. This growth can be attributed to continuous improvement and standardization, global market penetration, packaging design flexibility, reduced environmental impact, and production scalability. Forecasts predict continued rapid growth, reaching$5.67 billion by 2028, with a CAGR of 11.7%. Expansion across industries, increased demand for sterile packaging, focus on convenience and safety, rise in unit dose packaging, and demand for personalized medicine are key drivers. Major trends include diversification into various sectors, a shift towards unit dose packaging, industry 4.0 integration, and a rise in biologics and vaccines packaging.
Global Blow-Fill-Seal Technology Market Key Driver
The expanding pharmaceutical industry is set to drive the blow-fill-seal technology market. Blow-fill-seal (BFS) technology aids in packaging products, safeguarding them from physical, chemical, and microbiological contaminants. According to the Indian Economic Survey 2021, India's domestic pharmaceutical market reached USD 42 billion in 2021 and is projected to reach USD 65 billion by 2024, further growing to USD 120-130 billion by 2030. Thus, the growing pharmaceutical sector is fueling the demand for blow-fill-seal technology.
Get A Free Sample Of The Global Blow-Fill-Seal Technology Market ReportGlobal Blow-Fill-Seal Technology Market Segments
The global 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
By Geography: The regions covered in the blow-fill-seal technology market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the blow-fill-seal technology market in 2023. 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.
Major Blow-Fill-Seal Technology Industry Players
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
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Blow-Fill-Seal Technology Market Overview
Blow-fill-seal (BFS) technology is an aseptic manufacturing technique in which the container is created, filled, and sealed in a single continuous, automated system. The objective of blow-fill-seal technology is to lower the possibility of microbial contamination and foreign particles while reducing human participation.
Blow-Fill-Seal Technology Global Market Report 2023 provides data on the global blow-fill-seal technology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blow-fill-seal technology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.