Published by mark itwired
Posted on October 7, 2021
The blow-fill-seal technology market has been growing in accordance with the growth trends of the pharmaceutical industries. Rising demand for the anti-contamination packaging mediums for pharmaceutical mediums have increased the traction for the blow-seal technology market, The global market for blow-fill-seal was valued at USD 278.13 million in 2017 and is projected to reach USD 385.97 million by 2028, at a CAGR of 5.7% from 2017. Due to factors such as rising per capita income and rising trends of pharmaceutical packaged products. The blow-fill-seal market is estimated to 11.24 billion units in 2018 and is predicted to grow to 14.48 billion units by 2028, at a CAGR of 5.19%.
Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment—required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2018-2028. Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-7388
As per a recently released market analysis by Future Market Insights, the global blow-fill-seal equipment market is anticipated to expand at a high CAGR of 5.9% and reach a valuation of US$ 7,692. 9 Mn, poised to grow by an impressive 2.2X by the end of the forecast period.
Ever since the inception of blow-fill-seal equipment, the technology has remained a sustainable process for packaging biological products, considering its aseptic nature and high automations and low production errors. Moreover, increasing pharmaceutical demands for efficient drug packaging through smaller batch size production, efficient time-to-market, and less API waste would also drive the blow-fill-seal equipment market.
Given the risks associated with glass vials and syringes, plastic for blow-fill-seal equipment is evaluated to dominate the global blow-fill-seal equipment market. Chances of either glass fragments entering the patient’s body or glass packaging breaking during production or transportation are some key factors complementing the demand for plastic containers made though blow-fill-seal technologies. To address packaging limitations including delamination (flaking) and breakage, the pharmaceutical industry is also moving towards alternative packaging formats like polymer containers, enabling a broad array of designs similar to blow-fill-seal packaging. Additionally, universal acceptance of blow-fill-seal equipment and technologies by various global authorities including FDA, EMEA, and USP will further boost the growth of global blow-fill-seal equipment market.
“The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights.
FMI predicts further increased adoption of blow-fill-seal equipment in the next five years, considering growing acceptance in the beverages packaging industry for in-house container development and filling. Customized blow-fill-seal equipment are expected to eliminate the need for raw material warehousing along with handling process, especially in cold drink companies looking for efficient and economical in-house BFS packaging facilities. Moreover, enhanced sealing and leak proofing offered by blow-fill-seal equipment is projected to drive the market, as it would further reduce the material and time consumption during secondary packaging in pharmaceutical and F&B industries. Given to the growing demand of blow-fill-seal equipment for clean packaging, manufacturers are developing highly efficient with high output capacity. Increased research and development activities among manufacturers to step up the innovations in the global blow-fill-seal equipment market will further drive up the adoption.
Ask us your Any Queries About this Report:
https://www.futuremarketinsights.com/askus/rep-gb-7388
The global blow-fill-seal equipment market is a monopoly to Rommelag, holding close to 90% of the total market share. However, tier-3 manufactures including Brevetti Angela S.R.L., Serac Inc. and SIPA S.p.A are expected to contribute majority of revenue share in the global blow-fill-seal equipment market. In terms of forward market strategies, New Product Development (NPD) and strategic collaborations would be the way ahead for many top players in the global blow-fill-seal market.
Blow-fill-seal Equipment Key Segments Covered
By Production Capacity
By Product Type
By End-Use Industry
By Region
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
For more insights on the competitive landscape of the global blow-fill-seal market, connect with the expert analysts of Future Market Insights at press@futuremarketinsights.com
The post US$ 7,692. 9 Mn Global Blow-Fill-Seal Equipment Market Poised to Grow by an Impressive 2.2x Considering Increasing Demand for Clean Packaging appeared first on Industry News Analsis.
The blow-fill-seal technology market has been growing in accordance with the growth trends of the pharmaceutical industries. Rising demand for the anti-contamination packaging mediums for pharmaceutical mediums have increased the traction for the blow-seal technology market, The global market for blow-fill-seal was valued at USD 278.13 million in 2017 and is projected to reach USD 385.97 million by 2028, at a CAGR of 5.7% from 2017. Due to factors such as rising per capita income and rising trends of pharmaceutical packaged products. The blow-fill-seal market is estimated to 11.24 billion units in 2018 and is predicted to grow to 14.48 billion units by 2028, at a CAGR of 5.19%.
Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment—required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2018-2028. Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-7388
As per a recently released market analysis by Future Market Insights, the global blow-fill-seal equipment market is anticipated to expand at a high CAGR of 5.9% and reach a valuation of US$ 7,692. 9 Mn, poised to grow by an impressive 2.2X by the end of the forecast period.
Ever since the inception of blow-fill-seal equipment, the technology has remained a sustainable process for packaging biological products, considering its aseptic nature and high automations and low production errors. Moreover, increasing pharmaceutical demands for efficient drug packaging through smaller batch size production, efficient time-to-market, and less API waste would also drive the blow-fill-seal equipment market.
Given the risks associated with glass vials and syringes, plastic for blow-fill-seal equipment is evaluated to dominate the global blow-fill-seal equipment market. Chances of either glass fragments entering the patient’s body or glass packaging breaking during production or transportation are some key factors complementing the demand for plastic containers made though blow-fill-seal technologies. To address packaging limitations including delamination (flaking) and breakage, the pharmaceutical industry is also moving towards alternative packaging formats like polymer containers, enabling a broad array of designs similar to blow-fill-seal packaging. Additionally, universal acceptance of blow-fill-seal equipment and technologies by various global authorities including FDA, EMEA, and USP will further boost the growth of global blow-fill-seal equipment market.
“The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights.
FMI predicts further increased adoption of blow-fill-seal equipment in the next five years, considering growing acceptance in the beverages packaging industry for in-house container development and filling. Customized blow-fill-seal equipment are expected to eliminate the need for raw material warehousing along with handling process, especially in cold drink companies looking for efficient and economical in-house BFS packaging facilities. Moreover, enhanced sealing and leak proofing offered by blow-fill-seal equipment is projected to drive the market, as it would further reduce the material and time consumption during secondary packaging in pharmaceutical and F&B industries. Given to the growing demand of blow-fill-seal equipment for clean packaging, manufacturers are developing highly efficient with high output capacity. Increased research and development activities among manufacturers to step up the innovations in the global blow-fill-seal equipment market will further drive up the adoption.
Ask us your Any Queries About this Report:
https://www.futuremarketinsights.com/askus/rep-gb-7388
The global blow-fill-seal equipment market is a monopoly to Rommelag, holding close to 90% of the total market share. However, tier-3 manufactures including Brevetti Angela S.R.L., Serac Inc. and SIPA S.p.A are expected to contribute majority of revenue share in the global blow-fill-seal equipment market. In terms of forward market strategies, New Product Development (NPD) and strategic collaborations would be the way ahead for many top players in the global blow-fill-seal market.
Blow-fill-seal Equipment Key Segments Covered
By Production Capacity
By Product Type
By End-Use Industry
By Region
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
For more insights on the competitive landscape of the global blow-fill-seal market, connect with the expert analysts of Future Market Insights at press@futuremarketinsights.com
The post US$ 7,692. 9 Mn Global Blow-Fill-Seal Equipment Market Poised to Grow by an Impressive 2.2x Considering Increasing Demand for Clean Packaging appeared first on Industry News Analsis.
