Global BFS Technology market 2024-2030

Blow-fill-seal technology is used for manufacturing liquid-filled polymer containers in a small volume that is from 0.1 ml to 99 ml and at the same time for large volumes that is 100 ml and above. This technology is originated from Europe. The main usage of BFS technology can be seen in the pharmaceutical industry where it is used to fill eye drops and syringes for injections. It is also used in the food and beverage industry to minimize the contamination rate in any food product.

The report on the global BFS technology market shows insights on the current market state of affairs by conducting over 280 hours of primary and secondary research. As per the report, the global BFS technology market is growing its area and effective sphere of influence very fast and is gaining popularity. The market value for blow-fill-seal technology was estimated at US $ xxx million in the year 2018. It is predicted that the market for blow-fill-seal technology will rise up to US $ xxx million with a steady CAGR of xx % by 2023.

The main reason for the growth of BFS technology is because of the increasing usage of BFS technology in the pharmaceutical industry. There are many products manufactured because of the usage of BFS technology, the rising demand for vials, ampoules, pre-filled syringes and injectables, is one of the many factors for the growth of this market. Apart from pharmaceutical BFS technology is also driven by the food and beverage industry, due to the increasing industrialization of the food and beverage industry the demand for BFS technology is increasing as they help to minimize the risk of contamination.

The main reasons for its shortage in growth is, the production of these BFS is quite expensive, because of the production process being so costly makes the final product costlier. The other reason for the shortage in growth is since there are number of innovative substitutes present in the market thus, giving BFS technology a neck to neck competition.

The regional market for BFS technology is segmented into six segments namely North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Asia Pacific region is said to be a leader region wise with the highest CAGR by the year 2023, At present Asia Pacific has the largest share of BFS technology. There is a high demand of BFS technology in countries like Japan and China and at the same time there is a high rise of pharmaceutical industries in these regions. Another reason why Asia pacific the leading market for BFS technology is due to its high population rate and the need for a healthy and safe packaging product.

The key companies in the market for blow-fill-seal technology are Catalent, Recipharm, Unither Pharmaceuticals, Pharmapack, Unipharma, Curida, Weiler Engineering, The Ritedose Corporation, Unicep packaging, and Lyondellbasell.

The research process starts with the bifurcation of various market segments of global BFS technology market, followed by detection of factors affecting the growth each segment. Then, the market forecasts are done based on the inputs given by the business leaders across global BFS technology industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global BFS Technology industry dynamics
• Current estimation of the global BFS technology market size in terms of value and volume
• Global BFS technology market breakup based on product type and application.
• Substantiated global BFS technology market forecast for the next five years
• In-depth analysis of the key companies operating across different nodes of the global BFS technology industry value chain.