(MENAFN- Ameliorate Digital Consultancy)
The market for blow fill and seal technology is anticipated to reach US$ 3.0 billion in value in 2022 and continue to grow at a CAGR of 8.6% to reach US$ 7.0 billion by the end of 2032.
By the end of 2022, blow Blowfill Seal's share of the worldwide pharmaceutical packaging market was close to 3.3%. Pharmaceuticals, food and beverage, cosmetics, and personal care, as well as other industries (chemicals, etc.) utilize BFS technology.
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Pharmaceutical companies are able to increase the flexibility of ampoules, bottles, vials, prefilled syringes, and injectables thanks to blow fill seal technology. By using blow fill seal technology, the equipment is given more flexibility, making it easier to carry and less likely to damage.
According to the FactMR research, pharmaceutical businesses are gradually moving away from utilising rigid raw materials like plastic to package drugs using flexible raw materials like propylene. The significant change can be attributable to these materials' enhanced stability, shelf-life, and sterility.
The level of automation that is made possible by blow fill seal technology is another factor driving its growth. With the use of technology, pharmaceutical companies are now able to make unit dose packaging units constantly with the fewest possible manufacturing flaws and the least amount of human involvement possible. Single or unit dose packaging is more effective at reducing medication-related human error, which enhances treatment effectiveness overall.
In addition, blow fill seal containers are a reliable packaging choice for medications because they are tamper-evident and temperature resistant. Unit dose packaging is also increasingly being used in a variety of industries and sectors. Cosmetic companies are giving away samples of their goods in this compact packing format as part of sophisticated marketing campaigns. The fact that many companies are considering using unit packaging for their convenience is anticipated to increase demand for blow fill seal technology in the near future.
Sustainability Offered by Blow Fill Seal Technology to Propel Widespread Adoption
The appeal of blow fill seal technology is boosted by its sustainable operation, which also offers a way to save healthcare expenses and boost treatment efficacy. Governments all across the world are enacting legislation designed to preserve the environment in response to growing environmental concerns. As a result, businesses are seeking for solutions to help them increase the sustainability of their business operations. The blow fill seal technology has a small carbon footprint, uses less power, and helps cut down on manufacturing waste. Because of these advantages, regulatory systems all over the world advocate integrating blow fill seal technology into the current production chain.
Additionally, blow fill technology helps reduce the time to market, which may enable the development of in-house packaging solutions and potentially result in a significant decrease in production costs by eliminating the need to store prefabricated containers for packaging. These reasons have led to a widespread use of blow fill seal technology in the food and beverage and pharmaceutical sectors. The beverage industry has embraced blow fill seal technology widely because of its superior sealing and leak proofing capabilities.
North America to Hold a Significant Revenue Share of the Blow Fill Seal Technology Market
The presence of advanced infrastructure and mature pharmaceutical market in North American countries is estimated to uphold the demand for blow fill seal technology in the region. The region is estimated to hold over 35% of the market share in 2019. Increasing investments in the pharmaceutical industry coupled with intensifying efforts towards improving healthcare in Western Europe is likely to drive the growth of the market in the region and it is expected to account for the second largest share of the blow fill seal technology market. Latin America is estimated to provide lucrative opportunities for blow-fill seal technology manufacturers as pharmaceutical companies in the region continue to shift towards the use of blow-fill seal technology for packaging over conventional packaging solutions.
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Demand for Polyethylene in BFS Manufacturing to Remain Buoyant
The Fact.MR study opines that out of the different materials utilized in blow fill seal technology, demand for polyethylene is estimated to remain robust. Growing demand for polyethylene can be attributed to its inert nature, low gas and water permeability, and its non-interference properties. Among the different categories of polyethylene materials, demand for low-density polyethylene (LDPE) is estimated to outpace the demand for other materials owing to its resistivity to both bases and acids, and its non-reactive property.
Segmentation of Blow Fill Seal Technology Industry Research
By Product Type : Bottles 0.2-100ml 100-500ml Above 500ml
Ampoules Vials Prefilled Syringes & Injectable
By Material Type : By End-Use : Pharmaceuticals Ophthalmic Injectable Biologics Wound Care Respiratory Therapy
Food & Beverages Cosmetics & Personal Care Others (Chemicals etc.)
By Region : North America Latin America Europe East Asia South Asia & Oceania MEA
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