PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258109
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258109
Global Blow-fill-seal Technology Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Blow-Fill-Seal (BFS) technology is a method used to manufacture liquid-filled polymer container as small volume (0.1mL to 99mL) and large volume (100mL and above). The technology was created in Europe, where it is in high demand, followed by North America. In the pharmaceutical industry, the technique is frequently used to fill parental solutions with comparatively low human involvement. Various regulatory authorities, including the U.S. Food and Drug Administration, view the technology as a preferable approach for aseptic filling of parental preparation (FDA). The filling of eye drops, infusions, inhalations, and other parental preparations uses the Blow-Fill-Seal (BFS) method. The key factor driving the market growth is rising demand in pharmaceutical product packaging also another factor propel the market growth is growing demand in food and beverages industry for various product packaging.
The blow fill seal technology is widely used in pharmaceutical industry for packaging eye drop and other medicines. Thus, the rising pharmaceutical industry is anticipated to create the lucrative demand for the market. According to Statista, in 2019, the global pharmaceutical market was valued USD 1278 billion and the number reached USD 1450 billion in 2021. As a result, the rising pharmaceutical market is anticipated to support the market growth. Additionally, the rising technological advancement and growing demand form the aseptic packaging industry is anticipated to create the lucrative opportunity for the market during forecast period. However, the high cost of Blow-fill-seal Technology stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Blow-fill-seal Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players and rising demand in pharmaceutical industry that anticipated to support the market growth in the region. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as growing food and beverages industry and rising demand in pharmaceutical packaging would create lucrative growth prospects for the Blow-fill-seal Technology market across Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable