Market Research Report
Blow Fill Seal (BFS) Technology - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||550981|
|Published||Content info||159 Pages
Delivery time: 2-3 business days
|Blow Fill Seal (BFS) Technology - Global Market Outlook (2017-2023)|
|Published: August 1, 2017||Content info: 159 Pages||
According to Stratistics MRC, the Global Blow Fill Seal (BFS) Technology market is estimated at $198.56 million in 2016 and is expected to reach $325.56 million by 2023 growing at a CAGR of 7.3% from 2016 to 2023. Factors such as rising demand for a qualitative procedure for filling parental preparation, easy & convenient packaging and improvements in pharmaceutical packaging industry are fueling the market growth. In addition, increasing demand for ascetic packaging provides huge opportunity for the market to grow. Moreover, the availability of wide range of inventive packaging solutions will eventually have a substantial influence on the global demand for the market in the future. However, higher cost of manufacturing is the key factor hindering the market growth.
By end user, pharmaceuticals segment has registered considerably high market share during the forecast period as the technology is now a day's mainly used for parental preparation filling with least contamination. The Asia-Pacific exhibits largest market share especially in China. The companies manufacturing this technology have extensively high growth opportunity in this region.
Some of the key players in the market include Wuxi Jingpai Machinery Co., Ltd., Weiler Engineering, Inc., Unither Pharmaceuticals, Unipharma, Takeda Pharmaceuticals International, Shantou Jinping Shunyi Packing Machinery Plant, Shanghai Sunway International Trade Co., Ltd., SAN TUNG MACHINE INDUSTRY CO., LTD., Rommelag Kunststoff-Maschinen Vertriebsgesellschaft, Pharmapack Co., Ltd., Nephron Pharmaceuticals Corporation, Mahanagar Engineering Pvt. Ltd., Hunan FE Pharmaceutical Machinery Co., Ltd., Horizon Pharmaceuticals, HealthStar, Companies-Filling Machines Division, Catalent, Inc, Brevetti Angela, Automatic Liquid Packaging Solutions, LLC and Albasit India Packaging.