Global Blow-fill-seal Technology Market to 2023 with Market Rankings of Key Players - Catalent, Recipharm AB, Unither Pharmaceuticals & Sealed Air Corp
DUBLIN, Oct. 2, 2018
DUBLIN, Oct. 2, 2018 /PRNewswire/ --
The "Blow-fill-seal Technology Market by Material (Polypropylene & Polyethylene), Product (Bottles, Vials, Ampoules), End-use Industry (Pharmaceutical), & Region (North & South America, Europe, Asia Pacific, Middle East & Africa)- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The growth of the blow-fill-seal technology market from USD 292.3 million in 2018 to USD 386.0 million by 2023, at a CAGR of 5.71%
The blow-fill-seal technology market is expected to witness high growth due to factors, such as rise in the middle-class populations, growth in demand from the pharmaceutical and other industries including chemical, food & beverage, and automotive; and preference for hygienic and convenient packaging.
This report has been segmented on the basis of material, product, end-use industry, and region. On the basis of material, the polypropylene segment, which is projected to be the fastest-growing market during the forecast period, is estimated to account for the largest share in 2018. On the basis of product, the vials segment is estimated to account for the largest share in 2018, while the pharmaceutical segment is estimated to be leading application of the blow-fill-seal technology in 2018. Both these segments are projected to grow at the highest CAGRs between 2018 and 2023, in their respective segments.
In terms of value, the flexible blow-fill-seal technology segment is estimated to account for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period. Factors such as rising demand for aseptic procedures and packaging to fill parental preparations, easy and convenient packaging, and developments in the pharmaceutical packaging industry are fueling market growth. Moreover, the availability of a wide range of inventive packaging solutions is expected to greatly influence the global demand for the BFS technology in the near future. The BFS technology market is projected to witness significant growth in future due to the benefits provided and usage in the pharmaceutical industry. The global BFS technology market is driven by factors, which include strong growth in demand, especially for aseptic pharmaceutical packaging products.
In terms of value, the polypropylene segment, by material, is estimated to account for the largest market share in 2018, and is projected to grow at the highest CAGR during the forecast period. This growth is attributed to its application in almost all types of packaging variables, as it offers good thermal insulation and prevents contamination of products.
By application, the pharmaceutical segment is projected to grow at the highest CAGR due to the high demand for pharmaceutical products. Growth of the pharmaceutical sector is attributed to the increasing demand for accurate single-dose packages in order to optimize product quality for manufacturers and offer precise dosages for consumers. There is a high demand for accurately dosed bottles, ampoules, and vials in the single-dose packaging market. Compared to other packaging forms, these are lightweight and easily portable, and are hence suitable for on-the-go lifestyles.
In 2018, the Asia Pacific region is estimated to account for the largest share in the total market for blow-fill-seal technology, in terms of value, followed by North America and Europe, owing to manufacturers' focus on developing low-cost blow-fill-seal technology options. The Asia Pacific region is projected to register the highest growth during the forecast period; owing to the growing demand for aseptic packaging in pharmaceutical industries in this region. Growth of this region is supplemented by the expansion of the consumer industry, coupled with the growing packaging industry in emerging economies, such as India, Japan, and China. The blow-fill-seal technology market in the North American region is developed and mature; the markets in the US and Canada are projected to grow at the highest CAGRs from 2018 to 2023.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Developing Economies to Register High Growth in Demand for Blow-Fill-Seal Technology
4.2 Blow-Fill-Seal Technology Market, By Material
4.3 Blow-Fill-Seal Technology Market, By Product
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Increasing Demand From the Pharmaceutical & Healthcare Industries
126.96.36.199 Growth of the Parent Industry
188.8.131.52 Shift in Consumer Preference Against the Use of Food Preservatives
184.108.40.206 Increasing Demand From the Aseptic Packaging Industry
220.127.116.11 Cost-To-Benefit Ratio A Concern to Small Manufacturers
6 Blow-Fill-Seal Technology Market, By Product
6.5 Pre-Filled Syringes & Injectables
7 Blow-Fill-Seal Market, By Raw Material
7.2 Polypropylene (PP)
7.3 Polyethylene (PE)
7.3.1 High-Density Polyethylene
7.3.2 Low-Density Polyethylene (LDPE)
8 Blow-Fill-Seal Technology Market, By End-Use
9 Blow-Fill-Seal Technology Market, By Region
10 Competitive Landscape
10.2 Market Ranking of Key Players
10.2.2 Recipharm AB
10.2.3 Unither Pharmaceuticals (France)
10.2.4 Sealed Air Corporation
10.3 Competitive Scenario
11 Company Profiles
11.4 Unither Pharmaceuticals
11.9 Weiler Engineering
11.10 The Ritedose Corporation
11.11 Unicep Packaging
11.12 Additional Company Profiles
11.12.4 Nupharma Group
11.12.7 Asept Pak
11.12.9 Birgi Mefar Group
For more information about this report visit https://www.researchandmarkets.com/research/k98mr3/global?w=5
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SOURCE Research and Markets