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Global Blow Fill Seal Technology Market Was Valued At US$ XX Mn in 2019 and It Is Projected To Reach around US$ 490 Mn by 2028, Witnessing A Moderate CAGR Of 5.7% during the Forecast Period
Blow Fill Seal technology is used for production of large as well as small liquid filled containers of polymer. This technology is widely used in the pharmaceutical industry owing to its various features such as aseptic qualities, ease in processing, and hermetic sealing. Growing demand for unit dose packaging solutions is expected to boost the overall market growth. The market is also projected to be driven by the various factors such as hygienic and convenient packaging as there is less human intervention in the process. Increasing demand from various end use industries such as pharmaceutical, food & beverages, chemical among others is projected to show the lucrative growth over the forecast period. The cost of blow fill seal technology is comparatively higher than other techniques that subsequently results in the increased price of the final product. The government regulations related to packaging of pharmaceutical products are expected to propel the market growth.
By Material Type, Polypropylene Segment Is Expected To Account for Majority of Market Value Share of Global Blow Fill Seal Technology Market
Polypropylene segment accounted for significant market value share of XX% in global blow fill seal technology market in 2019. Polypropylene segment is projected to show lucrative growth in global blow fill seal technology market and is also expected to hold majority of share in terms of value. The material is used for almost all type of packaging applications owing to its various features such as prevention of contamination of products, better thermal insulation than other types of materials, among others. Polypropylene material is used in almost all the end use industries because of its versatile nature. All these factors are together boosting the market growth.
By Product Type, Bottles Segment Is Expected To Account for Majority of Market Value Share of Global Blow Fill Seal Technology Market
Bottles segment accounted for significant market value share of XX% in global blow fill seal technology market in 2019.
Bottles segment is expected to grow with significant CAGR and projected to hold the majority of the market share at the end of the forecast period. Bottles are extensively used for filling various types of applications as it is easy to use and highly convenient. Bottles are widely used for the pharmaceutical applications. Subsequently, this will boost the market growth for the blow fill seal technology.
By End Use Industry, Pharmaceutical Industry Is Expected To Account For Majority Of Market Value Share Of Global Blow Fill Seal Technology Market. Pharmaceutical Industry Accounted For Significant Market Value Share of XX% in Global Blow Fill Seal Technology Market In 2019
Pharmaceutical industry is projected to remain the prominent industry in the global blow fill seal technology market. The pharmaceutical industry is expected to grow at the lucrative rate during the forecast period. Growing demand for accurate single dose packages is one of the prime factors that are propelling the market growth for the pharmaceutical industry. This in turn offers the accurate dosage for the consumers. All these factors are together boosting the market growth for the global blow fill seal technology market.
By Region, Asia Pacific Region Is Projected To Hold the Significant Market Share of Global Blow Fill Seal Technology Market during the Forecast Period
Asia Pacific accounted for the significant market value share of xx% in global blow fill seal technology market in 2019. Asia pacific region is projected to register the lucrative growth rate owing to the increasing use of aseptic packaging in the pharmaceutical industry. The growth of the Asia pacific region is also supported by the growing consumer and packaging industries in the emerging economies such as India and China. Pharmaceutical industry in India and China is growing with significant rate that signficantly boosts the market growth. This will in turn boost the market growth for the global blow fill seal technology market.
Key players of the market are continuously focusing on to provide the blow fill seal technology with advance features. Key players operating in the global blow fill seal technology market are Recipharm, Catalent, Unither Pharmaceuticals, Unipharma, Pharmapack, Curida, The Ritedose Corporation, Unicep Packaging, Weiler Engineering among others.
By Material Type:
- High-density Polyethylene
- Low-density Polyethylene
- Ethylene Vinyl Alcohol (EVOH)
- Other Materials
By Product Type:
- Pre-filled Syringes & Injectables
By End-use Industry
- Food & Beverages
- Others (Chemical, and Personal Care, Sectors)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa