Fact.MR recently published a report titled, "Blow Fill Seal Technology Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027" which provides in-depth and actionable insights into the blow fill seal technology market. The report provides a comprehensive historical analysis of the blow fill seal technology market along with an exclusive and accurate forecast of the market. The study provides a detailed analysis of all the key market dynamics which influence the performance of the blow fill seal technology market along with explanations justifying their inclusion in the report. Additionally, the report provides a comprehensive assessment of all the key market facets including market drivers, threats, restraints, challenges, opportunities, and trends.
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Blow Fill Seal Technology Market Growth to be Underpinned by its Widespread Adoption in F&B Packaging
The demand for in-house packaging in the food and beverages industry is on the rise. Customized blow fill seal technology can streamline the packaging process for companies and could substantially enhance their profits by eliminating the need for warehousing of raw materials and simplifying the handling process. Blow fill seal technology is expected to find widespread adoption in the carbonated drinks packaging owing to its advanced leak proofing and sealing applications. The benefits of using blow fill seal technology in packaging are likely expected to reduce the time to market for food and beverages companies while lowering the consumption of raw material required in the process. F&B companies are growing increasingly aware of the benefits offered by the technology which, in turn, is likely to propel the growth of the blow fill seal technology market.
The blow fill seal technology market is estimated to witness prolific growth during the 2018-2027 period. Growing demand for efficient packaging solution in pharmaceuticals and F&B industries is estimated to be the key factor driving the growth of the blow fill seal technology market. Blow fill seal technology’s precision and accuracy in the development in unit dosage packaging is a vital reason that is causing its widespread adoption in the pharmaceutical industry.
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.
Sustainability Offered by Blow Fill Seal Technology to Propel Widespread Adoption
In addition to providing a solution to reduce healthcare costs and improving the efficacy of treatment, blow fill seal technology’s sustainable operation augments to the popularity of the technology. Growing concerns about the environment are prompting governments around the world to impose regulations that aim towards the preservation of the environment. Consequentially, companies are looking for solutions that can aid them in improving the sustainability of their operations. Blow fill seal technology consumes less power, aid in the reduction of waste generated during manufacturing, and have a low carbon footprint. Due to these benefits, regulatory frameworks around the world are recommending the integration of blow fill seal technology in the existing production line.
Some of the prominent players operating in the blow fill seal technology market include Catalent, Inc., Unipharma LLC, GlaxoSmithKline plc., Recipharm AB, Laboratorios SALVAT, S.A., Amanta Healthcare, Asept Pak, Inc., SIFI S.p.A, Brevetti Angela S.R.L, Nephron Pharmaceuticals Corporation, Weiler Engineering, Inc., Curida AS, Roomelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Horizon Pharmaceuticals, Takeda Pharmaceuticals AG, Unither Pharmaceuticals, The Ritedose Corporation, Automatic Liquid Packaging Solutions LLC, Pharmapack Co. Ltd., Unicep Packaging, LLC., NuPharm, BioConnection, Plastikon, Gerresheimer AG, and LyondellBasell Industries N.V.
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