Blow fill seal (BFS) technology is highly sought after in the pharmaceutical business as a preferred packaging solution. It uses a single integrated piece of equipment to create prepared medications aseptically without the need for human intervention. According to Future Market Insights (FMI), the BFS technology market will reach US$ 2.8 billion by the end of 2022, with a CAGR of 9%. It is expected to reach US$ 6.2 billion by 2031.
Overall, the market’s growth prospects are favourable, especially as demand for effective packaging technology continues to rise across a wide range of industries.
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Using BFS technology, the plastic is blown, filled with the formulated product, and then sealed inside the machine without any external contamination. It is an energy-efficient, rapid, precise, and safe method of filling medications.
Many of the materials used are recyclable and have a longer lifespan than glass. Depending on the needs of the final consumer, the machine can generate a variety of shapes. BFS technology is preferred by many end users since it increases processing speed while also ensuring contamination-free packaging.
BFS technology is used in a wide range of industries. The pharmaceutical industry, however, remains the largest end user. Medication, vaccines, ophthalmology, respiratory, injectable medicines, wound care, and biologics are routinely packed in bottles, ampoules, vials, and pre-filled syringes, among other items. Food and beverage, cosmetics and personal care, and a range of other businesses can all benefit from BFS technology.
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Blow Fill Seal Technology Market Study Key Takeaways
- In 2021, the BFS technology industry is expected to increase by 5.4 percent year over year.
- With almost 84 percent of the North American market, the United States will emerge as a highly profitable destination.
- In 2021, the United Kingdom is expected to increase by 8% year on year.
- In Europe, France and Germany will emerge as very profitable markets for BFS technology.
- High demand will continue to exist in Japan and South Korea.
“Pharmaceutical industries in Latin America and Asia Pacific have been clamouring for blow fill seal technology. According to an FMI analyst, “unit dose packaging, such as prefilled syringes, is in high demand, which is driving demand for blow fill seal technology in these markets.”
Blow Fill Seal Technology Assists in the Prevention of Medical Non-Adherence
Medical adherence has created a catastrophic scenario for the healthcare and pharmaceutical industries over the last two decades.
For example, according to an FMI study, 40 percent to 50 percent of prescribed medications are not properly taken by patients in the United States. Furthermore, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, patients are losing more than $200 billion as a result of not taking medicine at the appropriate time.
To address the problem, the pharmaceutical industry is working hard to improve medication packaging. For the subject of “right dose at right time,” the industry is working on appropriate and simple packaging.
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The Market Key Players for Blow Fill Seal Technology
Some of the key players include Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta The blow fill seal technology industry is fragmented, with Tier 1 companies accounting for 40-45 percent of the global market.
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