The worldwide blow fill seal technology market will undoubtedly develop on a vivacious note somewhere in the range of 2022 and 2031 at a CAGR of 9%. It is normal to arrive at US$ 6.2 Bn constantly 2031.
The market’s general development guess stays ideal, especially as interest for successful bundling technology keeps on moving across different businesses.
Blow fill seal (BFS) technology is profoundly pursued as a favored bundling arrangement in drug fabricating. It uses a solitary incorporated machine to deliver formed drugs aseptically with no human mediation.
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According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast remains positive for the market, especially as demand for effective packaging technology continues to rise across various industries.
and sealed inside the machine continuously without any kind of external contamination. It is a fast, precise, and safe method for pharmaceutical filling and it uses lesser energy. The material used is often recyclable and more durable than glass.
The machine is capable of producing different shapes according to the end user’s requirements. As BFS technology increases processing speed and supports contamination free packaging, this technology becomes a first choice of many end users.
The BFS technology finds application across diverse industries. However, pharmaceutical industry remains its key end user. Main products produced using this technology are the bottles, ampoules, vials and pre-filled syringes, etc.
which are used in filling of medicines, vaccines, ophthalmic, respiratory, injectable drugs, wound care, and biologics. Apart from this, BFS technology has applications in food & beverage, cosmetic and personal care, and many other industries.
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.
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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.
“Blow fill seal technology has been witnessing high demand from pharmaceutical companies in Latin America and Asia Pacific. Unit dosage packaging, such as prefilled syringes are in high demand, which in turn is spurring the demand for blow fill seal technology in these regions” says an FMI analyst.
Why R&D Is Key To Market Consolidation?
The higher application of blow fill seal technology results into a lesser requirement of labor. Additionally, by BFS or blow fill seal technology, manufacturing companies can reduce the range of facility-related costs.
This can be possible because of the smaller impact than the traditional filling process, a smaller warehouse for storing materials, and utility consumption in reduced manner that involves zero water for injection or washing requirement. The technology is capable of producing a very high equipment-effectiveness that results in a higher output for investment.
It has been recognized by the regulatory agencies that the major reason of sterility-failure is the human involvement. Additionally, the huge advantage that BFS technology provides to the world is the elimination of the human-effort from the process.
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Key Takeaways of Blow Fill Seal Technology Market Study
- The BFS technology market is to exhibit 5.4% Y-o-Y growth in 2021
- The U.S. will emerge as a highly lucrative destination, accounting for over 84% of the North America market
- The U.K. is set to exhibit 8% Y-o-Y growth in 2021
- France and Germany will emerge as highly lucrative markets for BFS technology in Europe
- Japan and South Korea will continue exhibiting high demand
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.”
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