Blow Fill Seal Technology Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Polyethylene, And Polypropylene), By Product (Vials, Bottles, And Ampoules), By End-User (Pharmaceuticals, Food & Beverage, Cosmetics, And Chemicals), And By Geography - Forecasts From 2019 To 2024
- Published : Mar 2021
- Report Code : KSI061612708
- Pages : 106
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The blow fill seal technology market is expected to grow at a compound annual growth rate of 5.23% over the period 2019 to 2024 to reach a market size of US$473.751 million by 2024 from US$348.873 million in 2018. Blow fill seal technology refers to the manufacturing of a product in which a product is formed, filled, and sealed in a continuous process. The rising preference for convenient and hygienic packaging is expected to drive the market for blow fill seal technology. Further, the rising demand for flexible packaging coupled with increasing demand for blow fill seal technology by various industry verticals such as pharmaceutical, food & beverage among others is anticipated to fuel the market in the upcoming years. The market has been segmented on the basis of material, end-use, and geography. In the material segment, polypropylene is expected to hold a significant share in the market on account of its chemical resistance and heat resistance properties. Further, in the end-user segment, pharmaceutical is estimated to be a substantial shareholder due to the rising pharma industry across the globe coupled with the rising demand for precise dosage of medicines. Geographically, Asia Pacific is projected to grow at an appreciable rate on account of the rising pharmaceutical industry along with the growing packaging industry in developing countries like China and India.
DRIVERS
- Rising demand from various industry verticals.
- Growing preference for hygienic and easy-to-use packaging.
OPPORTUNITIES
- Increasing demand for aseptic packaging.
The major players profiled in the Blow Fill Seal Technology market include Asept Pak Inc., Unolab, NEURAXPHARM, BioConnection, LyondellBasell Industries Holding B.V., Plastikon Industries Inc., and PrimaPharma Inc. among others.
Blow Fill Seal Technology Market Scope:
| Report Metric | Details |
| Market size value in 2018 | US$348.873 million |
| Market size value in 2024 | US$473.751 million |
| Growth Rate | CAGR of 5.23% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Million |
| Segments covered | Material, Product, End-User, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Asept Pak, Inc., Unolab Manufacturing SL, NEURAXPHARM, BioConnection, LyondellBasell Industries Holdings B.V., Plastikon Industries, Inc., PrimaPharma, Inc., BirgiMefar, Salvat, Catalent, Inc., Recipharm AB |
| Customization scope | Free report customization with purchase |
Segmentation
The blow fill seal technology market has been analyzed through the following segments:
- By Material
- Polyethylene
- Polypropylene
- By Product
- Vials
- Bottles
- Ampoules
- By End-User
- Pharmaceuticals
- Food & Beverage
- Cosmetics
- Chemicals
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Others
- Middle East and Africa
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the blow fill seal technology market size by 2024?
A1. The blow fill seal technology market is expected to reach a market size of US$473.751 million by 2024.
Q2. What are the growth prospects for the blow fill seal technology market?
A2. Blow Fill Seal Technology market is expected to grow at a CAGR of 5.23% over the forecast period.
Q3. Which region holds the largest market share in the blow fill seal technology market?
A3. Geographically, Asia Pacific is projected to grow at an appreciable rate on account of the rising pharmaceutical industry along with the growing packaging industry in developing countries like China and India.
Q4. What is the size of the global blow fill seal technology market?
A4. The blow fill seal technology market was valued at US$348.873 million in 2018.
Q5. What factors are anticipated to drive the blow fill seal technology market growth?
A5. The rising preference for convenient and hygienic packaging is expected to drive the market for blow fill seal technology.
Asept Pak, Inc.
Unolab Manufacturing SL
NEURAXPHARM
BioConnection
LyondellBasell Industries Holdings B.V.
Plastikon Industries, Inc.
PrimaPharma, Inc.
BirgiMefar
Salvat
Catalent, Inc.
Recipharm AB
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