"Increasing Demand Among the Pharmaceuticals Packaging is Driving the Blow Fill Seal Equipment Market"
Globally, the blow fill seal equipment market is expected to rise with a CAGR of 6.2% during the forecast period, from US$300.1 Mn in 2018. The growth of this market is driven by the increasing demand for the blow fill seal technology across the pharmaceuticals companies across the globe. The pharmaceutical companies are leveraging this technology for the packaging and storage of medicines. The high aseptic packaging nature of the technology along with the high speed of the operation makes it a suitable option for the pharmaceuticals packaging.
The wide acceptance of the technology by the regulatory authorities such as FDA, EMEA, and USP are further accelerating the adoption of the equipment in the market. Furthermore, the growing demand for a convenient packaging solution along with the rising adoption of the qualitative filling techniques is augmenting the growth of the market. However, the high cost of the blow fill seal technology that results in the rising price of the product. This is restricting the adoption of the blow fill seal equipment. Moreover, the growing adoption of other sustainable packaging solutions also serves as a major constraint in the growth of the market.
Market Synopsis
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"Vials Segment is Dominating the Blow Fill Seal Equipment Market"
The blow fill seal equipment market is categorized based on the product type into the bottles, ampoules, vials, and prefilled syringes and injectable. The vials segment accounted for the leading market share of over 30% of the total revenue generated in 2018. The growth of the market is driven by the increasing adoption of the vials in the pharmaceuticals sector for the storage of medicines. The vials are widely used to store liquid, powder, and capsules. It is used for primary and secondary storage of highly sensitive medicines to protect from the external environment. Moreover, the growing use of vials in scientific research is further driving the growth of the market.
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"North America is Leading the Blow Fill Seal Equipment Market"
North America dominated the blow fill seal equipment market with a majority share of around 35% in the revenue in 2018. The market is driven by the increasing adoption of aesthetic packaging in the region. The growing pharmaceuticals packaging market is further estimated to accelerate the adoption of the blow fill seal equipment market. However, Asia-Pacific followed by Europe and other markets such as Latin America and MEA also expected to witness significant growth during the forecast period. The expansion of the major market players in the region is augmenting the growth of the market.
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The prominent players in the blow fill seal equipment market are Bosch Packaging Technology GmbH, Brevetti Angela S.R.L., Catalent, GEA Group, Hunan CHINASUN Pharmaceutical Machinery CO. Ltd., Marchesini Group S.p.A, Serac Inc., RecipharmRommelagKunststoff-MaschinenVertriebsgesellschaft GmbH, Sidel S.A., SIPA S.p.A., UnitherPharamceuticals, and Weiler Engineering.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The blow fill seal equipment market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global blow fill seal equipment market based on product type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2018-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2017–2027; US$ Mn)
• Ampoules
• Bottles
• Prefilled Syringes & Injectable
• Vials
|
|
By Application Segment (2017–2027; US$ Mn)
• Pharmaceuticals
• Food & Beverages
• Cosmetics & Personal Care
• Others
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of blow fill seal equipment in 2018 and forecast up to 2027?
- Which is the largest regional market for blow fill seal equipment?
- What are the major trends followed in blow fill seal equipment market across different regions?
- Who are the key companies in the blow fill seal equipment market?
- What are the key strategies adopted by the leading blow fill seal equipment companies in the market?
Unique data points of this report
- Statistics on blow fill seal equipment and spending worldwide
- Recent trends across different regions in terms of adoption of blow fill seal equipment for various applications
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
