Dublin, Oct. 02, 2018 (GLOBE NEWSWIRE) -- The "Blow-fill-seal Technology Market by Material (Polypropylene & Polyethylene), Product (Bottles, Vials, Ampoules), End-use Industry (Pharmaceutical), & Region (North & South America, Europe, Asia Pacific, Middle East & Africa)- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global market for the blow-fill-seal technology is projected to grow from USD 292.3 million in 2018, to reach USD 386.0 million by 2023, at a CAGR of 5.71%.
The blow-fill-seal technology market is driven by factors, such as growth of the parent industry, increasing demand from the pharmaceutical and healthcare industry, shift in consumer preference against the use of food preservatives, and cost-effectiveness.
Factors, such as growth in demand from the pharmaceuticals sector and preference for convenient packaging in the medical sector are driving the demand for the blow-fill-seal technology. Emerging markets, such as the Asia Pacific region, have contributed to an increase in the application of the blow-fill-seal technology in packaging products. Concerns about the cost-to-benefit ratio for small manufacturers is a challenging factor for the blow-fill-seal technology market.
The polypropylene segment, by material, is projected to grow at the highest CAGR between 2018 and 2023. The increase in demand from the pharmaceutical & healthcare industries is driving the growth of polypropylene in the blow-fill-seal technology market. PP is largely used for the manufacture of products, including bottles, vials, and ampoules using the BFS technology. It has superior qualities and is a versatile & cost-effective raw material in comparison to other thermo-forming and polyolefin materials. Additionally, polypropylene is highly resistant to a wide variety of chemical solutions, such as acids and solvents with a temperature range of up to 1000C.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America. In the Asia Pacific region, China is the largest consumer of the blow-fill-seal technology, followed by Japan. China, with its growing pharmaceutical & healthcare and food & beverage industries, is expected to drive the blow-fill-seal technology market. Japan, with its growing inclination towards convenient product packaging, is expected to influence the blow-fill-seal technology market in the Asia Pacific region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Developing Economies to Register High Growth in Demand for Blow-Fill-Seal Technology
4.2 Blow-Fill-Seal Technology Market, By Material
4.3 Blow-Fill-Seal Technology Market, By Product
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From the Pharmaceutical & Healthcare Industries
5.2.1.2 Growth of the Parent Industry
5.2.1.3 Shift in Consumer Preference Against the Use of Food Preservatives
5.2.2 Opportunities
5.2.2.1 Increasing Demand From the Aseptic Packaging Industry
5.2.3 Challenges
5.2.3.1 Cost-To-Benefit Ratio A Concern to Small Manufacturers
6 Blow-Fill-Seal Technology Market, By Product
6.1 Introduction
6.2 Bottles
6.3 Vials
6.4 Ampoules
6.5 Pre-Filled Syringes & Injectables
7 Blow-Fill-Seal Market, By Raw Material
7.1 Introduction
7.2 Polypropylene (PP)
7.3 Polyethylene (PE)
7.3.1 High-Density Polyethylene
7.3.2 Low-Density Polyethylene (LDPE)
8 Blow-Fill-Seal Technology Market, By End-Use
8.1 Introduction
8.2 Pharmaceuticals
8.3 Others
9 Blow-Fill-Seal Technology Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.2.1 Catalent
10.2.2 Recipharm AB
10.2.3 Unither Pharmaceuticals (France)
10.2.4 Sealed Air Corporation
10.2.5 Westrock
10.3 Competitive Scenario
10.3.1 Agreements
10.3.2 Expansions
10.3.3 Acquisitions
11 Company Profiles
11.1 Introduction
11.2 Catalent
11.3 Recipharm
11.4 Unither Pharmaceuticals
11.5 Rommelag
11.6 Pharmapack
11.7 Unipharma
11.8 Curida
11.9 Weiler Engineering
11.10 The Ritedose Corporation
11.11 Unicep Packaging
11.12 Additional Company Profiles
11.12.1 Lyondellbasell
11.12.2 Gerresheimer
11.12.3 Bioconnection
11.12.4 Nupharma Group
11.12.5 Salvat
11.12.6 Primapharma
11.12.7 Asept Pak
11.12.8 Plastikon
11.12.9 Birgi Mefar Group
11.12.10 Unolab
For more information about this report visit https://www.researchandmarkets.com/research/5wpzd8/blowfillseal?w=12
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