Bizizz Market Research has recently published a research report, “Blow Fill Seal Technology Market By Material Type (Polyethylene, Polypropylene, High-density Polyethylene, Low-density Polyethylene, Ethylene Vinyl Alcohol (EVOH) and Other Materials), Product (Bottles, Ampoules, Vials and Pre-filled Syringes & Injectable), End-user (Pharmaceutical, Food & Beverages and Others (Chemical, and Personal Care, Sectors)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Blow Fill Seal Technology Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 490 Mn by 2027, witnessing a CAGR of 5.7 % during the forecast period. Key drivers of the market are
Globally the Blow Fill Seal technologies are used in the manufacturing of greater and small liquid-filled containers of the polymer. Technology is exponentially utilized in the pharmaceutical industry contributing to its different features including as aseptic qualities, ease of processing, and hermetic sealing. Demand increases of unit dose packaging solutions are anticipated to propel the net market growth of blow fill seal technologies. The market is anticipated to significantly contribute through different factors including hygienic and convenient packaging because of less human intervention in the process. Raising demand of different end-use industries including pharmaceutical, food & beverages, chemical among others is anticipated to show good opportunities of growth during the forecast period. The costs of blow fill seal technology are greater than various techniques that had resulted in the greater price of the end product. Government regulations regarding the packaging of pharmaceutical offerings are anticipated to expand its market growth.
The Blow Fill Seal Technology market is anticipated to register a CAGR of over 5.7% during the forecast period.
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By Materials, Polypropylene segment held a key share in Global Blow Fill Seal Technology Market in 2018.
The market of blow fill seal technology is dominant by Polypropylene segment estimated for a significant market share of XX% in 2018. Polypropylene segment is anticipated to have a substantial growth for the global blow fill seal technology and it is also projected to lead the vital share in the market. The material is utilized in most all the types of packaging applications in different features including the elimination of contamination, greater thermal insulation in contrast to other types of materials, among others. Polypropylene material is utilized in almost various end use industries by its versatile nature. All such actions are together stimulating the market growth.
North America is Anticipated to Dominate the Global Blow Fill Seal Technology Market during the Forecast Period.
Asia Pacific is estimated to have a significant market demand of xx% in the global blow fill seal technology market in 2018. Asia Pacific region is anticipated to account the lucrative growth rate by a propelling the usage of aseptic packaging in the healthcare industry. The demand of it’s in the Asia Pacific region is contributed through increasing consumer and packaging industries in developing economies including India and China. The pharmaceutical industry in India and China are growing by significant rate that fosters the market growth.
Global Blow Fill Seal Technology market was moderately consolidated with key players accounting for significant share in 2018. The competitors are considerably offering innovative products to the end-user industries that propel the market demand of blow fill seal technology.
Prominent players operating in the Global Blow Fill Seal Technology Market are: Unipharma, Catalent, Pharmapack, Curida, Unither Pharmaceuticals, Recipharm, The Ritedose Corporation, Unicep Packaging, Weiler Engineering, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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