Global Blow Fill Seal (BFS) Technology Market - 2020-2027
Blow fill seal (BFS) technology is used to fill variety of liquid from small to large volumes into a containers. The technology is more prevalent is the pharmaceutical, food and beverages processingand many more industries. The BFS technology has received U.S. Food and Drug Administration (FDA) approval for sage in superior form of aseptic processing for producing medicines of pharmaceutical and healthcare products.
The technology consists of various processes including extrusion, molding, sealing, filling in a single process without use of any external intervention. The fully automatic BFS technology include process for filling and sealing in a single process which provides maximum process and product reliability with precision filling.
Hence blow fill seal (BFS) technology are preferred in wide variety of applications including pharmaceuticals, cosmetic creams, nutraceuticals, food & beverages and many others. The global blow fill seal (BFS) technology market valued USD XX million in 2019 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2027.
The market is driven by the rising demand for blow fill seal (BFS) technology for reducing human intervention by reducing the risk of microbial contamination and foreign particulates in the manufacturing of pharmaceuticals. BFS technology is widely accepted for continuous filling of pharmaceutical liquid, drugs in a small containers, as well as larger volume containers such as dextrose and saline solutions.
According to the (IFPMA) in 2020, the global pharmaceutical market estimated to reach approximately US$ 1,430 billion. It propels the demand for BFS technology market used in manufacturing of pharmaceutical drugs. However high cost of the automation requires in the blow fill seal (BFS) technology hinders the market growth.
There is rising the technological advancement for rapid, more accurate and risk-free automated blow fill seal technology by mitigating human intervention have created huge opportunity for this market. For instance on 26th March Jefferies Financial Group supported ApiJect Systems America (ApiJect), a public-benefit corporation the first private-sector company.
The support is provided for developing high-volume packaging solution using advanced technology of new consortium called Rapid Aseptic Packaging of Injectable Drugs (RAPID) with the help of Blow-Fill-Seal (BFS) technology. It helps to surge capacity "to fill and finish, on a rapid basis, with hundreds of millions of prefilled syringes to respond quickly during health emergencies such as the novel coronavirus outbreak.
The global blow fill seal (BFS) technology market is segmented based on product, raw materials, technology, capacity, end-user and region.
In terms of product the global blow fill seal (BFS) technology market is bifurcated into bottles, ophthalmic and inhalation, syringes and injectable, vials, drugs, ampoules and others. Among this bottles segment has the highest market share in 2019 for the BFS technology market owing to rising demand for bottles for several purposes including for drinking, medicines, food & beverages etc. Similarly, ophthalmic and inhalation, syringes and injectable, vials, drugs, ampoules segments are also growing at faster pace owing to rising the demand for syringes, vials, drug due to rising prevalence of infectious diseases. According to Worldometer Data, the global prevalence of corona virus infection reached to more than 27.49 million cases with 0.89 million of deaths. This has been propelled the demand for syringes, injectable, drugs, ophthalmic and inhalation devices to cure the Covid-19 patients.
Depending upon the raw material, global BFS technology market is divided into Low-density polyethylene (LDPE), Polypropylene and others. Among this Polypropylene segment has the highest market share owing to rising the consumption in the manufacturing of the pharmaceutical, food and beverages plastic cans, bottles and many others.
Similarly, low-density polyethylene (LDPE) segment is also growing at faster pace owing to raising the demand of LDPE for packing fast moving consumers goods including milk, dairy products and cold drinks using BFS technology.
Based on the technology, the global BFS technology market is segmented into fully automatic, semi-automatic and manual. Among this fully automatic BFS technology has the highest market share owing to raising its usage in the pharmaceutical industries to avoid the contaminations by mitigating human intervention while manufacturing drugs and medicines.
Similarly, semi-automatic and manual segments are also growing owing to increasing the demand for food & beverages and personal healthcare products around the globe.
In terms of capacity, the global BFS technology market is segmented into Small Volume (0.1 ml to 100 mL) and large volume (above 100 mL). Among this small volume segment has the highest market share owing to increasing demand for the personal care products including eye drops, medicines, inhalation, syringes, injectable, vials and ophthalmics.
Similarly, large volume (above 100 mL) segments are also growing at faster pace owing to rising demand for the food & beverages industries.
Depending on the end-user, global Blow Fill Seal (BFS) Technology market is divided into food & beverages, pharmaceutical, personal care and others. Among this, pharmaceutical the highest market share in 2019 owing to rising development of new medicines with surge in the global research and development spending for new drugs.
Further, food & beverages, personal care segments are also growing at fastest speed owing to increasing the demand for the personal and beauty care products which requires BFS technology for filling these products to avoid contamination. According to Global Wellness Institute Organization in 2017, the global personal care, beauty and anti-aging products were valued to around US$1,083 billion which propels the BFS technology market in this sector.
By region, the global blow fill seal (BFS) technology market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Among all of the regions, North America is the dominated region for the global blow fill seal (BFS) technology market and expected to grow at the highest CAGR during the forecasted period due to growing pharmaceutical industry development owing to prevalence of infectious diseases such as Covid-19 etc.
The demand for the BFS technology in this region is also driven by presence and implementation of advanced technology for manufacturing new drugs discovery. According to the IFPMA, the United States has around 40% of global pharmaceutical market share followed by Europe. This propels the demand for advanced packaging solutions require in this industry.
Further Asia-Pacific region is also growing at faster pace for the blow fill technology market owing to growing demand by the food & beverages, cosmetics, personal care products industries followed by pharmaceuticals sector. According to the International Trade Association in Asia-Pacific countries including China, India, Japan, Australia has presence of several manufacturing facilities related to personal care & cosmetics products which valued to around US$ 1 billion in 2015. This propels the demand for BFS technology solution for packaging and filling of cosmetics creams and many other products.
The global blow fill seal (BFS) technology market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation and opportunities intensify the market competition. Hunan Chinasun Pharmaceutical Machinery Co., Ltd., Unither, Rommelag, HealthStar, Shanghai Sunway International Trade Co., Ltd., AUTOMATIC LIQUID PACKAGING SOLUTIONS, LLC, Weiler Engineering, Inc., Pharmapack Co., Ltd., Mahanagar Engineering Pvt. Ltd., Catalent, Inc, Albasit India Packaging and Wuxi Jingpai Machinery Co., Ltd., are the leading market players with significant market share.
Companies are entering into the collaborations, acquisitions, mergers and licensing for increasing their market penetration. For instance on 19th June 2019, Catalent the leading liquid packaging solutions provider for pharmaceutical industry has completed the acquisition of Bristol-Myers Squibb Manufacturing Facility at Anagni, Italy. This acquisition has enhanced the strategic development and commercialization of new medicines using advanced technology of blow fill seal. It helped to state-of-the-art sterile biologics fill/finish and oral solids manufacturing and packaging platforms.
Further 14th March 2018, Recipharm has expanded its manufacturing facility with investment of around US$ 21 million by installing new blow-fill-seal machinery at Kaysersberg, France. This has enhanced the capacity total number of lines to eight and increasing the facility's manufacturing capacity by 200 million unit doses/year with total companies manufacturing capacity rose to over 1.2 billion unit doses/year.
*The global Blow Fill Seal (BFS) Technology market report will provide access to approximately 89 market data tables, 79 figures and 248 pages