"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$ 337.3 Mn in 2020. 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.

"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 2020. 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.

"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 2020. 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.

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., Recipharm Rommelag Kunstst off-Maschinen Vertriebsgesellschaft GmbH, Sidel S.A., SIPA S.p.A., UnitherPharamceuticals, and Weiler Engineering.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Blow Fill Seal Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Blow Fill Seal Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Blow Fill Seal Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Blow Fill Seal Equipment market?
• Which is the largest regional market for Blow Fill Seal Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Blow Fill Seal Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Blow Fill Seal Equipment market worldwide?