Blow-fill-seal Technology Market Projected to Reach $386.0 million by 2023

1. MarketsandMarkets Presents Blow-fill-seal Technology Market Projected to Reach $386.0 million by 2023 https://www.marketsandmarkets.com/Market-Reports/blow-fill-seal-technology-market-151867774.html

2. The report "Blow-fill-seal Technology Market by Material (Polypropylene & Polyethylene), Product (Bottles, Vials, Ampoules), End-use Industry (Pharmaceutical), and Region (North & South America, Europe, Asia Pacific, Middle East & Africa) - Global Forecast to 2023", The blow-fill-seal technology market size 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%. Browse 160 market data Tables and 23 Figures spread through 139 Pages and in-depth TOC on "Blow-fill-seal Technology Market - Global Forecast to 2023“ Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=151867774 Research Methodology: The research methodology used to estimate and forecast the market size included the top-down approach. The total market size for blow-fill-seal technology was calculated, and accordingly, percentages were allotted to different sectors in each of the segments, which were based on extensive primary interviews and secondary research, such as the Blow-Fill-Seal International Operators Association (BFS IOA), Blow-fill-seal Technology World, Blow-fill-seal Technology Magazine, and the Packaging World. Primary research involved in this report includes extensive interviews with key people, such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. https://www.marketsandmarkets.com/Market-Reports/blow-fill-seal-technology-market-151867774.html

3. Scope of the Report: • This research report categorizes the blow-fill-seal technology market based on material, product, end-use industry, and region. • Blow-Fill-Seal Technology Market, Based on Material: • Polypropylene • Polyethylene • High-density Polyethylene • Low-density Polyethylene • Blow-Fill-Seal TechnologyMarket, Based on product: • Bottles • Vials • Ampoules • Pre-filled Syringes & Injectables • Blow-Fill-Seal Technology Market, Based on End-use Industry: • Pharmaceutical • Others (Chemical, Personal Care, and Food & Beverage Sectors) • Blow-Fill-Seal Technology Market, Based on Region: • North America • Europe • Asia-Pacific • South America • Middle East & Africa https://www.marketsandmarkets.com/Market-Reports/blow-fill-seal-technology-market-151867774.html

4. Industry Insights: MarketsandMarkets projects the growth of the blow-fill-seal technology market from USD 292.3 million in 2018 to USD 386.0 million by 2023, at a CAGR of 5.71%. The blow-fill-seal technology market is expected to witness high growth due to factors, such as rise in the middle-class populations, growth in demand from the pharmaceutical and other industries including chemical, food & beverage, and automotive; and preference for hygienic and convenient packaging. This report has been segmented on the basis of material, product, end-use industry, and region. On the basis of material, the polypropylene segment, which is projected to be the fastest-growing market during the forecast period, is estimated to account for the largest share in 2018. On the basis of product, the vials segment is estimated to account for the largest share in 2018, while the pharmaceutical segment is estimated to be leading application of the blow-fill-seal technology in 2018. Both these segments are projected to grow at the highest CAGRs between 2018 and 2023, in their respective segments. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=151867774 In terms of value, the flexible blow-fill-seal technology segment is estimated to account for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period. Factors such as rising demand for aseptic procedures and packaging to fill parental preparations, easy and convenient packaging, and developments in the pharmaceutical packaging industry are fueling market growth. Moreover, the availability of a wide range of inventive packaging solutions is expected to greatly influence the global demand for the BFS technology in the near future. The BFS technology market is projected to witness significant growth in future due to the benefits provided and usage in the pharmaceutical industry. The global BFS technology market is driven by factors, which include strong growth in demand, especially for aseptic pharmaceutical packaging products. https://www.marketsandmarkets.com/Market-Reports/blow-fill-seal-technology-market-151867774.html

5. Industry Leaders: High initial capital investments are causing an unfavorable impact on the profitability of the packaging industry. The global blow-fill-seal technology market is dominated by players, such as Catalent (US), Recipharm (Sweden), Unither Pharmaceuticals (France), Pharmapack (Japan), Unipharma (US), Curida (Norway), Weiler Engineering (US), The Ritedose Corporation (US), and Unicep Packaging (US). Other players include Lyondellbasell (US), Gerresheimer (Germany), BioConnection (Netherlands), NuPharm Group (Germany), Salvat (Spain), PrimaPharma (US), Asept Pak (US), Plastikon (US), BirgiMefar Group (Turkey), and UNOLAB (Spain). These players adopted various strategies, such as acquisitions, expansions, and agreements to cater to the needs of the blow-fill-seal technology market. Geographical Scenario: Asia Pacific to lead the blow-fill-seal technology market by 2023 In 2018, the Asia Pacific region is estimated to account for the largest share in the total market for blow-fill-seal technology, in terms of value, followed by North America and Europe, owing to manufacturers’ focus on developing low-cost blow-fill-seal technology options. The Asia Pacific region is projected to register the highest growth during the forecast period; owing to the growing demand for aseptic packaging in pharmaceutical industries in this region. Growth of this region is supplemented by the expansion of the consumer industry, coupled with the growing packaging industry in emerging economies, such as India, Japan, and China. The blow-fill-seal technology market in the North American region is developed and mature; the markets in the US and Canada are projected to grow at the highest CAGRs from 2018 to 2023. https://www.marketsandmarkets.com/Market-Reports/blow-fill-seal-technology-market-151867774.html

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