US$ 7.7 Billion Global Blow-Fill-Seal Equipment Market Poised to Grow by an Impressive 2.2x Considering Increasing Demand for Clean Packaging
The global Blow-Fill-Seal Equipment Market is expected to expand at a CAGR of 5.9% by the end of the forecast period (2022-2028). Growth in the market is underpinned by rapid development and advancement in packaging industries, coupled with rising application in diverse end-use sectors.
Increasing demand for aseptic packaging in the pharmaceutical industry is projected to be a critical factor driving the sales of blow-fill-seal equipment-required for packaging forms including vials, bottles, prefilled syringes, and ampoules. Moreover, unique ability of blow-fill-seal equipment to pack formulated drugs in clean and contamination free environment, without any human interface, thereby increasing the product safety, is also projected to increase the demand for blow-fill-seal equipment, during the assessment period 2022-2028.
Other than liquid filled containers, packaging of different types of ointments, gels, and food products including soft drinks and milk products, is also expected to influence the global blow-fill-seal equipment market. However, the pharmaceutical industry is evaluated to hold a lion’s share to the tune of nearly 90% of the global blow-fill-seal equipment market.
Future Market Insights predicts further increased adoption of blow-fill-seal equipment in the next five years, considering growing acceptance in the beverages packaging industry for in-house container development and filling. Customized blow-fill-seal equipment are expected to eliminate the need for raw material warehousing along with handling process, especially in cold drink companies looking for efficient and economical in-house BFS packaging facilities. Moreover, enhanced sealing and leak proofing offered by blow-fill-seal equipment is projected to drive the market, as it would further reduce the material and time consumption during secondary packaging in pharmaceutical and F&B industries. Given to the growing demand of blow-fill-seal equipment for clean packaging, manufacturers are developing highly efficient with high output capacity. Increased research and development activities among manufacturers to step up the innovations in the global blow-fill-seal equipment market will further drive up the adoption.
