Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market to Surpass US$ 437.8 Million Threshold by 2026 - Coherent Market Insights

Published On : Jun 25, 2019

The Global Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market, By Product Type (Bottles, Vials, Ampoules, and Pre-filled Syringes and Injectable), By Material Type (Polypropylene and Polyethylene (High-density Ethylene and Low-density Ethylene)), and By Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa), was valued at US$ 240.2 million in 2017 and is projected to exhibit a CAGR of 6.9% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights.

The active involvement of key players in the market is expected to accelerate the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in March 2018, Recipharm AB opened a new manufacturing facility in Kaysersberg, France, for increasing the manufacturing capacity. It had installed its blow fill seal technology in its site, which enables higher speed of filling and sealing. Hence, introduction of new manufacturing facilities is expected to have a positive impact on the global blow fill seal packaging market growth.

Furthermore, mergers and acquisitions by key players in the blow fill seal packaging services is expected to drive the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in October 2018, Recipharm AB, a contract development and manufacturing company, acquired Sanofi’s contract inhalation products manufacturing facility. The acquisition includes all the operational and manufacturing facility of inhalation products. The strategy adopted by Recipharm AB was in order to add specialist, in-demand capabilities into its services offered. Hence, this factor is expected to support the global blow-fill-seal (BFS) packaging services in healthcare market growth.

Browse 26 Market Data Tables and 32 Figures spread through 178 Pages and in-depth TOC on Global Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market, By Product Type (Bottles, Vials, Ampoules, and Pre-filled Syringes and Injectable), By Material Type (Polypropylene and Polyethylene (High-density Ethylene and Low-density Ethylene)), and By Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026

To know the latest trends and insights prevalent in the Global Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/blow-fill-seal-bfs-packaging-services-in-healthcare-market-2745

In January 2016, Rollprint Packaging Products Inc. launched a product, Autobahn Tear-Open Flow Wrap. It is a film, which is used for sealing in blow fill seal vials, surgical devices, and diagnostic devices. This aluminum flow-wrap foil provides quick sealing, which enables to increase the cycle time capacity up to 400 packages per minute of a blow fill seal machine. Hence, adoption of such products by contract development and manufacturing companies are expected to drive the global blow-fill-seal (BFS) packaging services in healthcare market growth.

Furthermore, key players are also focused on growth strategies such as collaborations, mergers, and acquisitions, which is expected to drive the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in September 2017, Catalent Inc. acquired Cook Pharmica, a contract development and manufacturing company, to strengthen its service offerings. It includes drug substance and drug product manufacturing, and related services.

Key Takeaways of the Global Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market:

  • The global blow-fill-seal (BFS) packaging services in healthcare market is expected to exhibit a CAGR of 9% over the forecast period (2018–2026), owing to increasing establishment of manufacturing facilities
  • Manufacturers are focused on adopting strategies such as mergers, acquisitions, and collaborations, which is expected to fuel growth of the global blow-fill-seal (BFS) packaging services in healthcare market
  • New product launches related to blow fill seal technology is expected to propel the global blow-fill-seal (BFS) packaging services in healthcare market growth
  • Major players operating in the global blow-fill-seal (BFS) packaging services in healthcare market include Recipharm AB, Automatic Liquid Packaging Solutions, LLC, Nephron Pharmaceuticals Corporation, Robert Bosch Packaging Technology GmbH, Catalent, Inc, Horizon Pharmaceuticals, Inc., Unither, ApiJect Systems Corporation, LESVI, and Asept Pak, Inc.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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