Blow-Fill-Seal (BFS) Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 03/05/2018 -- Blow-Fill-Seal (BFS) technology is a technique used to manufacture liquid-filled polymer containers as small volume (0.1mL to 99mL) as well as large volume (100mL and above). The technology is developed in Europe and has significant demand in Europe followed by North America. The technique has relatively high use in the pharmaceutical market to fill the parental preparation with comparatively less intervention of human being.
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The technology is considered as a superior method for aseptic filling of parental preparation by various regulatory bodies such as the U.S. Food and Drug Administration (FDA). Blow-Fill-Seal (BFS) technology is used in filling of eye drops, infusions, inhalation, and other parental preparations.The primary factor driving the market of Blow-Fill-Seal (BFS) technology is growing the pharmaceutical market and packaging market.
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Other factors driving the market of Blow-Fill-Seal (BFS) technology are convenient packaging, innovation in pharmaceutical packaging, increasing demand for a qualitative technique for filling parental preparation, etc. The availability of a wide range of innovative packaging solutions is likely to have a significant influence on the demand for Blow-Fill-Seal (BFS) technology market during the forecast period. The Blow-Fill-Seal (BFS) technology require a relatively high cost for preparation which leads to increasing price of final product. Considering this factors, the final price of the product will increase, which will be a restraining factor for the Blow-Fill-Seal (BFS) technology market.
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The key trends in Blow-Fill-Seal (BFS) technology market are rising demand for ascetic packaging and regulations over the packaging of pharmaceutical products. The company manufacturing this technology have significantly high opportunity in regions such as Asia Pacific, Europe, and Latin America as in these regions the pharmaceutical industry and packaging industry is in its growth phase which will lead to the growth of Blow-Fill-Seal (BFS) technology market.