Sarasota, FL -- (SBWIRE) -- 09/14/2018 -- Zion Market Research has published a new report titled "Latin America Blow Fill Seal Technology Market by Material (Polyethylene, Polypropylene, Ethylene Vinyl Alcohol, and Other Materials), by Specification (Bottles [0.2-100 ml, 100-500 ml, and Above 500 ml], Ampoules [0.1-10 ml and 10-100 ml], and Vials [0.1-10 ml and 10-50 ml]), and by Application (Pharmaceuticals, Food & Beverages, Cosmetics, Personal Care, and Other Applications): Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024". According to the report, the Latin America blow fill seal technology market was valued at USD 15.96 million in 2017, is expected to reach USD 23.84 million by 2024 and is anticipated to grow at a CAGR of 5.9% between 2018 and 2024.

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Blow fill seal technology is a specialized aseptic liquid packaging technology and is rapidly expanding in Latin America and globally. This technique is used as the superior form of aseptic processing by various medicine regulatory agencies such as the U.S. Food and Drug Administration (FDA) in the packaging of healthcare and pharmaceutical products. Blow fill seal technology packaging for liquid pharmaceutical offers higher sterility assurance level. Improvements in the pharmaceutical packaging industry are projected to boost the demand for the blow fill seal technology market. However, higher cost of manufacturing is the key factor hindering the Latin America blow fill seal technology market growth. Moreover, increasing demand for aseptic packaging is estimated to offer a huge opportunity for the market in the upcoming years.

Based on the material, the Latin America blow fill seal technology market is segmented as polyethylene, polypropylene, ethylene vinyl alcohol, and others. Polyethylene offers properties such as water permeability thus it does not affect the activity of the drug. Based on the specification, the Latin America blow fill seal technology market is further fragmented into bottles which are further sub-segmented based on volume, i.e., 0.2-100 mL, 100-500 mL, and above. Ampoules are further divided into 0.1-10 mL and 10-100 mL and vials are 0.1-10 mL and 10-50 mL. Furthermore, the application segment includes pharmaceuticals, food & beverages, cosmetics, personal care, and other applications. Pharmaceutical sector was the most dominating application segment in 2017 and is expected to continue its dominance during the forecast period.

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Brazil dominated the Latin America blow fill seal technology market in 2017, followed by Argentina. The growing demand for flexible and user-friendly containers for pharmaceutical applications in the region is projected to foster the growth of the blow fill seal technology market. Increasing research and development in the pharmaceutical industry in Argentina is projected to propel the market demand. Moreover, rapid industrialization in Brazil is expected to spur the blow fill seal (BFS) technology market. Moreover, the availability of a wide range of innovative packaging solutions is anticipated to have a substantial influence on the demand for the market in the future. Furthermore, the rising demand from the food & beverages industry is likely to boost the demand for the Latin America blow fill seal technology market. The rising demand for nutritional and sports drinks will contribute to the market growth over the forecast period.

Unither Pharmaceuticals, Unipharma, LLC, Brevetti Angela S.R.L, and Takeda Pharmaceuticals International AG are some of the leading companies in the Latin America blow fill seal technology market.

Takeda Pharmaceuticals International AG, Unipharma LLC, Weiler Engineering Inc., Brevetti Angela S.R.L., Rommelag Kunststoff-Maschinen Vertriebsgesellschaft GmbH, Horizon Pharmaceuticals Inc., Unither Pharmaceuticals, and Nephron Pharmaceuticals Corp. among others are the major manufacturers operating in the blow fill seal technology market. Huge demand for blow fill seal technology in various industries such as pharmaceutical, food & beverages, and cosmetics market had led the producers to focus on research and development to sustain the market in Latin America.

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The report segments the Latin America blow fill seal technology market as:

Latin America Blow Fill Seal Technology Market: Material Analysis

Polyethylene
Polypropylene
Ethylene Vinyl Alcohol
Others

Latin America Blow Fill Seal Technology Market: Specification Analysis

Ampoules
0.2-100 ml
100-500 ml
Above 500 ml
Bottles
0.1-10 ml
10-100 ml
Vials
0.1-10 ml
10-50 ml

Latin America Blow Fill Seal Technology Market: Application Analysis

Pharmaceuticals
Food & Beverages
Cosmetics
Personal Care
Other Applications

Latin America Blow Fill Seal Technology Market: Country Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa