Global BFS (Blow-Fill-Seal) Products Are Expected To Grow At A CAGR Of 10.7% From 3309 Million USD In 2018 To Reach 6780 Million USD By 2025
Wednesday, 11 Sep, 2019
BFS (Blow-Fill-Seal) technology is a manufacturing technique used to produce small, (0.1mL) and large volume, (500mL +) liquid-filled containers. Originally developed in Europe in the 1930s, it was introduced in the United States in the 1960s, but over the last 20 years it has become more prevalent within the pharmaceutical industry and is now widely considered to be the superior form of aseptic processing by various medicine regulatory agencies including the U.S. Food and Drug Administration (FDA) in the packaging of pharmaceutical and healthcare products.
The BFS (Blow-Fill-Seal) products are expected to grow at a CAGR of 10.7% from 3309 million USD in 2018 to reach 6780 million USD by 2025 in global market. The BFS (Blow-Fill-Seal) products market is very fragmented market; the revenue of top five manufacturers accounts about 19% of the total revenue in 2018. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are Unither?Pharmaceuticals, Nephron?Pharmaceuticals, Takeda?Pharmaceuticals, Recipharm and TRC. Unither?Pharmaceuticals is the largest manufacturer; its revenue of global revenue market exceeds 6.8% in 2017. The next is Nephron?Pharmaceuticals and Takeda?Pharmaceuticals.
Geographically, the global BFS (Blow-Fill-Seal) products market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Europe held the largest share in the global BFS (Blow-Fill-Seal) products market, its revenue of global market exceeds 39% in 2018. The next is North America and Asia-Pacific.