Blow Fill Seal Technology Market to Pave Path for Augmented Revenue during the Period between 2018-2027

Posted on 2019-05-01 by Mark Hub in Chemicals // 0 Comments

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Fact.MR recently published a report titled, “Blow Fill Seal Technology Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027” which provides in-depth and actionable insights into the blow fill seal technology market. The report provides a comprehensive historical analysis of the blow fill seal technology market along with an exclusive and accurate forecast of the market.

The study provides a detailed analysis of all the key market dynamics which influence the performance of the blow fill seal technology market along with explanations justifying their inclusion in the report. Additionally, the report provides a comprehensive assessment of all the key market facets including market drivers, threats, restraints, challenges, opportunities, and trends.

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Constant Pressure on Pharmaceutical Manufacturers to Maintain Affordable Pricing Can Hamper Blow Fill Seal Technology Market Growth

The constant pressure on pharmaceutical manufacturers to maintain affordable pricing of their products continues to perturb the industry. Patent losses and increasing government pressure to curb healthcare losses are key factors that are impacting the revenue of pharmaceutical companies. Patent expirations are further allowing the proliferation of the generic drugs market which is gradually expanding its reach at the expense of specialized drug manufacturers. Consequentially, pharmaceutical manufacturers are struggling to maintain cutting-edge production facilities. Integration of blow fill seal technology incurs a heavy cost due to the requirement of skilled labor, straight line maintenance and depreciation, and resins. Although the blow fill seal technology offers a plethora of advantages, pharmaceutical manufacturers show signs of reluctance when integrating the blow fill seal technology to production lines. These factors could impede the growth of blow fill seal technology market.

Blow Fill Seal Technology Market Growth to be Underpinned by its Widespread Adoption in F&B Packaging

The demand for in-house packaging in the food and beverages industry is on the rise. Customized blow fill seal technology can streamline the packaging process for companies and could substantially enhance their profits by eliminating the need for warehousing of raw materials and simplifying the handling process. Blow fill seal technology is expected to find widespread adoption in the carbonated drinks packaging owing to its advanced leak proofing and sealing applications. The benefits of using blow fill seal technology in packaging are likely expected to reduce the time to market for food and beverages companies while lowering the consumption of raw material required in the process. F&B companies are growing increasingly aware of the benefits offered by the technology which, in turn, is likely to propel the growth of the blow fill seal technology market.

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Blow Fill Seal Technology Market: Promising Prospects in Healthcare Industry

Medical non-adherence is a complex healthcare problem with profound repercussions. The multidimensional problem can arise due to an assortment of reasons which can be related to the patient or the treatment and healthcare provider. In addition to risking patients’ well-being, medical non-adherence is known to cause a substantial increase in the generation of waste and cost while deterring the efficacy of treatments. A concrete example of the problem became evident after studies estimated that approximately 50% of the US population failed to consume medication as per the prescribed directions. Another survey claimed that medical non-adherence were responsible for costing the US healthcare system an additional $200 billion.

Competitive Assessment of the Blow Fill Seal Technology Market

Some of the prominent players operating in the blow fill seal technology market include Catalent, Inc., Unipharma LLC, GlaxoSmithKline plc., Recipharm AB, Laboratorios SALVAT, S.A., Amanta Healthcare, Asept Pak, Inc., SIFI S.p.A, Brevetti Angela S.R.L, Nephron Pharmaceuticals Corporation, Weiler Engineering, Inc., Curida AS, Roomelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Horizon Pharmaceuticals, Takeda Pharmaceuticals AG, Unither Pharmaceuticals, The Ritedose Corporation, Automatic Liquid Packaging Solutions LLC, Pharmapack Co. Ltd., Unicep Packaging, LLC., NuPharm, BioConnection, Plastikon, Gerresheimer AG, and LyondellBasell Industries N.V. These key players in blow fill seal technology market are focusing on consolidating their position.

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