Latin America blow fill seal technology market is expected to reach USD 23.84 million in 2024 and is anticipated to grow at a CAGR of 5.9% between 2018 and 2024. Blow fill seal technology is a specialized aseptic liquid packaging technology and is rapidly expanding in Latin America and globally.
The report covers forecast and analysis for the Latin America blow fill seal technology market. The study provides historical information for 2015-2017 with a forecast from 2018 to 2024 based on revenue (USD Million). The complete study covers the key drivers and restraints for the Latin America blow fill seal technology market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the Latin America blow fill seal technology market.
In order to offer the users of this report, a comprehensive read of the Latin America blow fill seal technology market, we have enclosed the detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the Latin America blow fill seal technology market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all segments are benchmarked supported their market size, rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the Latin America blow fill seal technology market. Besides, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures and regional growth of key players within the market.
The study provides a crucial view of the Latin America blow fill seal technology market by segmenting the market based on its segmentation. The segmentation included material, specification, and application. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The regional classification includes the key countries such as Brazil, Argentina, and Rest of Latin America.
The study provides the exhaustive company profiles of the worldwide market along with the in-depth description of players. Some of the key manufacturers included in the study are Takeda Pharmaceuticals International AG, Weiler Engineering Inc., Brevetti Angela S.R.L., Horizon Pharmaceuticals Inc., Rommelag Kunststoff-Maschinen Vertriebsgesellschaft GmbH, Unipharma LLC, Unither Pharmaceuticals, and Nephron Pharmaceuticals Corp. among others are the major manufacturers operating in blow fill seal technology market.
The report segments the Latin America blow fill seal technology market as:
Latin America Blow Fill Seal Technology Market: Material Analysis
Latin America Blow Fill Seal Technology Market: Specification Analysis
Latin America Blow Fill Seal Technology Market: Application Analysis
Latin America Blow Fill Seal Technology Market: Country Analysis
Blow fill seal technology is a technique that is used to manufacture small, large volume of liquid-filled containers for several applications such as pharmaceuticals, food & beverages and others. This technique was first developed in Europe and presently 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. Moreover, blow fill seal technology is widely used in the pharmaceutical market for filling of vials for parental preparations and infusions, eye drops, and inhalation products.
Growing pharmaceutical industry across Latin America is the major driving factor of the market. Moreover, Latin America blow fill seal technology market is projected to grow at the fastest pace owing to the innovative pharmaceutical packaging, convenient packaging, and increasing demand for qualitative techniques for filling parental preparation, etc. The aseptic packaging and regulations over the packaging of pharmaceutical products are estimated to be trending opportunities for the Latin America blow fill seal technology market.
The Latin America blow fill seal technology market is segmented on basis of material, specifications, application, and country. Based on the specification, the blow fill seal technology is further bifurcated into bottles which are 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. The major materials used in blow fill seal technology are polyethylene, polypropylene, and ethyl vinyl alcohol, among others. PE held the largest market share in Latin America blow fill seal technology market in 2017 and is projected to remain dominant over the upcoming years. Polyethylene segment consists of low-density polyethylene and high-density polyethylene. Polyethylene comprises of diverse properties such as water permeability and low gas, thus it does not impact on drugs activity. Low-density polyethylene is expected to grow at the fastest pace in the coming years owing to superior acid and bases resistant and its resistance at room temperature.
Blow fill seal technology is majorly used in pharmaceutical industry, thus, there has been tremendous growth in the pharmaceutical sector in Brazil, which is anticipated to spur the Latin America blow fill seal technology market in the coming years. Brazil is witnessing an unprecedented boom in recent times owing to a sharp rise in industrialization and urbanization. Most of the dominant manufactures are investing in Latin America owing to several favorable conditions such as low labor cost, availability of raw materials, and low government regulations as compared to other developed regions. Argentina is building its footmark across the globe with strong research and development activities in the pharmaceutical sector. The domestic pharmaceutical industry in Argentina dominates the international pharma industry in terms of revenue. On the global basis, around 7 out of 10 pharmaceutical firms belongs to Argentina. Thus, Latin America blow fill seal technology market holds a major share in global blow fill seal technology market and is expected to register the fastest CAGR in 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.