Latin America Blow Fill Seal Technology Market - Global Industry Analysis

Latin America Blow Fill Seal Technology Market By Product Type (Vials, Ampoules, and Bottles), By Material (Ethylene-Vinyl Alcohol, Polypropylene, and Polyethylene), and By End-User (Cosmetic & Personal Care, Food & Beverage, and Pharmaceutical) - Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Apr-2022 Category: Packaging Report Format : PDF Pages: 158 Report Code: ZMR-3315 Status : Published

The Latin America blow fill seal technology market was worth about USD 275.6 million in 2021 and is predicted to increase to around USD 478.9 million by 2028, with a compound annual growth rate (CAGR) of around 6.5 percent.

Description

Industry Prospective:

The Latin America blow fill seal technology market was worth about USD 275.6 million in 2021 and is predicted to increase to around USD 478.9 million by 2028, with a compound annual growth rate (CAGR) of around 6.5 percent. The research looks at the market's drivers, restraints, and challenges in Latin America, as well as how they affect demand throughout the projection period. The research also examines the prospects for blow fill seal technology in the Latin American market.

Latin America Blow Fill Seal Technology Market: Overview

Blow-fill-seal technology is a manufacturing process for producing liquid-filled containers in small and large volumes. Blow-fill-seal packaging is a specialized packaging technique that involves creating and sealing a polymeric material to a vessel of choice in-line. In the pharmaceutical industry, blow fill seal (BFS) technology is greatly sought after as a preferred packaging option. It makes formulated drugs aseptically without the need for human involvement using a single integrated equipment.

COVID-19 Impact:

The market gains linked with Latin America BFS technology have shrunk dramatically due to the increased difficulty of the situation during the COVID-19 pandemic period. The decline in sales growth in the food and beverage sector had a detrimental influence on the industry's growth and disturbed the supply chain process. In the fourth quarter of 2020, however, there was a rise in the trade of pharmaceutical items and chemicals across various nations. Manufacturers are focusing on sterile items packed using blow fill seal technology to ensure the product safety of medications and pharmaceuticals throughout transportation, which will improve sales of packaging products connected with blow fill seal technology in Latin America.

Latin America Blow Fill Seal Technology Market: Growth Drivers

Growing demand from healthcare industry is projected to drive the market growth

In the filling and packaging of liquid parenteral medications, a rising number of pharmaceutical companies are employing sophisticated sterilizing technologies to reduce operator intervention and the danger of contamination. Blow-fill-seal (BFS) technology has a number of advantages, including packaging design flexibility, cheap operating costs, excellent sterility assurance, reduced space requirements, low component inventories, and low labor requirements, making it a popular choice for medication packaging. With advancements in BFS technology, a wider range of containers can now be packaged, including, electrolyte & sports drinks bottles, unit dose pre-filled syringes & injectables, contact lens & eyewash solution bottles, re-closeable & twist-off vials, multi-dose use bottles, and vials with inserted caps/ tips. In addition to this, demand for BFS technology is increasing in Latin America with the increase in demand for aseptic packaging for ampoules, vials, and bottles. All such factors are expected to boost the Latin America blow fill seal technology market.

Global  Latin America Blow Fill Seal Technology Market

Latin America Blow Fill Seal Technology Market: Restraints

Issues associated with quality of blow fill seal technology may hamper the market growth

Cutting and extrusion of plastic generate a high degree of non-viable particles during the blow fill seal process. This aspect is projected to stifle the Latin America BFS technology market. In the very potent medications, this non-viable particle causes instability. As a result, particle formation during plastic cutting and extrusion is expected to limit market expansion. The moisture and oxygen barriers are an issue since BFS technology uses low-density polyethylene, which has weak oxygen and moisture barriers, allowing gases to easily penetrate the main packing. This aspect is likely to limit market expansion. The survivability of oxygen-sensitive items is a problem, and they require specific secondary packaging.

Latin America Blow Fill Seal Technology Market: Opportunities

Rising adoption of blow fill seal technology to drive the market during the forecast period

The Latin American BFS technology market is expected to expand during the forecast period owing to the rising usage of blow fill seal technology in the food and beverage sector for in-house packaging of food products. Because of increased consumer and producer awareness of hygiene, blow fill seal technology is in high demand, which is expected to drive market expansion. In addition to this, because of the heavy price of blow fill seal machines, small pharmaceutical firms find it difficult to purchase this innovative machine for product packaging. For this reason, small-scale businesses in Latin America are leasing out blow fill seal machines, which is likely to provide a huge potential for the Latin America blow fill seal technology market throughout the forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Latin America Blow Fill Seal Technology Market: Challenges.

Concerns of small businesses about the cost-benefit ratio pose challenge to market growth

Blow fill seal technology is capital-intensive, with a large initial investment necessary to set up a BFS technology unit. To pack items aseptically utilizing BFS technology, advanced technologies and a controlled environment are necessary. Players with a high level of investing capability are joining the market, as high profits can only be obtained over time. As a result, small manufacturers are hesitant to invest since they lack the money needed to make large initial expenditures. This prevents firms from investing in this technology, lowering market upstream demand.

Latin America Blow Fill Seal Technology Market: Segmentation

The Latin America blow fill seal technology market is segregated based on product type, material, and end-user. The product type segment is categorized into vials, ampoules, and bottles. Based on the material, the market is divided into ethylene -vinyl alcohol, polypropylene, and polyethylene. The end-user segment consists of cosmetic & personal care, food & beverage, and pharmaceutical.

Recent Developments

  • In December 2020, Nephron Pharmaceuticals Corporation received the ANDA approval for 60 mg/2 mL Ketorolac Tromethamine Injection USP, in Single-Dose Vials from the FDA. Blow-Fill-Seal technology is used to make the vials, which are constructed of polypropylene plastic with a "luer lock" interface for needle-free dosage.

Latin America Blow Fill Seal Technology Market: Regional Landscape

Brazil is estimated to dominate the Latin America blow fill seal technology market

The market for blow fill seal technology in Latin America is expected to be dominated by Brazil during the forecast period. This is majorly due to the rapidly expanding healthcare sector. Mexico is estimated to hold second-largest share in the market and this is attributed to an increase in trade relations with the United States and a comparatively stable economy.

Latin America Blow Fill Seal Technology Market: Competitive Landscape

Weiler Engineering Inc., Brevetti Angela S.R.L., Unipharma LLC, Rommelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Horizon Pharmaceuticals Inc., Unither Pharmaceuticals, Nephron Pharmaceuticals Corp., Takeda Pharmaceuticals International AG, and others are some of the major players that are operating in the Latin America blow fill seal technology market.

Global Latin America blow fill seal technology market is segmented as follows:

By Product Type

  • Vials
  • Ampoules
  • Bottles

By Material

  • Ethylene Vinyl Alcohol
  • Polypropylene
  • Polyethylene

By End User

  • Cosmetic & Personal Care
  • Food & Beverage
  • Pharmaceutical

By Region

  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America

Table Of Content

Methodology

Free 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.

Global 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.

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FrequentlyAsked Questions

Growing demand from healthcare industry is projected to drive the market growth. In the filling and packaging of liquid parenteral medications, a rising number of pharmaceutical companies are employing sophisticated sterilizing technologies to reduce operator intervention and the danger of contamination. Blow-fill-seal (BFS) technology has a number of advantages, including packaging design flexibility, cheap operating costs, excellent sterility assurance, reduced space requirements, low component inventories, and low labor requirements, making it a popular choice for medication packaging.

 

According to the Zion Market Research report, the Latin America blow fill seal technology market was worth about 275.6 (USD million) in 2021 and is predicted to grow to around 478.9 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 6.5 percent.

The market for blow fill seal technology in Latin America is expected to be dominated by Brazil during the forecast period. This is majorly due to the rapidly expanding healthcare sector. Mexico is estimated to hold second-largest share in the market and this is attributed to an increase in trade relations with the United States and a comparatively stable economy.

 

Unipharma LLC, Rommelag Kunststoff-Maschinen Vertriebsgesellschaft mbH, Horizon Pharmaceuticals Inc., Weiler Engineering Inc., Nephron Pharmaceuticals Corp., Unither Pharmaceuticals, Takeda Pharmaceuticals International AG, Brevetti Angela S.R.L. and others are some of the major players that are operating in the Latin America blow fill seal technology market.

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