Published on: July 26, 2021
BFS technology market size will increase at a steady pace. The growing demand for pre-fillable syringes and the rising need to prevent the reuse of a medical product will be key factors influencing market growth during the forecast period. Unither Pharmaceuticals, Takeda Pharmaceuticals, Brevetti Angela, Unipharma, and Weiler Engineering are some of the key vendors in this marketspace.
Unither Pharmaceuticals, Takeda Pharmaceuticals, Brevetti Angela, Unipharma, and Weiler Engineering are some of the key BFS technology market vendors covered in this report.
The market is competitive and with the upcoming number of growth opportunities for market vendors, the competitive landscape is set to intensify further. The key players are adopting various strategies including collaborations, M&As, and the development of innovative products to enhance their customer base.
Covering key vendor revenue, business expansion strategies, portfolio analysis, threat from new entrants and substitutes, and competitive benchmarking, our vendor analysis will help clients plan go-to-market strategies and new product launches.
Major market trends such as the rising need to prevent the reuse of a medical product and the growing demand for pre-fillable syringes will have a positive influence on market growth and as a result, the market size will increase at a steady rate year-over-year.
The cutting and extrusion of plastic creates a high level of non-viable particulates and this will hinder market growth.
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The BFS technology market is catalogued under the paper packaging industry. This industry was worth $353.20 billion in 2020 and will grow at a moderate pace during the forecast period.
There is a growing preference for cost-effective biodegradable packaging. Increased customer awareness supported by the shift in customer attitude and preference for eco-friendly packaging will trigger the demand for paper packaging products. Moreover, there are various initiatives and regulations of governments in many countries to enforce/promote the use of sustainable packaging materials. These factors are increasingly driving the adoption of biodegradable paper or eco-friendly materials by retailers and intermediaries for packaging purposes.
The global market for BFS technology has been segmented by type and geography. Based on type, the market has been further segmented into LDPE, HDPE, PP, and others.
Based on Geography
The regional analysis provides comprehensive information of the upcoming growth opportunities across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA).
Regional-specific analysis also provide insights of the upcoming demand for BFS technology across key countries in these regions.
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Scope of the Report |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Parent Market |
Paper Packaging |
Parent Market Size |
$353.20 billion |
By Market Segmentation by Type |
LDPE | HDPE | PP | Others |
Regional analysis |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
Companies profiled |
Unither Pharmaceuticals, Takeda Pharmaceuticals, Brevetti Angela, Unipharma and Weiler Engineering |
Top Market Trend |
Growing demand for pre-fillable syringes | Rising need to prevent the reuse of a medical product |
Report Benefits |
Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges. |