Blow Fill Seal Technology Market Size is valued at USD 2.5 billion in 2021 and is expected to reach a value of USD 4.7 billion by 2028, growing at a CAGR of 9.6% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Blow Fill Seal Technology market, and that has been segmented into product type, material type, and end-user. By product type, the market has been segmented into Bottles, Ampules, Vials, and Others (prefilled syringes & Injectables). The Bottles segment is likely the most significant and fastest-growing segment among all product types. According to technology the market has been segmented into Polyethylene (PE), Polypropylene (PP), and others based on material type. The Polypropylene segment has the highest market share. Based on the end-user, the Blow Fill Seal Technology market is segmented into Pharmaceuticals, Food & Beverage, Cosmetics & Personal Care, and Others. According to precision business insights, pharmaceuticals accounted for the largest market share in the forecast period.
In April 2020, Gerresheimer AG adopted a business model to provide good primary packaging and drug delivery system. This will help the company increase the revenue value by optimizing and digitalizing the packaging process.