Latin America BFS Technology Market, By Product Type (Bottles (0.2-100 ml, 100-500 ml, Above 500 ml), Ampoules (0.1-10 ml, 10-100 ml), Vials (0.1-10 ml, 10-50 ml), Others (Pre-filled Syringes, Large Volume Nebulizers, etc.)), By Material Type (Polyethylene (PE) (Low-density polyethylene (LDPE), High-density polyethylene (HDPE)), Polypropylene (PP), Others), By End-use (Pharmaceuticals (Ophthalmic, Injectable, Biologics, Wound care, Respiratory Therapy), Food & Beverage, Cosmetic & Personal Care, Others), and By Country (Brazil, Argentina, Mexico, Venezuela, Colombia, Rest of Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Mar 2020

Code : CMI3631

Pages :120

Formats :

Excel and PDF

Industry : Packaging

Market Challenges And Opportunities

Drivers

Rising need to prevent the reuse of a medical product is one of the prime factors fueling the growth of the Latin America BFS technology market. Pharmaceutical products produced by using blow fill seal technology cannot be resealed again and therefore reduce the chances of counterfeit products. Hence, rising need to prevent the reuse of pharmaceutical products is projected to propel the growth of the Latin America BFS technology market.

Growing demand for pre-fillable syringes in the Latin America region is a major factor augmenting the market growth of blow fill seal technology. BFS technology eradicates the risk of contamination in the production of drug formulation because there is no human intervention. Therefore, this technology is highly preferred for producing pre-fillable syringes and this is projected to propel the growth of the Latin America BFS technology market.

Market Restraints

In the course of the blow fill seal process, cutting and extrusion of plastic create a high level of non-viable particulates. This factor is expected to hinder the growth of the Latin America BFS technology market. This non-viable particulate leads to instability in the highly potent drugs. Hence, the generation of particulate during cutting &extrusion of plastic is projected to hamper the market growth.

A concern associated with the moisture and oxygen barriers as BFS technology utilizes plastic, low-density polyethylene, which has low moisture and oxygen barriers and the gases can easily enter into the primary packaging. This factor is expected to restrict market growth. The oxygen-sensitive products face a challenge of viability and require special secondary packaging.

Market Opportunities

The high cost of blow fill seal machines makes it difficult for small pharmaceutical companies to buy this advanced machine for the packaging of the product. For this, small scale manufacturers are leasing out of blow fill seal machines in Latin America and this is expected to present enormous opportunity in the blow fill seal technology market over the forecast timeframe.

Rising adoption of blow fill seal technology across the food & beverage industry for in-house packaging of a food product is projected to provide potential growth opportunities to the Latin America BFS technology market. Blow fill seal technology is gaining huge demand on the account of rising awareness regarding hygiene among the consumer as well as manufacturer and this is projected to fuel the market growth.

Figure 2. Latin America BFS Technology Market– Opportunity Analysis