LATIN AMERICA BFS TECHNOLOGY MARKET ANALYSIS

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

Latin America Bfs Technology MarketSize and Trends

The Latin America BFS technology market is projected to reach around US$ 407.1 Million by the end of 2027, in terms of revenue, growing at CAGR of 6.6% during the forecast period (2019-2027).

Market Trends

The growing trend of integrating insertion technology in fill seal inserting technology which is done after blowing and filling drug. The incorporation of insertion with blow fill seal makes BFS technology more advanced and allows insertion of preservative-free multi-dose system or micro-brittle applicator as per the requirements. This trend of incorporating advanced technology in BFS will propel the growth of the Latin America BFS technology market.

The advent of co-extrusion technology for oxygen and carbon dioxide sensitive injectable drugs is a major trend that has been observed in the market. In the co-extrusion, the barrier material is tapped between the polypropylene and polyethylene layers, with an inner layer of LDPE and EVOH which avoid the penetration of oxygen through the parison. Thus the advent of co-extrusion technology is projected to fuel market growth.

On the basis of product type, in 2018, others product type has accounted the largest market share of 71.6% in terms of value, followed by the ampoules and bottles.