Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 275.6 Million | USD 478.9 Million | 6.5% | 2021 |
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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed