"Overview of Form-Fill-Seal Machines Market"
Demand for Form-Fill-Seal Machines Market Was valued At USD 7.1 Bn In 2018. It Is Projected To Witness A CAGR Of 7.3% During The Forecast Period (2019-2027).
Form fill seal machines are widely adopted in different end industries such as food & beverages, chemicals, pharmaceuticals, and electronics. Form fill seal machines are sophisticated and well organised machines having computer interfaces and control networks. Form fill seal machines are versatile in nature as well as these work faster as compared to other alternatives available in the market. Also, the increasing health consciousness and authenticity and trust regarding the particular brand also helps to boost the global form fill seal machine market.
Global fill seal machine market is driven by various factors such as rising disposable income, increasing consumer demand for a wide range of packaged products, and ascending requirement for automation among several industries. Moreover, growing preference for small portions as well as single-serve bag sizes is further likely to increase the demand for form-fill-seal machines over the forecast period.
Increasing growth in the retail industry in various regions coupled with the rise in nuclear families is expected to grow the sales of single-serve packs that in turn increase the growth of the form fills seal machine market. Apart from that, increasing demand of light-weight pouches is expected to further increase the sales of form fill seal machines.
By Application, Food And Beverage Industry Is Expected To Witness High Demand During Forecast Period (2019-2027).
In the food and beverage industry, the Growing trend of single-serve bag sizes and smaller portions coupled with increasing demand for ready-to-eat food items is likely to boost the growth of this segment. Factors contributing to the growth of this segment include rising consumption of organic & healthy beverages coupled with an increase in the availability of a variety of beverages. The machine is equipped with a closed tunnel with an overpressure of ultra-filtered air to protect the product from the external environment.
This machine delivers high-quality packaging products with low cost, significant packaging cost reduction due to ease of use and advanced machinery, fast, durable and reliable packaging. Moreover, it protects food, increases shelf life, and machinery packaging also preserves the food well. These key factors are expected to increase the demand of form-fill-seal machines during the forecast period.
By Packaging Type, Bottle Is Expected To Witness High Demand during Forecast Period
Bottle packaging formats are produced by using form-fill-seal machines and are generally used for packaging pharmaceutical and related products such as injectables, oral supplements, eye drops and ear drops among others.
Other factors that boost the growth of the market is the versatility of the bottles as these are available in different colors, sizes and can be customized as per the requirement of the end use industry. Many industries prefer bottle packaging as these are widely used in the form-fill-seal machines market. Bottle Packaging is safe and easy to use for the transportation of products.
Asia Pacific accounted for a Significant Share Of more than 40% In 2018 And Is Expected to Remain Dominant during the Forecast Period
Asia Pacific region is expected to generate maximum market share in comparison to the other regions. The presence of several emerging economies such as India & China, rising disposable income, growing population, and expanding the food & beverage industry in the region are some of the factors contributing to the growth of the market. Ascending demand for smaller and versatile packaging machines owing to space constraints is also expected to increase the market over the forecast period. Rising consumer preference for convenience packaging coupled with increasing demand for consumer-friendly & sustainable packaging is likely to increase market growth in this region.
The Major Key players operating in the form-fill-seal machines market include Sacmi Imola S.C., Duravant, ProMach, Inc., Robert Bosch, Coesia S.p.A., Salzgitter AG, Franz Haniel & Cie. , Barry-Wehmiller Group, Inc., and Bossar Packaging S.A. These market players offer a wide range of vertical as well as horizontal form-fill-seal machines.
Major key players in the market have spent heavily on R&D activities for developing innovative products as well as increasing the operational efficiency of their existing product lines. Moreover, manufacturers are inclined towards offering products in a very short span of time. For that many manufacturers are expected to adopt form fill seal machines during the forecast period owing to its economic price.
Form-fill-seal machines Market Segmentation:
Global Form-fill-seal machines Market by Application
- Food and Beverages
- Personal Care
Global Form-fill-seal machines Market by Packaging type
- Cups & Trays
- Bags & Pouches
Global Form-fill-seal machines Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa