The form-fill-seal equipment market size is projected to reach. USD 19.47 Billion by 2021, at a CAGR of 4.92% from 2016 to 2021.
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The increasing demand for various applications from the food & beverage, healthcare, pharmaceuticals, consumer, and chemical sectors is the major factor driving the growth of the form-fill-seal equipment market. Additionally, with rapid urbanization, growth in the packaging industry, and increasing demand for flexible packaging across the globe, there is a rapidly increasing need for form-fill-seal equipment. The base year considered for the study is 2015, and the market size is forecasted from 2016 to 2021. This report has been segmented on the basis of type, product, end-use, and region. Growing consumer product packaging industry with several personal care products will drive the form-fill-seal equipment market. Rising demand for retort packaging with extended shelf-life would drive the form-fill-seal equipment market.
Bags & pouches segment is projected to be the largest and fastest-growing
The bags & pouches segment is projected to grow at the highest CAGR during the next five years. The increase in demand for retort pouches and stand-up pouches drive the bags & pouches segment in the form-fill-seal equipment market. With the increase in demand for light weight and economical packaging solutions, the demand for bags has increased.
Vertical form-fill-seal equipment is projected to be the largest segment
Form-fill-seal equipment market, by type, is classified into two segments horizontal form-fill-seal equipment and vertical form-fill-seal equipment. The vertical form-fill-seal equipment segment accounted for the largest market share in 2015 with its numerous benefits such as quick setup, easy changeovers, proven reliability, ease of operation, minimal maintenance, and reduced operating costs.
Asia-Pacific is projected to be the fastest-growing region for the form-fill-seal equipment market
Asia-Pacific, with emerging economies such as China and India, will drive the form-fill-seal equipment market. Significant investments are being made in the food processing industries throughout the region, which will encourage the demand for bags. In addition, changing lifestyles and the development of multi-national food retailers in the region drive the growth of the bags market. China is projected to account for the largest market share and dominate the Asia-Pacific form-fill-seal equipment market from 2016 to 2021. China, the largest manufacturer and supplier of form-fill-seal equipment, exhibits high potential growth opportunities. The key driver for this market is the rapidly growing Chinese industries such as food, beverage, consumer, chemical, healthcare, and hardware.
The major players in this industry include Robert Bosch GmbH (Germany), SACMI FILLING S.P.A. (Italy), I.M.A. Industria Macchine Automatiche S.P.A (Italy), Haver & Boecker (Germany), Pro Mach (U.S.), The Aagard Group LLC (U.S.), MDC Engineering Inc. (U.S.), Mespack SL (Spain), and ARPAC LLC (U.S.). Companies have adopted strategies such as mergers & acquisitions, expansions & investments, and new product launches to cope with the increasing demand in the emerging markets.
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