Form-Fill-Seal Machine Market Scenario —
Form fill-seal machines form the packages, fill them with wet or dry products and then seal. Most of the form fill systems use a flexible film to form the basic package, such as a bag or pouch. Form fill seal machine is a computerized assembly line product packaging system. It is used in various industries such as food & beverages, electronics, chemical, and pharmaceuticals. These machines are equipped with automated interfaces and control systems. Form fill seal machines are highly efficient and operate at high speed. Moreover, from the last few years, demand for the form fill seal machines has grown to a greater extent due to the changing lifestyle and rising awareness regarding the environment. Furthermore, increasing health consciousness and authenticity and faith regarding the particular brand are driving the global form fill seal machine market growth.
The cumulative growth of the food & beverage industry is likely to drive the market growth over the review period 2017-2023. Form fill seal machines manufacturers spouted pouches, standard pouches, and retort pouches. The growing retail industry coupled with the nuclear family is predicted to propel the sales of the single-serve packs, which, in turn, intensifies the growth of the global form fills seal machine market during the forecast period. Furthermore, manufacturers are inclined to provide the products in less span of time and are focusing towards reducing the cost related to packaging. Many major players in the market are currently focusing on the implementation of the form fill seal packaging machines owing to their economical price. Despite this, increasing growth of the pharmaceutical and cosmetic & personal care sector is projected to impact the growth of the global form fill seal machine market.
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Global form fill seal machine market is segmented based on product, type, end-users, and region. Based on the product, the market is segmented into bags, cartons, and others. Among these, the bags are projected to dominate the form fill seal machine market over the review period 2017-2023 due to the growing use of the bags for packaging by packaging companies. Based on the type, the market is segmented into horizontal and vertical. The vertical segment dominated the market in 2016 and is projected to be the fastest-growing type over the given period owing to a range applications of vertical form fill seal across all major packaging type. Moreover, various features of the vertical form fill seal machines such as quick setup and changeovers, ease of procedures, proven consistency, reduced operating cost, and minimal maintenance are expected to boost the growth of the vertical form seal machine market during the forecast period. Based on the end-users, the market is segmented into food & beverage, pharmaceuticals, personal care, and others. The food & beverage segment dominated the market in 2016 and is projected to be the fastest-growing application over the next five years due to their expediency in storage, shipping, and flexibility to lever all kind of food & beverage products.
The form fill seal industry is expected to witness a huge number of new entrants over the forecast period owing to continuous expansions in the packaging industry. The form fill seal machine market is currently dominated by the major player in the packaging industry. The market is also expected to have high enlargement activities by the well-established and multinationals companies. Mergers and acquisition activities and new product development are expected to be witnessed over the forecast period.
The global Form-Fill-Seal Machine Market is expected to grow at a CAGR of 5% during the forecast period 2017-2023.
Some of the key players in the global form fill seal machine market are:
• GEA Group AG (Germany)
• Krones AG (Germany)
• Robert Bosch GmbH (Germany)
• IMA – Industria Macchine Automatiche S.p.A. (Italy)
• SACMI FILLING S.p.A. (Italy)
• Pro Mach, Inc. (U.S.)
• Haver & Boecker OHG (Germany)
• JBT Corporation (U.S.)
• KHS GmbH (Germany)
• Scholle IPN Corporation. (U.S.)
• Arpac LLC (U.S.)
• Mespack SL (Spain)
• ACG Worldwide (India)
• MDC Engineering Inc. (U.S.)
• The Aagard Group LLC (U.S.)
Global Form Fill Seal machine Market
The demand for form fill seal machines is expected to surge during the forecast period owing to growing traction from its adaptability to be customized according to the necessities of the diverse end-use industries, also, the competence to function under concentrated floor space, and an opportunity to function under contamination-free atmosphere. The opulence of the food and beverage industry is also providing strong adhesion to the form fill seal machine market. On the other hand, their inability to cater to low-volume production processes is hindering the growth of the form fill seal machine market. Geographically, the global form fills seal machine market has been categorized into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific accounts for the largest share of the overall market owing to a strong demand for low-cost machinery with high provisions and quality of the production. In Asia Pacific region, growing adoption of the product owing to the changing lifestyle is the prominent factor in the growth of the form fill seal machine market. Asia Pacific economies are currently witnessing rapid urbanization and growth in the food & beverage industry, which is indirectly propelling the form fill seal machine market.
Table of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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Name: Abhishek Sawant
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