Form-Fill-Seal: Global Market to Reach $26.63 Billion by 2026 - The Rise in Demand from the Pharmaceutical & Health Sectors is a Major Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The “Form-fill-seal - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Form-Fill-Seal Market accounted for $15.94 billion in 2017 and expected to grow at a CAGR of 5.8% to reach $26.63 billion by 2026.
The rise in demand from pharmaceutical & health sector, increasing demand for single serve packs and the growing food & beverages industry are some of the factors fueling the market growth. However, low versatility in terms of packaging material is hindering the market growth. The packaging industry provides ample opportunities to the market.
Based on equipment, the demand for vertical equipment has driven the market with its various features such as quick setup and changeovers, proven reliability, ease of operation, minimal maintenance, and reduced operating costs.
By end user, food packaging in the form-fill-seal equipment market is growing at greater pace. Factors such as rising demand for 100-calorie packs, popularity of pre-made meals, coupled with the growing demand for convenient packaging will drive the food packaging industry. Increasing instances of food packaging in retort and stand-up pouches present an opportunity for this market to grow further. Food packaging convertors are adopting new and improved technologies for effective and efficient packaging. Hence, form-fill-seal equipment with its accuracy, higher production rate, and economical features are used by large numbers of manufacturers for food packaging.
With respect to geography, Asia pacific region is growing due to the increasing demand from the food & beverage and healthcare industries. Other factors such as rising sales of flexible plastic packaging due to the shift from cans to stand-up pouches will also drive the form-fill-seal equipment packaging market.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Form-Fill-Seal Market, By Product
6 Global Form-Fill-Seal Market, By Equipment
7 Global Form-Fill-Seal Market, By End-User
8 Global Form-Fill-Seal Market, By Geography
9 Key Developments
10 Company ProfilingIMA Industria Macchine Automatiche SpA The Aagard Group, LLC Smatrix Packaging Machinery, LLC Sacmi Filling S.P.A. Robert Bosch GmbH Arpac LLC Mespack SL MDC Engineering, Inc. Haver & Boecker ACG Worldwide Pro Mach, Inc. Krones AG GEA Group AG Hayssen Flexible Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/research/vszs7h/formfillseal?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005172/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 08/17/2018 08:35 AM/DISC: 08/17/2018 08:35 AM