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Form-fill-seal Equipment Market Revenue to Hit $19.47 Billion by 2021

Wednesday, August 09, 2017

Press release from the issuing company

The form-fill-seal equipment market is growing rapidly in accordance with the growth in the packaging equipment market globally. Factors such as rising demand for 100-calorie packs, popularity of pre-made pouch machinery, growing aseptic industry, increasing demand from the pharmaceuticals & healthcare industry, coupled with the growing food & beverage packaging industry have largely contributed to the growth of the form-fill-seal equipment market. MarketsandMarkets projects that the form-fill-seal market size will grow from USD 15.31 billion in 2016 to USD 19.47 billion by 2021, at a compound annual growth rate (CAGR) of 4.92% from 2016 to 2021. The increase in demand for form-fill-seal from the manufacturing and food processing sector is driving the growth of this market.

Browse 190 market data tables and 35 figures spread through 192 pages and in-depth TOC on "Form-fill-seal Equipment Market - Global Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/form-fill-seal-equipment-market-186378770.html

The global market for form-fill-seal is dominated by major players such as Robert Bosch GmbH (Germany), SACMI FILLING S.P.A. (Italy), I.M.A. Industria Macchine Automatiche S.P.A (Italy), Haver & Boecker (Germany), and Pro Mach Inc. (U.S.), . These players adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions & investments, partnerships, agreements, joint ventures & strategic alliances, and new product launches are some of the major strategies adopted by the market players to achieve growth in the form-fill-seal market.

Mergers & acquisitions, collectively, accounted for the largest share of 36% of the total strategic developments in the global form-fill-seal market. Companies adopted these strategies to expand their geographical reach, strengthen their product & service portfolios, cater to the untapped markets, and for seizing new projects. Robert Bosch GMBH (Germany), SACMI Filling S.P.A. (Italy), and IMA S.P.A (Italy) the major companies that adopted these strategies.

Robert Bosch GMBH is the world’s largest supplier of automotive component and is one of the leaders in the packaging industry. In 2015, Bosch acquired Osgood Industries Inc. (U.S.), a company that develops and manufactures complete rotary and linear machinery lines for the filling and packaging of products. The acquisition strengthened Bosch’s position in the beverage industry in North America.   Scami Filling S.P.A launched two new products, namely, “COMBO” a stretch-blow molding and filling solution and Miniasepack/32/20 with an upgraded automatic version. The machine was equipped with sterile equipment that prevented the product from being contaminated by the bacteria present in the ambient air during the packaging process.

High growth potential in the emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the form-fill-seal equipment market. Developing countries such as China, Brazil, Australia, and India are projected to be emerging markets, making Asia-Pacific the fastest-growing market for the form-fill-seal equipment market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the form-fill-seal equipment market in this region is driven by factors such as the growing food & beverage industry, the rise in demand for healthcare and consumer products, and the growing trend of convenient packaging and economic development.

 

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Label & Packaging Section

Jennifer Matt

David Zwang, Editor/Analyst
David travels the globe helping companies increase their productivity, margins and market reach.

 

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