Form-fill-seal Equipment Market by Product, Type, End-use, and Region - Global Forecast to 2021
NEW YORK, March 7, 2017 /PRNewswire/ -- The form-fill-seal equipment market size is projected to grow from USD 15.31 billion in 2016 to USD 19.47 billion by 2021, at a CAGR of 4.92% from 2016 to 2021.
This market is driven by 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. Other factors include improving economic conditions, technological advancements, and increasing applications. However, form-fill-seal equipment is not economical for short production runs.
For instance, it is not suitable for a bag size of below 25 tons or for packing low-density, aerated powders such as wheat flour, talcum powder, and skimmed & whey powder which are packed at medium speed.
"Food & beverages segment is projected to be the largest market during the forecast period"
Consumers are increasingly demanding convenience food solutions over traditional processed foods. The expectations of food quality are rising, and growing awareness of health and other issues present new challenges to retailers, packers, and packaging suppliers. The food & beverages segment is projected to contribute the largest market share during the forecast period. Food packed in the form of various types of pouches have gained popularity across the globe. It is also projected to grow at the highest CAGR for the next five years.
"Asia-Pacific to be the fastest-growing market during the forecast period"
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America, from 2016 to 2021. In Asia-Pacific, China is the largest consumer for form-fill-seal equipment, followed by India. China, with the growing healthcare, food & beverage, consumer goods, and chemical industries would drive the form-fill-seal equipment market. India, with the growing demand for small-size packed bags and inclination toward convenient packaging, will impact the form-fill-seal equipment market in the Asia-Pacific region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. The distribution of primary interviews are as follows:
By Company Type: Tier1- 41%; Tier2- 17%; and Tier3- 42% By Designation: C-Level- 48%, Manager Level- 32%, Others- 20By Region: North America 44%, Europe 19%, Asia-Pacific 28%, Latin America- 5%, Middle East & Africa- 4%
The tier of the companies is defined on the basis of their total revenue, as of 2015. Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 =
The various form-fill-seal equipment manufacturers profiled in the report are as follows:
1. Robert Bosch GmbH (Germany)
2. SACMI FILLING S.P.A. (Italy)
3. I.M.A. Industria Macchine Automatiche S.P.A (Italy)
4. Haver & Boecker (Germany)
5. Pro Mach (U.S.)
6. The Aagard Group LLC (U.S.)
7. MDC Engineering Inc. (U.S.)
8. Mespack SL (Spain)
9. ARPAC LLC (U.S.).
10. ACG Worldwide (India)
Research Coverage
The segmentation considered for this report is based on product, type, end-use, and regions that constitute the key markets. In terms of end-use industry, the food & beverages segment held the largest market share, in terms of value and is projected to grow at the highest CAGR. Factors such as rising demand for 100-calorie packs, popularity of pre-made meals, coupled with the growing demand of convenienet packaging will drive the food & beverage packaging industry.
Rising food packaging in retort and stand-up pouches presents an opportunity for this market to grow further. On the basis of type, this market has been categorized into horizontal FFS and vertical FFS. The vertical FFS sector is projected to grow at a higher CAGR during the forecast period, as it provides various features such as quick setup and changeovers, proven reliability, ease of operation, minimal maintenance, and reduced operating costs.
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the form-fill-seal equipment market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, opportunities, and challenges.
3. This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes new product developments, acquisitions, agreements, partnerships, and expansions.
Read the full report: http://www.reportlinker.com/p04759531-summary/view-report.html
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