PUNE, India, February 10, 2016 /PRNewswire/ --
The report "Form-Fill-Seal Equipment Market by Product (Bags, Cartons, & Others), Type (Horizontal FFS and Vertical FFS), End Use (Food & Beverage, Healthcare/ Pharmaceutical, Consumer Products & Others), & Region - Global Forecast to 2020" published by MarketsandMarkets, The market size is projected to grow from USD 16.99 Billion in 2015 to USD 21.55 Billion by 2020, at a CAGR of 4.87% from 2015 to 2020.
Browse 165 market data Tables and 44 Figures spread through 189 Pages and in-depth TOC on "Form-Fill-Seal Equipment Market"
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The global Form-Fill-Seal Equipment Market is driven by factors such as strong growth in the food, beverage, consumer, and chemical sectors, among others. Rising flexible packaging industry and increasing demand for consumer product present a great opportunity for this market to grow in future.
Bags are the largest and fastest-growing segment of Form-Fill-Seal Equipment Market during the forecast period
The bags segment is projected to be the fastest-growing market at the highest CAGR in the next five years. Retort pouches, stand-up pouches, and other type pouches drive the bags market in Form-Fill-Seal Equipment Market. With the increase in demand for light weight, and economical packaging solutions, the demand of bags has increased.
Vertical form-fill-seal equipment to be the largest market segment of the Form-Fill-Seal Equipment Market during the forecast period
Form-Fill-Seal Equipment Market, by type, is classified into two segments, namely horizontal form fill and seal equipment and vertical form fill and seal equipment. The vertical form-fill-seal equipment segment accounted for the largest market share in 2014 with its numerous benefits such as quick setup, easy changeovers, proven reliability, ease of operation, minimal maintenance, and reduced operating cost.
Asia-Pacific is projected to attain the largest share in the Form-Fill-Seal Equipment Market
Asia-Pacific with emerging economies like China and India will drive the Form-Fill-Seal Equipment Market. Significant investment is being made in food processing industries throughout the region, which will encourage the demand for bags. In addition, convenience living and the development of multi-national food retailers in the region is helping to drive growth in the bags market. China is projected to have the largest market share and dominate the Asia-Pacific Form-Fill-Seal Equipment Market from 2015 to 2020. 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.
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The major players 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 new product development strategies to cope with the increasing demand in the emerging markets.
The scope of the report covers detailed information regarding the major factors influencing the growth of the Form-Fill-Seal Equipment Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and recent developments associated with the market.
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