(MENAFN- IMARC Group) According to IMARC Group’s latest report, titled “Form-Fill-Seal Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global form-fill-seal equipment market reached a value of US$ 18.6 Billion in 2020. Form-fill-seal (FFS) equipment is a type of automated product packaging system. It uses sophisticated computer interfaces and control networks for producing various types of packages. It mainly forms, fills, and seals a package in a single assembly run, thereby minimizing contamination. In addition to this, FFS aid in confirming product loading, detecting seal imperfections, discovering impurities, and verifying bar codes printed onto packages.
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The global FSS equipment market is majorly being driven by its widespread application in various end-use industries. For instance, it is extensively employed in the consumer goods and medical sectors for manufacturing catheters, surgical gloves, in-vitro diagnostic (IVD) kits, detergents, soaps, and other household cleaners. Additionally, FSS equipment is increasingly being utilized in the personal care industry for packing razors, creams, gels, and shampoos, which is significantly contributing to the market growth. Moreover, rising consumer inclination toward ready-to-eat (RTE) food products is creating an escalating demand for flexible packaging. This, along with an overall increase in the demand for packaged food products is creating a positive outlook for the market. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Arpac LLC (Duravant LLC)
All-Fill Inc.
Haver & Boecker OHG
IMA – Industria Macchine Automatiche S.p.A.
Matrix Packaging Machinery Inc (Pro Mach Inc.)
Mespack (Duravant LLC)
Nichrome Packaging Solutions
Robert Bosch GmbH
Sacmi Beverage S.p.A.
Viking Packaging Technologies Inc.
Market Segmentation:
Breakup by Product:
Bags and Pouches
Cartons
Cups
Trays
Bottles
Sachets
Others
Breakup by Type:
Horizontal Form Fill Seal
Vertical Form Fill Seal
Breakup by End Use Industry:
Food and Beverages
Pharmaceuticals
Personal Care
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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