Bizizz Market Research has recently published a research report, “Packaging-Form-Fill-Seal Machines Market-PR Packaging type (Cups & Trays, Bags & Pouches, Bottles, Blisters and Others), Application (Food and Beverages, Pharmaceuticals, Personal Care, Chemicals and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Form-Fill-Seal Machines Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 13.1 Bn by 2027, witnessing a CAGR of 7.3 % during the forecast period. Key drivers of the market are increased adoption rate by the end-user industries and raising disposable income shall propel its market growth.
The adoption rate of form fill seal machines is extensive in various end-user industries including food & beverages, chemicals, pharmaceuticals, and electronics. The application of form fills seal machines are specialized and well-structured machines imparted by computer interfaces and control networks. Form fill seal machines are significant in nature along with its faster nature shall be evident in contrast to other substitutes that are available. Moreover, a raising health awareness and transparency along with the trust in consideration to specific r brand also supports in boosting the global form fill seal machine markets.
The Form-Fill-Seal Machines market is anticipated to register a CAGR of over 7.3% during the forecast period.
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By Application, food and beverages segment held a key share in Global Form-Fill-Seal Machines Market in 2018.
The global market of form-fill-seal machines are led by the food and beverage industry, along with the growing trend of single-use bag sizes and little portions along with enhancing demand in ready-to-eat food products are supporting to boost its market growth. Key drivers supporting in the growth of food and beverages segment constitutes of increasing intake of organic & healthy beverages with a rising concerns in availability for different beverages are propelling its market growth. The machines are imparted with a closed tunnel including an overpressure of ultra-filtered air to safeguard the food products from the environmental conditions is propelling its market demand.
Asia Pacific is Anticipated to Dominate the Global Form-Fill-Seal Machines Market during the Forecast Period.
The Asia Pacific region is anticipated to create increased market demand in contrast to various regions. The existence of several developing countries including India & China, coupled with increasing purchasing power, raising population, and increasing food & beverage industry in Asia pacific region are vital factors propelling its market growth. Propelling market demand of smaller and versatile packaging machines contributing to manage the space constraints is also anticipated to raise the market during the forecast period. Increased consumer choice for flexible packaging along with stimulated demand of consumer-friendly & sustainable packaging is conveniently propelling its market growth during the forecast period.
Global Form-Fill-Seal Machines market was moderately consolidated with key players accounting for significant share in 2018. Manufacturers involved in the research and development activities are contributing to the innovative Form-Fill-Seal Machines that propels its market growth.
Prominent players operating in the Global Form-Fill-Seal Machines Market are: Duravant, ProMach, Inc., Robert Bosch, Sacmi Imola S.C., Barry-Wehmiller Group, Inc., Coesia S.p.A., Salzgitter AG, Franz Haniel & Cie. and Bossar Packaging S.A. , among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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