Global Form-Fill-Seal Equipment market size 2024, Forecast To 2033
4 Mar, 2024
The form-fill-seal equipment market has demonstrated strong growth, set to rise from $16.87 billion in 2023 to$17.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. This growth is attributed to industry regulations, cost efficiency, and globalization. Forecasts indicate strong growth, with the market expected to reach $23.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The forecasted expansion is driven by automation, sustainability, customization, convenience foods demand, and digitalization. Major trends include global market expansion, smart manufacturing, regulatory compliance, consumer-centric designs, and health priorities.
Global Form-Fill-Seal Equipment Market Key Driver
The form-fill-seal equipment market is experiencing significant growth driven by the increasing demand for packaged products worldwide. Packaged products, integral to everyday consumer life, rely on form-fill-seal machinery for efficient packaging processes. Consumer Brands Association reports an 8% year-on-year growth in consumer packaged goods sales, totaling $1.62 trillion in 2021, indicating robust market demand. Moreover, a survey on Frontiers Media highlights the active consumption of packaged foods and beverages by 91.3% of respondents across 14 states in India. As the demand for packed products surges, the form-fill-seal equipment market is poised for notable advancements in 2023, 2024, and 2028.
Get A Free Sample Of The Global Form-Fill-Seal Equipment Market ReportGlobal Form-Fill-Seal Equipment Market Segments
The global form-fill-seal equipment market covered in this report is segmented –
1) By Type: Horizontal Form-Fill-Seal, Vertical Form-Fill-Seal
2) By Packaging: Cups And Trays, Bags And Pouches, Bottles, Blisters, Other Packagings
3) By End-Use: Food, Beverages, Pharmaceuticals, Personal Care, Chemicals, Other End Users
By Geography: The regions covered in the form-fill-seal equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the form-fill-seal equipment market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the form-fill-seal equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Form-Fill-Seal Equipment Industry Players
Robert Bosch GmbH, Coesia SpA, Salzgitter AG, Sacmi Imola SC, Duravant Inc., ProMach Inc., Barry-Wehmiller Group Inc., Bossar Packaging SA, IMA Industria Macchine Automatiche SpA, Matrix Packaging Machinery Inc., Nichrome India Ltd., Omori Machinery Co. Ltd., All-Fill Inc., Velteko SRO, Arpac LLC, Fuji Machinery Co. Ltd., Haver & Boecker OHG, Franz Haniel & Cie GmbH, Winpak Ltd., HDG Verpackungsmaschinen GmbH, MDC Engineering Inc., Busch Machinery Inc., Rovema GmbH, Fres-co System USA Inc., PFM Group, Viking Masek Global Packaging Technologies Inc., Triangle Package Machinery Company, Scholle Ipn Corporation, Bosch Rexroth AG, OMG SpA, Herrmann Ultrasonics Inc., HealthStar Inc., TurboFil Packaging Machines LLC, Wihuri Group, Premier Tech Chronos, GEA Group AG
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Form-Fill-Seal Equipment Market Overview
Form Fill Seal (FFS) machines are a type of packaging equipment that can form, fill, and seal a package all on the same piece of equipment. They are utilized in a wide range of industries, including those that deal with cosmetics, electronics, stationery, tobacco, and others.
Form-Fill-Seal Equipment Global Market Report 2023 provides data on the global form-fill-seal equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The form-fill-seal equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.