Form-fill seal machines are used to pack food and beverages in a sealed manner to match the prescribed hygiene standards. The market demand for form-fill-seal machines is anticipated to grow in the coming years due to rise in the awareness about the environment. The masses are becoming increasingly health conscious, thereby fueling the demand for form-fill-seal machines to keep the food healthy.
According to a report by Transparency Market Research, the demand for form-fill seal machine is likely to grow manifold in the near future. Between the forecast period of 2017 and 2025, the global market is estimated to register a CAGR of 5.7%. The capabilities of these machines to work under minimal floor space and ability to be customize.
How will lifestyle changes impact the trajectory of the global form-fill-seal machines market?
In the recent years, the food and beverage industry has been gaining a lot of traction due to the emergence of advanced technologies and innovations that would keep the food hygienic and safe to eat for a longer duration of time. This also gives a rise to the demand of form-fill seal machine market. The leading firms in the market are working on developing new and improved automated machines to reduce human efforts and involvement. Moreover, with the rise in the number of nuclear families, the demand for single-serve packs are anticipated to witness growth. However, the machine lacks the capability to cater to low-volume production, which could be a factor hampering market growth to some extent.
With lifestyles being defined by lack of time, manufacturers are trying to come up with a products that save time and are cost-effective. People also expect to be catered with products that are easy to carry and light in weight. These factors are also prompting manufacturers to adopt form-fill seal techniques as they ensure convenient packaging solutions. Besides, there has also been a significant rise in cosmetic and pharmaceutical sectors, which is anticipated to boost the market demand for form-fill seal machines.
Which notable geographical segment is emerging as a leader among others?
Based on geography the form-fill seal machine market is divided into Asia-Pacific, Middle East and Africa, North America, and Europe. Asia-Pacific region has seen a growth in demand by 40.6% in the entire market in 2017 for form-fill seal machines. The reason behind the figure is the availability of low-cost machinery and advanced features and quality, because of which the region is anticipated to experience a steady growth. Moreover, Europe being one of the major producers of packaging machines, competes strongly with the other regions and is thus emerging as a profitable regional market.
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What are the latest innovations launched by the key players to gain more traction?
According to a news report, one of the leading players in the market, Viking Masek has recently launched a new version of its already existing rugged premade pouch machines. The new version of the machine allows the vendors to fill and seal STAND cap pouches, which earlier were only capable of being produced on a horizontal form-fill and seal machine. Omori Machinery Co. Ltd.,, Webster Griffin Ltd., Nichrome India Ltd., Bossar Packaging SA, Velteko S.R.O., and All-Fill Inc. are some of the leading players in the market trying to compete with each other.