- The market is driven by factors such as the strong growth of the food & beverage, personal care, and chemical industries.
- Mergers & acquisitions, collectively, accounted for the largest share of 36% of the total strategic developments in the global market.
- High growth potential in the emerging markets of Asia-Pacific is expected to provide new growth opportunities.
MarketsandMarkets projects that the form-fill-seal market size will grow from $15.31 billion in 2016 to $19.47 billion by 2021, at a compound annual growth rate (CAGR) of 4.92% from 2016 to 2021. The increase in demand for form-fill-seal from the manufacturing and food processing sector is driving the growth of this market.
The major players in this industry 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 strategies such as mergers & acquisitions, expansions & investments, and new product launches 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 carried out to provide insights into their business overview, products and services, key strategies, and recent developments associated with the market.
Mergers & acquisitions, collectively, accounted for the largest share of 36% of the total strategic developments in the global form-fill-seal market. Companies adopted these strategies to expand their geographical reach, strengthen their product & service portfolios, cater to the untapped markets, and for seizing new projects. Robert Bosch GMBH (Germany), SACMI Filling S.P.A. (Italy), and IMA S.P.A (Italy) the major companies that adopted these strategies.
Robert Bosch GMBH is the world’s largest supplier of automotive component and is one of the leaders in the packaging industry. In 2015, Bosch acquired Osgood Industries Inc. (U.S.), a company that develops and manufactures complete rotary and linear machinery lines for the filling and packaging of products. The acquisition strengthened Bosch’s position in the beverage industry in North America. Scami Filling S.P.A launched two new products, namely, “COMBO” a stretch-blow molding and filling solution and Miniasepack/32/20 with an upgraded automatic version. The machine was equipped with sterile equipment that prevented the product from being contaminated by the bacteria present in the ambient air during the packaging process.
High growth potential in the emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the form-fill-seal equipment market. Developing countries such as China, Brazil, Australia, and India are projected to be emerging markets, making Asia-Pacific the fastest-growing market for the form-fill-seal equipment market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the form-fill-seal equipment market in this region is driven by factors such as the growing food & beverage industry, the rise in demand for healthcare and consumer products, and the growing trend of convenient packaging and economic development.
Incresaing Demand from Asia-Pacific
Asia-Pacific, with emerging economies such as China and India, will drive the form-fill-seal equipment market. Significant investments are being made in the food processing industries throughout the region, which will encourage the demand for bags. In addition, changing lifestyles and the development of multi-national food retailers in the region drive the growth of the bags market. China is projected to account for the largest market share and dominate the Asia-Pacific form-fill-seal equipment market from 2016 to 2021. 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.