According to Future Market Insights research, during the projected period, the global form fill seal machines market is set to enjoy a valuation of US$ 11.5 Bn in 2022, and further expand at a CAGR of 4.5% to reach US$ 17.9 Bn by the year 2032. The form fill seal machines sales are projected to increase with the top 5 providers holding 20-25% of the global form fill seal machines market in 2021.
Based on the packaging types, the bottles FFS machines segment is anticipated to remain the lucrative segment for the global form fill seal machines market. The reason behind the same is the rising adoption of rigid packaging solutions in the end use industry.
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The global form fill seal machines market forms around 18-20% of the global packaging machinery market which is worth US$ 58 Bn in 2021.
According to the FMI analysis, the form fill seal machines market value reached US$ 11 Bn in 2021 and is anticipated to reach US$ 17.9 Bn by the end of the next ten years, registering a CAGR of 4.5% during the forecast period. The sales of form fill seal machines will fuel with the top 3 countries projected to hold 30-35% of the global form fill seal machines market by the end of 2022.
The form fill seal machines market is projected to gain a positive growth outlook by the end of 2022. A new forecast by FMI anticipates that form fill seal machines sales will propel during the forecast period and is anticipated to create an incremental growth opportunity of US$ 6.4 Bn.
The surge in demand for integrated and single packaging machines functioning a variety of functions by the end use industry industries is estimated to supplement the sales of form fill seal machines during the forecast period. The form fill seal machines market is projected to expand 1.6 times the current market value during 2022-2032.
The Europe and North America regions are anticipated to hold the major portion of the global form fill seal machines market due to the expanding food & pharmaceutical industry in these regions along with the adoption of advanced technologies in these regions.
The global form fill seal machines market expanding at a CAGR of 4.0% during 2016-2021. The global form fill seal machines market reached US$ 11.0 Bn by the end of 2021.
In the traditional era, manufacturers and packers/end use industry had to pack their goods separately, increasing the packing cost of the packers/end use industry and the cost of the goods. Packers need to buy more machines for various tasks, but as a result of continuous innovation and research, form fill seal machines are made available which are best suitable for the final packaging that solves all packer’s problems. Form fill seal is a machine that is used to increase the productivity and accuracy of the packaging which is a solely automatic machine. It is widely used in food, beverages, pharmaceuticals, and other end use industries.
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The form fill seal machines offering the three combined functions that are forming, filling, and sealing gain traction in the end use industry due to their low operating cost and ability to form, fill, and seal a variety of packaging formats with different sizes. The versatility and high speed offered by the form fill seal machines gains popularity in the market. The expanding food industry along with increasing consumption of packed food is the major driver augmenting the sales of form fill seal machines. Overall, the form fill seal machines market is anticipated to expand at a faster pace during the forecast period.
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