The machine that is used to form fill seals has been around for many decades, but the improvements and variety of machines that are available today have made it less expensive and more accessible. The old machine that was used to seal documents had a paperclip on the end of the handle that could not be turned. There were also some people that would try to force the documents down into the machine and this would often leave a permanent indentation on the document.
Increasing demand from the pharmaceutical and healthcare sectors is expected to drive growth of the global form-fill-seal equipment market. The pharmaceutical and healthcare sectors have witnessed massive growth in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian pharmaceutical market was valued at US$ 20.03 billion in 2019, increasing from US$ 18.12 billion in 2018. According to the same source, the Indian healthcare market is expected to reach US$ 372 billion, increasing from US$ 193.83 billion in 2020, due to rising disposable income and increasing prevalence of lifestyle diseases. Form-fill-seal equipment is widely used in the healthcare and pharmaceutical sector for packaging various types of products that require a sterile environment. Hence, these factors are expected to drive growth of the global form-fill-seal equipment market. Furthermore, rapid growth of the aseptic packaging industry is expected to propel global form-fill-seal equipment market growth in the near future.
Low versatility in terms of packaging material and challenges associated with the extraction of air trapped in products during the sealing process is expected to hamper the global form-fill-seal equipment market growth in the near future. However, rapid growth of the flexible packaging sector combined with increasing demand for retort packaging can present lucrative growth opportunities for market players in the near future. Among regions, North America is expected to witness significant growth in the global form-fill-seal equipment market. This is owing to increasing demand for consumer-friendly & sustainable packaging in the region. Furthermore, Europe is expected to register a robust growth rate, owing to increasing demand for automated and efficient packaging machinery in the region.
Key companies involved in the global form-fill-seal equipment market are Winpak Ltd., Bossar Packaging S.A, HDG Verpackungsmaschinen GmbH, Triangle Package Machinery Company, Rees Machinery Group, Ossid LLC, Sacmi Imola S. C., Nichrome Packaging Solutions, Haver Continental Ltd, Chung Shan Machinery Works Co Ltd, Mega Plast GmbH, and Busch Machinery, Inc.
For instance, in February 2020, Bossar Packaging S.A, a provider of form-fill-seal equipment, partnered with ALLIEDFLEX Technologies, Inc. to boost its operation in North America.
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