Global form-fill-seal equipment 2017-2026
According to a new report by Stratistics MRC, the global form-fill-seal equipment market is accounted for $16.01 billion in 2017 and is expected to reach $25.50 billion by 2026 growing at a CAGR of 5.32% during the forecast period. Factors such as rise in demand from the pharmaceutical and healthcare sectors, growth of the aseptic industry, increasing popularity of pre-made pouches along with the growing food & beverage packaging industry are fuelling the market. In terms of geography, the Asia Pacific region is expected to witness the largest and the fastest growing market during the forecast period owing to the growing demand from the food & beverage & healthcare industries in this region.
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