Regional Analysis
Form Fill Seal Equipment Market Outlook
- Asia Pacific is the largest and fastest growing region in the form fill seal equipment market. India and China are major players. Enormous mistrust in the Chinese public regarding food safety has led to rise in consumption of packaged food. According to a survey conducted by Hong Kong Trade Development Council (HKTDC), 81% of respondents were inclined towards packaged food.
- North America and Europe has reached market saturation, hence growth is projected to be slow. According to EU, food and beverage industry is largest manufacturing sector in Europe in terms of jobs and revenue. Food safety and quality has ensured trust among consumers. Moreover, the demand for high protein food products has increased due awareness regarding nutrition and
- In Latin America political turmoil has not affected the food, beverages, personal care, and pharmaceuticals industries. A shift to higher income has resulted in increased consumption of packaged food products of high qualities, as they are claimed to be healthier. This has driven food, pharmaceutical and electronics industries.
- Middle East and Africa are significantly growing markets. GCC countries are largely reliant on imports to meet food demands. The Food and Agriculture Organization of UN is collaborating with UAE government to increase vegetable and crop production in the country. Organic farming and greenhouse farming are now popular in the country after this initiative. Novel techniques are being implemented to optimize production in drought stress country.
