The horizontal and vertical form-fill-seal machinery sectors will grow faster than almost any other packaging machinery segment between 2018 and 2024 with compound annual growth rates (CAGRs) just above 4 percent, according to the 2021 World Packaging Machinery Report published by PMMI, the Association for Packaging and Processing Technologies.
Sales of horizontal and vertical form-fill-seal machines typically outperform most other packaging machinery segments due to strong demand from the food industry, the largest market for these machines. This comes as no surprise since this equipment forms, fills and seals flexible packaging such as pouches and bags, which address market demands for sustainability, convenience, security and safety.