A Newly Published Study Shares Insights on How to Prepare for a New Normal in the Global Form Fill and Sealing (FFS) Equipment Market
The global market for Form Fill and Sealing (FFS) Equipment is projected to reach US$10 billion by 2025, driven by intense competition in the FMCG industry and the ensuing pressure to accelerate time-to-market.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Form Fill and Sealing (FFS) Equipment market. Report segmentation includes Segment (Horizontal FFS Equipment, Vertical FFS Equipment); Packaging Type (Bags & Pouches, Cups & Trays, Blisters, Bottles, and Other Packaging Types); and End-Use (Food & Beverages, Pharmaceuticals, Personal Care, Chemical, and Other End-Uses).
21 June 2:25 A.M., California/Marketwire/ - According to the new market research report, the global market for Form Fill and Sealing (FFS) Equipment is projected to reach US$10 billion by 2025, driven by intense competition in the FMCG industry and the ensuing pressure to accelerate time-to-market. With increasing purchasing power and consumer spending among the expanding base of middle class population in emerging countries, the FMCG industry is characterized by globalization of brands, expanding footprint smaller unorganized players, overcrowding of me-too brands; intensifying competition, pricing pressures, and greater need for faster product innovations and launches. All of these factors push up the importance of time-to-market and its role in influencing market competitiveness. Faster time-to-market or time-to-market acceleration is vital to ensure that innovations reach consumers quickly and the narrowing window of opportunity is optimally leveraged to ensure revenue realization.
A key aspect of improving time to market is speeding up the production processes through resource efficiency and flow efficiency. Packaging is a critical part of production which influences resource efficiency and ensuring smooth workflow from one process to another is important to eliminate delays and process efficiencies. Investments in automated packaging machinery therefore become a critical capex expenditure for companies. This need is the primary driving force for the growth of form fill and sealing (FFS) equipment. Benefits offered by FFS which is valuable in realizing process improvements include high packaging rate and throughput; reduced bagging time; easy identification of faulty seals; unrivalled precision and consistency in packaging quality; reduced running costs; lower maintenance load; speed and versatility benefits; safe and sterile packaging of products.
Tubular form fill seal (FFS) technology continues to gain momentum and the coming years will witness the technology cannibalizing opportunities from vertical FFS (VFFS) and conventional systems. Increasing use of PE film for packaging given its water-proofing benefit, is driving demand for Tubular FFS. Tubular FFS machines are designed to remove air prior to sealing to moisture proof the product. These machines also reduce consumables (plastic film) and costs as the bag is created from a continuous reel, and the top of the filled bag and the bottom of the next bag is welded continuously in a single action, then filled and sealed before emerging as a finished pack. Other major trends influencing growth in the market include surging demand for flexible packaging format; growing prominence of stand-up pouches; strong demand in the food processing sector supported by growing consumption of packaged foods; above average growth of aseptic packaging solutions; increasing use of blow/fill/seal technology in pharmaceutical packaging; among others.
Technology developments poised to benefit the market include integration of ultrasonic sealing in FFS equipment; embedding machine vison inspection technology; improved sanitary design; and integration of intelligent electronic controls. The United States, Europe and China represent large markets worldwide with a combined share of 63.7% of the global market. China ranks as the fastest growing market with a CAGR of 9.7% over the analysis period supported by the robust domestic FMCG market amid an evolving retail landscape. The retail industry in the country is driven by the growing affluence of the middle class population, especially young families in lower-tier cities, and the resulting rise in consumerism.
Key Competitors Covered in the Report
Accutek Packaging Equipment Companies, Inc.
Bosch Packaging Technology
Filling Equipment Co., Inc.
GEA Group AG
Ronchi Mario SpA
Tetra Laval International SA
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1033. Among this pool, 186 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 41 unique participations, a total of 18 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.