Rockville, June 13, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, in 2022, the global form fill and sealing (FFS) equipment market is valued at US$ 9.3 billion and is estimated to reach a market size of US$ 17 billion by 2032, as per the latest data released by Fact.MR, a market research and competitive intelligence provider.
FFS equipment is a fully automatic machine that is used to boost the efficiency and accuracy of packaging and is one of the best options for packing various goods, such as liquid-filled bottles, containers, and powdered food products. A flat die is used in the device, which is placed on top of an open tube or cup to create pressure between the items, causing a pouch to form inside. Form fill and seal technology enables for operational effectiveness maintenance as well as cost and resource efficiency. This equipment helps manufacturers fulfil orders profitably and with minimal resource usage.
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The steps of a vertical FFS equipment are making packages out of a huge roll of film, filling them with the product, and sealing them. By modifying the forming tubes and forming shoulders, these machines are able to produce a broad variety of bag shapes. The main factor driving the sales of form fill and sealing equipment is the growing food industry and rising consumption of packaged food items.
Key Takeaways from Market Study
- Demand for horizontal FFS equipment is projected to expand at a CAGR of 6% from 2022 to 2032.
- Market in Japan is forecasted to progress at a CAGR of 3.5% over the forecast period (2022-2032).
- The global form fill and sealing equipment market is predicted to increase at a CAGR of 6.2% during the projection period and reach US$ 17 billion by 2032.
- Market in Canada is estimated to develop at a CAGR of 5.5% through 2032.
“Vertical FFS equipment has numerous advantages, including the ability to process a variety of packaging materials and seal products in an airtight container. By using this method, less manual labor is required, and more accurate packaging is possible,” says a Fact.MR analyst
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Winning Strategy
Key market players concentrate on supplying equipment that is able to adapt to shifting consumer preferences and facilitates an effective transfer. Leading companies are implementing advanced technology into the manufacturing process to enhance the quality of the final product.
For instance,
- In 2020, Bossar partnered with AlliedFlex Technologies to handle its complete Pouch Packaging Systems Program. A new series of fully servo-controlled HFFS machines and an environmentally friendly series with sanitation facility construction are also provided by Bossar's main advances, offering advantages over more traditional mechanically run machines.
- In 2022, Matrix Packaging Machinery, LLC, partnered with Cetec Industrie, the leading master distributor of filling equipment in North America to fulfil the expanding need for pet care food packaging.
Key Companies
- GEA Group AG
- JBT Corporation
- KHS GmbH
- Rovema GmbH
- Krones AG
- Ronchi Mario SpA
- Accutek Packaging Equipment Companies, Inc.
- Bosch Packaging Technology
- Filling Equipment Co., Inc.
- Tetra Laval International SA
Segmentation of Form Fill and Sealing Equipment Industry Research
- By Type:
- Horizontal FFS Equipment
- Vertical FFS Equipment
- By Packaging Type:
- Bags & Pouches
- Cups & Trays
- Blisters
- Bottles
- Others
- By Application:
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Chemicals
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global form fill and sealing equipment market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of type (horizontal FFS equipment, vertical FFS equipment), packaging type (bags & pouches, cups & trays, blisters, bottles, others), and application (food & beverages, pharmaceuticals, personal care, chemicals, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
Key Questions Covered in the Form Fill and Sealing (FFS) Equipment Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Form Fill and Sealing (FFS) Equipment sales grow until 2032?
- Which are the factors hampering the Form Fill and Sealing (FFS) Equipment demand?
- Which region will spearhead the growth in the global industry by 2032?
- Which are the factors driving sales in the Form Fill and Sealing (FFS) Equipment Market during the forecast period?
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