Form-Fill-Seal (FFS) Packaging Machine Market rise at a CAGR of 4.90%

Introduction

Form Fill Seal Equipment has multiple functions that simultaneously form, fill, and seal the packaging. Form-fill-seal (FFS) equipment utilizes computer-automated technology to produce flexible to rigid packages and reduce contamination risks during production. Online film printing has low operational costs and provides product information with readable bar codes. The food and beverage (F&B) industry uses it extensively for packaging beverages, granulates, extruded snack foods, spices, and seasonings. It is also utilized to manufacture ointments, syrup, tablets, sutures, lancets, syringes, bandages, gauze pads, test strips, and denture adhesive strips.

Market Dynamics

Rising Demand for Pet Food Packaging Drives the Global Market

The rise of the pet food packaging industry is expected to be driven by innovations in packaging. People's increasing desire to adopt pets and willingness to pay more for more convenient pets have contributed to the market's growth. The pet food packaging market is predicted to expand due to a rise in the adoption of more environmentally friendly packaging to comply with government regulations and consumer preferences. For instance, ProAmpac's PRO-EVP multiwall bags are created from fiber-based renewable resources and paper/poly hybrid materials and are sustainably used for packaging pet food. The company's PRO-DURA series of woven polypropylene bags offers flexibility and durability.

Growing Demand for the Aseptic Packaging Industry Creates Tremendous Opportunities

Aseptic packaging is frequently considered a viable alternative to canning and preservatives for prolonging shelf life. Demand for aseptically packaged products is driven by consumer demands for more sanitary and secure packaging of ready-to-eat food items. Rising milk production in Asia-Pacific, particularly in India, is anticipated to increase dairy product output and demand in the region. It is predicted that these aspects will contribute to an increase in demand for form-fill-seal packaging equipment. Meals-ready-to-eat has become a new trend that may drive future machine sales.

Regional Analysis

Asia-Pacific is the most significant global form-fill-seal (FFS) packaging machine market shareholder and is projected to exhibit a CAGR of 5.69% during the forecast period. In Asia-Pacific, the form-fill-seal (FFS) packaging machine market is the most populous and is expanding rapidly. China's growing population, rising per capita income, and expanding food and beverage industry all contribute to market growth. In addition, changing lifestyles and the emergence of multinational food stores in the region contribute to expanding the bag market and increasing demand for form-fill-seal equipment. The growing demand for high-quality water and health-conscious drinking habits are also anticipated to increase the consumption of bottled water, which will directly impact the packaging industry in the region.

India is one of the most populous countries in the world, ranking second after China. According to the IMF, the country's population was approximately 1391.99 million in 2021 and is projected to reach 1455.82 million by 2026. This country is a significant consumer of all types of goods due to its large population. India, therefore, provides a substantial market for FFS packaging machinery.

Europe is estimated to exhibit a CAGR of 4.83% over the forecast period. Germany is the leading contributor to regional revenue. Germany is crucial for the adoption of bio-based and environmentally friendly practices. The Bio-based Industries Consortium (BIC), Europe's leading industry association placing circularity, innovation, and sustainability at the center of the European economy, partnered with the European Committee of Regions (CoR) to create a new partnering platform to connect bio-based industries with European regions, particularly Germany. In addition, the government of Germany introduced several stringent regulations for the plastics packaging industry in Germany. The German packaging law mandates the design of recyclable, recyclability, recyclable, and renewable materials into packaging. The government intends to recycle 63 percent of plastic packaging by 2022, up from 40 percent in 2018. These measures are anticipated to affect the market in the foreseeable future.

Key Highlights

• The global form-fill-seal (FFS) packaging machine market was valued at USD 84 billion in 2022. It is estimated to reach USD 13.59 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2023–2031).
• Based on equipment type, the global form-fill-seal (FFS) packaging machine market is bifurcated into vertical form-fill-seal (VFFS) and horizontal form-fill-seal (HFFS) machines. The horizontal form fill seal (HFFS) machines segment dominates the global market and is expected to exhibit a CAGR of 5.20% over the forecast period.
• Asia-Pacific is the most significant global form-fill-seal (FFS) packaging machine market shareholder and is projected to exhibit a CAGR of 5.69% during the forecast period.

Competitive Players

Competitive Players

The key global form-fill-seal (FFS) packaging machine market players are Winpak Ltd, Huhtamaki Oyj, REES MACHINERY GROUP LIMITED, HAVER Continental Ltd., MDC Engineering Inc., Rovema GmbH, Fres-co System USA Inc., PFM Group, Nichrome Packaging Solutions, Triangle Package Machinery Company, Bosch Rexroth AG, and others.

Recent Developments

Market News

• In July 2023, Berry Global updated its patent-protected NorDiVent form-fill-seal (FFS) film for powdered products to incorporate up to 50 percent recycled plastic and satisfy consumer and customer demand for more recycled content.
• In May 2023, TotalEnergies Corbion collaborated with COEXPAN to create a bio-based cup made from recycled PLA; the design has been fully validated for line rates and output using form-fill-seal technology.

Segmentation

Global Form-Fill-Seal (FFS) Packaging Machine Market: Segmentation

By Equipment Type

• Vertical Form Fill Seal Equipment
• Horizontal Form Fill Seal Equipment

By Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa