According to a recently published report by Research Nester on “Form Fill Seal Films Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the form fill seal films market in terms of market segmentation by material, by layer structure, by thickness, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global form fill seal films market is anticipated to record a CAGR of around 3.9% over the forecast period i.e. 2019-2027 on the back of rising popularity of the FFS technology as a cost effective and contamination-free technology. The market is segmented by material into polyethylene, polypropylene, polystyrene, polyethylene terephthalate, polyvinyl chloride, ethylene vinyl alcohol and others. The market is further segmented by layer structure into monolayer and multilayer. On the basis of thickness, the market is segmented into 25 to 75 micron, 76 to 150 micron, 151 to 225 micron & above 225 micron. The market has been further segmented into healthcare & pharmaceuticals, building & construction, agriculture, chemical industry, tobacco, food industry and others.
North America region is anticipated to have leading shares and to witness a lot of growth potential for the form fill seal films in the next few years. Canada is projected to be highly attractive in terms of growth rate while, the U.S. is predicted to be a prominent area during the forecast period. Europe is anticipated to have significant growth and demand for the market. Asia Pacific region to follow Europe, in terms of volume and market value on account of continuous expansion of various end use industries and high penetration of the form fill seal technology. In Asia Pacific, China is projected to be highly attractive market and South Asian region to be the substantial contributor to the FFS films market and is estimated to surpass other regions in terms of growth rate owing to increase in popularity of the FFS technology in various end use industries.
Wide Usage in Various Applications
The form fill seal films are used in various applications. These films provide high protection to the product and is widely used by the companies for the packaging of their products. The films offer good seal properties and the product is protected when packaged in these films. It is used to pack food, cosmetics, pharmaceutical products and many more. This factor is anticipated to boost the growth of the market during the forecast period.
However, hazardous chemicals used in the manufacturing of form fill seal films is expected to operate as a key restraint to the growth of the global form fill seal films market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the form fill seal films market which includes company profiling of Coveris Holdings, Mondi Group, Plastixx FFS Technologies Inc., BP Plastics Holding Bhd., Thrace Polyfilms S.A., Qatar Plastic Products Company W.L.L., Nordfolien GmbH, and Schur Flexibles Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the form fill seal films market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.