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. Read More…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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