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 Private Tutoring Services is Forecast to Reach US$227 Billion by 2022
Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Comments
Post a Comment