The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

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…