- The key vendors in the global FFS equipment market 2015-2019 are Accutek Packaging Equipment Companies Inc., Bosch Packaging Technology, Ronchi Mario SpA and Tetra Laval Corp.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global FFS equipment market 2015-2019. Advances in automation and robotics is a major trend impacting this market’s growth. Manufacturers are integrating robotics to increase productivity and reduce labor costs, which in turn will reduce the overall cost of production. The global FFS equipment market is expected to grow moderately at a CAGR of 5.53% during the forecast period of 2014-2019.
Leading players in the manufacturing industry are focusing on the improvement of their packaging machinery and services. Thus, the demand for FFS equipment is growing moderately. The growth in demand for food packaging is pushing the demand for FFS equipment.
“Packaging companies are moving toward thinner packaging materials to reduce the raw materials required for packaging,” says Faisal Ghaus, Vice President of Technavio Research.
“FFS machinery is being improvised to handle thinner packaging material. Plastic packaging products are gaining popularity among manufacturers as these are lightweight and non-fragile, thereby reducing transportation costs.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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