As per a study published by FMI, the global form-fill-seal (FFS) films market is expected to reach US$ 24.6 Bn in 2021. Rising applications of FFS films across healthcare, pharmaceuticals, building & construction, and agriculture industries are estimated to drive growth in the market.
As per the study, sales of FFS films are expected to surge at a CAGR of 5.1% over the forecast period 2021-2031, totaling US$ 40.7 Bn by 2031.
Form-fill-seal films are among the most cost-effective, flexible, and sustainable packaging solutions. They provide a large canvas to the manufacturers for enhancing the attractiveness of their products using excellent flexographic printing technologies.
This is making FFS films ideal for packaging consumer goods and food products, accelerating growth in the market. Driven by this, sales of FFS are projected to witness year-on-year growth of 4% between 2020 and 2021.
Demand for form-fill-seal films is rapidly increasing across the food industry owing to their exceptional protection against oxygen, moisture, and ultraviolet (UV) light.
They retain the aroma, taste, and flavor of food products by eliminating the need for preservatives. Hence, these films are extensively being used for packaging food products such as bakery, dairy products, meat, seafood, and poultry.
As per FMI, sachets and pouches are anticipated to dominate the application segment, accounting for nearly 51.8% of the total sales through 2031. Pouches and sachets made using form-fill-seal films keep products fresh for a longer duration.
They also add utility to the packaging by offering eye-catching finish and aesthetic look. Thus, these solutions are highly sought-after for packaging food and pharmaceutical products.
“Rising inclination towards using sustainable and recyclable packaging solutions along with increasing demand for packaged and ready-to-eat food products with no added preservatives is expected to accelerate the growth of the market in coming years,” says the FMI analyst.
Key Takeaways from the Form-Fill-Seal (FFS) Films Market Study
- The U.S. is projected to emerge as a leading market in North America, accounting for nearly 90% of the sales by 2031 end.
- Germany is estimated to account for around 1/5th of the Europe FFS film demand through 2031, owing to the rising sales of packaged food products.
- India is forecast to witness substantial growth in the South Asia market, accounting for nearly 41% of the revenue share by 2031.
- Japan is expected to create an incremental opportunity of about US$ 500 Mn during the assessment period.
- Based on layer structure, the multilayer structure is anticipated to lead the segment, accounting for over 73.6% of global sales through 2031.
Key Drivers
- Increasing demand for easy-to-carry and flexible packaging solutions ideal for e-commerce activities athe nd on-the-go consumer product packaging is spurring the sales of form-fill-seal films.
- Growing need for safe, and sterile packaging for medical and pharmaceutical products to provide full-bodied protection against the external contagious environment is facilitating the growth in the healthcare & pharmaceuticals segment.
Key Restraints
- Stringent government regulations regarding the production and use of plastics across the U.S., China, India, and others is expected to hamper the sales of form-fill-seal films.
- High cost of aluminum foils compared to other substitutes such as polyethylene and polypropylene films is hindering the sales of form-fill-seal films made of aluminum foil.
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Competitive Landscape
Some of the key players operating in the market profiled by FMI are: Sealed Air Corporation, Mondi Plc, Cosmo Films Ltd., Coveris Holdings S.A., Retal Industries Ltd., ProAmpac Intermediate, Inc., Flair Flexible Packaging Corporation, Elif Plastik Ambalaj Sanayi Ve Ticaret AS, Schur Flexibles Holding GesmbH, Bischof + Klein SE & Co. KG, Indevco Plastics Longview, LLC, BP Plastics Holding Bhd, Thrace Polyfilms S.A, Nordfolien GmbH, Oerlemans Packaging BV