Future Market Insights recently published a market study that offers an in-depth and accurate analysis of the prospects of the form-fill-seal films market over the forecast period, 2019-2029. The report throws lights on the multiple factors that are expected to influence the overall dynamics of the global form-fill-seal films market including the current & projected trends, growth opportunities within the market, challenges that are likely to hinder market growth, and various market drivers that are likely to boost the market growth in different geographies.
According to the published market assessment, the value of the form-fill-seal film market was around US$ 22,737 million in 2019 and the market is expected to witness steady growth with a compounded annual growth rate (CAGR) of ~4% during the considered forecast period, 2019-2029.
The report suggests that various factors are likely to play an imperative role in boosting the overall growth of the market including, growing applications in the numerous end-use industries such as food packaging, pharmaceuticals, agriculture, and more. In addition, properties such as high sealability and machinability of form-fill-seals films are another factor expected to increase the demand in the upcoming years. According to an analyst at Future Market Insights, “The evolving consumer trends are likely to have a strong impact on the evolution of modern-day packaging solutions and the same can be reflected within the form-fill-seals space.”
Growing worldwide consumption of packaged food expected to boost the market growth
The ‘clean label’ trend has gained significant popularity in recent years and expected to continue to gather momentum in the upcoming years owing to the growing demand for ‘clean label’ products. In addition, consumers are heavily inclined towards packaged food products owing to the convenience – a factor that is expected to boost the demand for form-fill-seals films in the food packaging industry. In addition, as form-fill-seals films play an imperative role in contamination-free food packaging, the demand for the same is projected to grow at a steady pace over the next few years. The optimum machinability of form-fill-seals films is another factor that is estimated to boost adoption in the near future.
Europe and East Asia offer significant opportunities to market players
The form-fill-seals films market is expected to witness considerable growth in Europe and East Asia owing to an array of factors. Technological advances in Europe pertaining to flexible packaging and the onset of cutting-edge packaging solutions are some of the primary factors that are expected to propel the growth of the market in Europe. In addition, consumer awareness and demand for ‘clean label’ food products are considerably high in Europe in comparison to the other regions – a notable factor that is prompting the entry of new market players in the region.
The market is expected to gain traction in East Asia owing to noteworthy growth of the flexible packaging industry in nations such as China. Moreover, as investments in the packaging domain continue to rise in East Asia, a host of opportunities for market players are likely to emerge in the foreseeable future.
Form-fill-seals films Market: Vendor Insights The report offers critical insights related to the leading companies operating in the current market landscape. Some of the most established players operating in the global form-fill-seals films market are, Qatar Plastic Products Company W.L.L, Slovpack Bratislava spol.s.r.o, BP Plastics, Nordfolien GmbH, and Trioplast Industrier AB among others
For information on the research approach used in the report, request methodology@https://www.futuremarketinsights.com/askus/rep-gb-9516