Consumer Convenience at the Epicenter – Increase in Preference for Flexible Packaging Solutions Fueling the Demand for FFS Films
Manufacturers of FFS films are engaged in developing products with reduced thickness and higher strength. Reducing the thickness of FFS films aids in reduction of packaging weight, which translates into higher number of packaged units per tonnes of film. Furthermore, reduction in thickness of FFS films also enables low space consumption and cost-effective packaging. Future Market Insights’ analysis is aimed to provide a holistic view of the evolution of the FFS films landscape.
FFS Films Market – Key Research Findings
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The global FFS films market size in 2018 – Nearly US$ 23 Bn
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The FFS films market is projected to grow at over 4.0% CAGR, during the next ten years.
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Europe and East Asia are expected to remain the leading regions in terms of market value share, accounting for more than half of the global FFS films share.
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Europe is one of the leading regions when it comes to product-level innovation in flexible packaging formats, which will translate into growth opportunities for the FFS films market.
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In addition, the East Asia FFS films market is expected to register growth in market value share, mainly driven by growth in the flexible packaging industry in China.
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Manufacturers of FFS films are changing their business offerings and relying on strategic M&A to focus on enhancing their core competencies.
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Several companies are rethinking their business strategies to optimize their product offerings. For instance, Coveris deciding to sell its entire North America business is an indication of the company focusing on strengthening its Europe operations.
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In addition, there are other big events lined up in the flexible packaging industry such as the merger of Amcor Ltd. with Bemis Company. The ripples of such changes are expected to remain influential across the FFS films supply chain.
Key Factors Shaping the Global FFS Films Market
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Increasing Consumption of Packaged Food to Create More Demand for FFS Films
FFS films are highly preferred for packaging food as they possess good machinability and can be easily heat-sealed. FFS films enable contamination-free food packaging, which is one of the prime factors for increasing preference for them.
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Market Inclination Toward Flexible Packaging Formats
Flexible packaging has a very promising outlook for growth in the coming years, as the general consumer and industry preference continues to increase towards more friendly and cost-effective packaging solutions. The demand for FFS films is thus expected to grow, mainly driven by the increasing preference for flexibility.
FFS Films Market Structure Analysis
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The global FFS films market is highly fragmented, with only a handful of Tier 1 and Tier 2 players.
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The two key Tier 1 players in the FFS films market include Coveris Inc. and Mondi Group.
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More than 90% of the FFS films industry is held by the players with an individual revenue share of below 1%.
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The Asia Pacific region, especially East Asia, is home to most of the Tier 1 players in the FFS films market. China accounts for a significant volume of manufacturers of FFS films offering their products at competitive prices. Buyer power in the FFS films market is expected to remain high owing to multiple manufacturers to choose from.
Market Pegged to Grow 1.5X between 2019 and 2029
The FFS films market is expected to register steady growth during the next ten years, driven by an increasing preference for flexible packaging solutions over their rigid packaging counterparts. As demand for consumer convenient packaging solutions increases over time, it will translate into growth opportunities for the global FFS films market.
Lucrative Growth Opportunities for the FFS Films Market in Emerging Countries
The Europe FFS films market will account for a significant share of the global market. However, the developing countries in Asia will be at the forefront of market growth during the next ten years. Countries such as India and China are expected to register healthy growth propelled by an increased demand for packaged items. As manufacturers of FFS films focus on expanding market presence, they are expected to eye developing countries to capitalize on the lucrative growth opportunities. Strong growth in the number of manufacturers of FFS films in China will boost market growth for East Asia.
The FMI Perspective
Value chain participants in the FFS films market are focused on adapting their business models and growth strategies in line with increasing consumer inclination for flexible packaging formats. It is anticipated that the market will continue to witness several mergers & acquisitions as companies rush to enhance their capabilities. Product and design-level innovation will focus on features such as excellent printability and transparency, enabling better product presentation.
Pouches will remain the top selling application segment
Stick packs are likely to witness growth in demand at a prominent rate
Sachets will also closely follow stick packs in terms of growth rate
The food segment to generate more than half of the global FFS films revenue
The dairy products segment to register increasing demand for FFS films
The healthcare & pharmaceuticals segment to create an incremental revenue opportunity of over US$ 2 Bn
How Growth will Unfold
Stick packs will continue their momentum of growth in demand, whereas, sachets and pouches will witness an early decline in growth rates, owing to market saturation.
Pouches | Bags & Sacks | Sachets | Stick Packs
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Form-Fill-Seal Films Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, “Form-Fill-Seal Films Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the form-fill-seal films market, the growth prospects of the market are obtained with maximum precision.
Form-Fill-Seal (FFS) Films Market Taxonomy
The global form-fill-seal films market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Material Type
- Polystyrene (PS)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- EVOH
- Polyamide (PA)
- Polylactic Acid (PLA)
- Aluminium Foil
By Layer Structure
- Monolayer
- Multilayer
By Thickness
- 25 to 75 micron
- 76 to 150 micron
- 151 to 225 micron
- Above 225 micron
By Application
- Pouches
- Bags & Sacks
- Sachets
- Stick Packs
By Application
- Food
- Meat, Poultry & Seafood
- Dairy Products
- Fruits & Vegetables
- Bakery & Confectionery
- Pet Food
- Grains & Cereals
- Healthcare & Pharmaceuticals
- Agriculture
- Seeds
- Fertilizers
- Building & Construction
- Tobacco
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
What's Included
The report commences with the executive summary of the form-fill-seal films market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global form-fill-seal films market, along-with key facts about form-fill-seal films. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the form-fill-seal films market in this chapter, which will help them understand the basic information about form-fill-seal films present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the form-fill-seal films market report.
The report provides key market trends that are expected to impact market growth significantly in the upcoming years. Detailed industry trends are provided in this section, along with key market developments or product innovations, which is likely to have a significant impact on form-fill-seal films market.
This section includes a comparative analysis of different form-fill-seal films. Along with the product adoption analysis and promotional strategies being used by tier 1 manufacturers and features which set form-fill-seal films apart.
This section explains the global market value & volume analysis and forecast for the form-fill-seal films market between the forecast period of 2019-2029. It includes the detailed analysis of the historical form-fill-seal films market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average pricing analysis of various material type of form-fill-seal films, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the form-fill-seal films market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the form-fill-seal films market. This chapter also highlights the key market dynamics of the form-fill-seal films market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the form-fill-seal films market. This section also covers Porter’s analysis, as well as the PESTLE analysis for the global form-fill-seal films market.
Based on material type, the form-fill-seal films market is segmented into polystyrene (PS), polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyvinyl chloride (PVC), EVOH, polyamide (PA), polylactic acid (PLA), and aluminium foil. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on layer structure, the form-fill-seal films market is segmented into monolayer and multilayer. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the form-fill-seal films market on the basis of thickness, and has been classified into 25 to 75 micron, 76-150 micron, 151-225 micron, above 225 micron. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the form-fill-seal films market on the basis of application, and has been classified into pouches, bags & sacks, sachets, and stick packs. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the form-fill-seal films market on the basis of end use, and has been classified into food, healthcare & pharmaceuticals, agriculture, building & construction, tobacco, and others. In this chapter, readers can find information about key segments during the forecast period.
This chapter explains how the form-fill-seal films market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American form-fill-seal films market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of form-fill-seal films.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America form-fill-seal films market. This chapter also includes the growth prospects of the form-fill-seal films market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the form-fill-seal films market based on the product and the end-user industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.
This chapter provides information about how the form-fill-seal films market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.
This chapter highlights the growth of the form-fill-seal films market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the form-fill-seal films market in the East Asian region.
India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia form-fill-seal films market in this chapter. Readers can find detailed information about the growth parameters of the South Asia form-fill-seal films market during the period 2019-2029.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania form-fill-seal films market.
The section provides market forecast and analysis for emerging countries based on key market segments considered. It also covers market attractiveness analysis by key segments along with the impact of market dynamics and a brief overview of key players active in the region.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the form-fill-seal films market along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the form-fill-seal films market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Coveris Inc., Mondi Group, Schur Flexibles Group, Bischof & Klein GmbH & Co. KG, RETAL Industries Ltd., Harwal Group, Muraplast d.o.o., Trioplast Industrier AB, FUCINE FILM S.P.A., Nordfolien GmbH, Oerlemans Packaging BV, Algoja d.o.o., Elif Plastik Ambalaj Sanayi Ve Ticaret AS., BP Plastics Holding Bhd., Plastixx FFS Technologies Inc., Slovpack Bratislava spol. s r.o., Qatar Plastic Products Company W.L.L., and Thrace Polyfilms S.A. among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the form-fill-seal films report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the form-fill-seal films market.
How the research was conducted?
Primary Research
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Form-Fill-Seal Films Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Comparative Analysis of Several Form-Fill-Seal Films Present in the Market
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
Secondary Research
- Flexible Packaging Association
- Industry Journals
- Plastics Europe
- Food Service Packaging Industry Growth
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits
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