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According to the latest report by IMARC Group, titled "Form-Fill-Seal Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global form-fill-seal equipment market is expected to exhibit a CAGR of XX% during 2022-2027. Form-fill-seal (FFS) equipment involves the use of automated computer-operated technology to assist in forming, sealing, and filing a package with dry or wet products. These packaging machines manufacture flexible to rigid packages quickly and efficiently while ensuring minimum chances of contamination during the manufacturing process. They require low operational costs and offer readable bar codes as well as other pertinent product information by utilizing online film printing. They are widely utilized across the pharmaceutical sector for the production of ointments, syrup, tablets, sutures, gauze pads, test strips, lancets, syringes, bandages, and denture adhesive strips. Apart from this, it is also employed across the food and beverages sector for packaging beverages, granulates, and extruded snacks.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Form-Fill-Seal Equipment Market Trends:
The global market is majorly driven by the increasing utilization of FFS equipment for packaging ready-to-eat (RTE) food products and extruded snacks across the globe. With the hectic working hours of working professionals and the changing dietary preferences of the masses, there has been a considerable shift towards the consumption of packaged convenience food products, which is creating a positive outlook for the market. Moreover, the increasing utilization of FFS equipment in the personal care and cosmetics industry for packing gels, creams, shampoos, and conditioners is also providing an impetus to the market growth. The market is further driven by the widespread adoption of advanced computer interfaces and control networks to enhance the speed and versatility of FFS equipment on the global level. Furthermore, due to the rapid spread of the coronavirus disease (COVID-19) across the globe, there has been a growing demand for catheters, surgical gloves, in-vitro diagnostic (IVD) kits, and intravenous (IV) infusion bottles in the healthcare sector. As FFS equipment is extensively utilized in the packaging of these medical tools, this is creating a positive outlook for the market.
Market Summary:
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