What is Global Flexo Folder Gluer (FFG) Market?
The Global Flexo Folder Gluer (FFG) Market is a dynamic and rapidly evolving sector that plays a crucial role in the packaging industry. Flexo Folder Gluer machines are primarily used for folding and gluing printed or unprinted corrugated boards, transforming them into boxes or containers. These machines are highly efficient and versatile, capable of producing a wide range of box styles and sizes. The global market for these machines is substantial and continues to grow, driven by increasing demand from various industries. However, the market is also influenced by several factors, including technological advancements, competition among manufacturers, and changing consumer preferences. As of 2022, the global FFG market was valued at US$ 179 million, and it is projected to reach US$ 249.5 million by 2029. Despite the lack of specific data, it is clear that the market is growing at a steady pace, with a compound annual growth rate (CAGR) of 4.8% expected from 2023 to 2029.
For Large Box, For Medium Box, For Small Box in the Global Flexo Folder Gluer (FFG) Market:
The Global Flexo Folder Gluer (FFG) Market is segmented based on the size of the box it produces - large, medium, and small. Each segment has its unique characteristics and applications. Large Box FFG machines are typically used in industries that require bulk packaging, such as the furniture and appliance sectors. Medium Box FFG machines are versatile and can cater to a wide range of industries, from food and beverage to electronics. Small Box FFG machines, on the other hand, are ideal for industries that require compact and precise packaging, such as pharmaceuticals and cosmetics. Each of these segments contributes to the overall growth of the global FFG market. However, the specific contribution of each segment to the market's overall value and growth rate is not available due to the lack of data.
Food & Beverage, Industrial Equipment, Electronic Product, Others in the Global Flexo Folder Gluer (FFG) Market:
The Global Flexo Folder Gluer (FFG) Market finds extensive application in various sectors, including Food & Beverage, Industrial Equipment, Electronic Product, among others. In the Food & Beverage industry, FFG machines are used to create packaging for a wide range of products, from canned goods to frozen foods. The Industrial Equipment sector uses these machines to package heavy-duty items, ensuring their safe transportation and storage. In the Electronic Product sector, FFG machines are used to create protective packaging for delicate and expensive items. Other sectors also benefit from the versatility and efficiency of FFG machines, using them to meet their unique packaging needs. However, the specific usage data for each sector is not available.
Global Flexo Folder Gluer (FFG) Market Outlook:
The global Flexo Folder Gluer (FFG) market, as per the latest reports, was valued at US$ 179 million in 2022. The market is expected to grow at a steady pace, reaching an estimated value of US$ 249.5 million by 2029. This growth represents a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. The market is dominated by BOBST, which holds over 40% of the production value share. Furthermore, the report data indicates that approximately 38% of the demand for Flexo Folder Gluer (FFG) comes from the Food & Beverage industry. However, the specific data regarding the market share of other sectors is not available.
| Report Metric | Details |
| Report Name | Flexo Folder Gluer (FFG) Market |
| Accounted market size in 2023 | US$ 188.3 million |
| Forecasted market size in 2029 | US$ 249.5 million |
| CAGR | 4.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Bobst, Mitsubishi Heavy Industries Ltd, BW Papersystems, Bahmüller, Latitude Machinery Corp, HRB Europe, Macarbox, EDF Europe s.r.l |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
