Food Packaging Equipment Market value projected to expand by 2027

Global Food Packaging Equipment Market: Introduction

Food packaging equipment manufacturers are facing highly demanding and rapidly changing competitive environment. Food packaging equipment is one of the most important part of global food industry. Packaging of food is necessary in order to deliver them to customers in a proper way. Food packaging equipment carry out multiple functions such as wrapping, sealing, coding and filling in food packaging industry. Packaging of food products ensures the stability of food products throughout the supply chain. Efficient food packaging can withstand wide range of temperature variation. Food packaging applications mainly comprises of bakery, confectionary, dairy products, poultry, meat and seafood, fruits & vegetables, convenience foods and others. Growth in technology has led to development of innovative food packaging products and equipment to maintain taste and flavor of food. The surge in urbanization and increase in number of people opting for on-the-go meals fuels the demand for food packaging equipment market. Increase in awareness among consumers regarding hygienic food product might propel the food packaging equipment market. Overall, the outlook for the global food packaging equipment is seems to be positive over the forecast period.

Global Food Packaging Equipment Market: Dynamics

The global food packaging equipment market is expected to expand on the backdrop of growing food processing industries across the globe. Variety of food products are now available in the market which required different packaging. It propels the demand for the specific kind of equipment. This factor might rise the global food packaging equipment market growth over the forecast period. In food processing industry, equipment are required for case handling, cartoning, filling & dosing, labelling, coding, palletizing and various other tasks. This is expected to rise the global food packaging equipment market over the next decade. Growing demand for innovative, attractive, and convenient to carry packaging among consumers and competition among manufacturers to provide efficient packaging to customers are factors that propel the market growth. Rise in purchasing power, and growing online market is expected to rise the global food packaging equipment market over the next decade. One of the latest trends in the food packaging equipment market is the growing demand for smart packaging solutions. Rise in living standards and busy lifestyle fuels the growth of food packaging equipment market. Demand for ready to go meals among people also expected to rise the market growth. The stringent food safety regulations, also drive the global food packaging equipment market over the forecast period.

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Global Food Packaging Equipment Market: Segmentation

Global food packaging equipment market has been segmented as:

On the basis of product type used, the global equipment market has been segmented as:

Palletizer
Labelling & coding equipment
Filling & dosing equipment
Closing equipment
Wrapping & bundling equipment
Cartoning equipment
Others

On the basis of application, the global equipment market has been segmented as:

Dairy products
Meat, poultry & seafood
Bakery & confectionary
Cereals & grains
Beverages
Others

Global Food Packaging Equipment Market: Geographical Outlook

Based on regions, the global food packaging equipment market is divided into seven regions namely:

North America
Western Europe
Asia-pacific except Japan
Eastern Europe
Latin America
Middle-east and Africa
Japan

APAC is expected to be the largest contributor to the global food packaging equipment market, owing to growing adoption of packaged food in the region. Also, the rise in disposable income lead to growing demand for the packaged food in the region. Countries such as India and China are expected to propel demand for online food services leads to growing demand for packaging of food. This factor is expected to rise the global food packaging equipment market over the next decade. North America and Western Europe are expected to witness average growth in the global food packaging equipment market due to well established food processing industries in the region. Latin America and Eastern Europe regions are also expected to witness average growth. MEA is expected to witness lucrative growth in the global market due to establishment of food processing industries in the region. Japan is expected to witness below average growth in the global market.

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Global Food Packaging Equipment Market: Key Players

Few of the market players in the global food packaging equipment market are - Bosch Packaging Technology, Oystar Holding GmbH, Multivac Inc., Nichrome India Ltd, IMA Group, Ishida, Multivac, Inc., GEA Group among others.

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This release was published on openPR.