Food Packaging Technology and Equipment Market 2020 with Coronavirus (COVID-19) After Effects Analysis by Top key players: Robert Bosch, GEA Group, IMA Group, COESIA Group and more

According to the current analysis of Reports and Data, the global Food Packaging Technology and Equipment market was valued at USD 40960.0 million in 2018 and is expected to reach USD 68,070.9 million by the year 2026, at a CAGR of 6.5%. There’s a growing demand for food packaging technology in the marketplace for packaging machinery. Companies are increasing research to initiate versatility in these novel filling & dosing machines. Technological innovations are likely to spice up market growth. However, challenges of floor space and the accuracy of devices act as a barrier for packaging companies, especially within the pharmaceutical landscape. Hence, companies are introducing new liquid unit-dosing cup machines that ensure efficiency in packaging without cutting on the floor space.

The report includes the latest coverage of the impact of COVID-19 on the Food Packaging Technology and Equipment industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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Some of the key market players are Robert Bosch(Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), ARPAC (US), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), and Lindquist Machine Corporation (US)

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2026. For the purpose of this study, Reports and Data have segmented Food packaging Technology and Equipment market on the type, material and region:

On the basis of type, the food packaging technology market has been segmented as follows:
• Controlled
• Active
• Intelligent
• Aseptic
• Biodegradable
• Others (edible and nano-enabled technology)

On the basis of material, the food packaging technology market has been segmented as follows:
• Metal
• Glass & wood
• Paper & paperboard
• Plastics
• Others (polysaccharides, proteins, and lipids)

On the basis of application, the food packaging technology market has been segmented as follows:
• Dairy & dairy products
• Bakery products
• Confectionery products
• Poultry, seafood, and meat products
• Convenience foods
• Fruits & vegetables
• Others (sauces & dressings and condiments)

Regional Outlook
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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Food packaging technologies and equipment play an essential role attributable to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and multiple applications. The technology segment for the global food packaging technology & equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Supported equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.

The APAC segment in the food packaging technology & equipment market is predicted to grow at a rapid rate due to rising demand for processed food products in emerging countries like China, India, Thailand, and Indonesia. In North America market, the US market is anticipated to carry comparatively higher market share for food processing technology & equipment because of rising awareness regarding consumption of healthy food products, stringent regulations regarding the hygiene of the food, growing investment on R&D over food processing equipment, and continuous developments in technology. Witnessing such high demand in the APAC segment, Omori India completes and operates a new Factory on October 2018; The Company now has around 6,460 square meters of production area when combing the new factory with the existing factory space. This combined assembly plant is more significant than each of the 3 Omori factories in Japan. Omori acquired 80% of the shares in Multipack Systems Pvt. Ltd. (Currently Omori India Pvt. Ltd.) in September 2013 to expand into the Indian market. In 2015, Omori acquired the rest of the shares for complete 100% ownership of the Company, which lead to the new factory’s completion. This reflects the high demand in the food and beverage industry in the region, leading to the entry of the food packaging industry players.

Further key findings from the report suggest

• Food packaging is an important source of competitive advantage for retailers and product manufacturers

• Packaging technology can be of strategic importance to a company, as it can be a key to competitive advantage in the food industry

• This may be achieved by catering to the needs and wants of the end user, opening up new distribution channels, providing a better quality of presentation, enabling lower costs, increasing margins, enhancing product/brand differentiation, and improving the logistics service to customers

• The business drive to reduce costs in the supply chain must be carefully balanced against the fundamental technical requirements for food safety and product integrity

• The role of the market and the supply chain has increasing significance in the area of packaging innovation and design

View Exhaustive Market Research Report @ https://www.reportsanddata.com/report-detail/food-packaging-technology-and-equipment-market

Major highlights of the report:

An all-inclusive evaluation of the parent market
The evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of the market value and volume in the past, present and forecast years
Market share evaluation
Study of niche industrial sectors
Tactical approaches of the market leaders
Lucrative strategies to help companies strengthen their position in the market

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This release was published on openPR.