Food Packaging Machinery Market Shares, Strategies and Opportunities 2028

According to Precision Business Insights (PBI) latest report The global food packaging machinery market is expected to be worth USD 18,949.0 million in 2022, growing at a 6.1% CAGR from 2022 to 2028. The demand for packaged and hygienic food has increased as people's disposable income has increased. The expectation that a product would be safe from the time it is packaged until it reaches the shelves/fridges has produced a pressing need to incorporate cutting-edge technologies. Food packaging machinery is in high demand due to technological advancements that have resulted in faster, safer, and more dependable packing. Moreover, other companies are focusing on expanding to maintain the growth in the global food packaging market. For instance, in 2020, Record S.p.A of Italy (Lecco) became part of the IMA Group of companies expanding the Group's vast range of flexible packaging solutions and automated feeding systems.

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Horizontal Form, Fill, and Seal Equipment Expected to Increase Significantly the Food Packaging Machinery Market:
The horizontal form, fill, and seal equipment segment is expected to account for a significant share in the global food packaging market projected to reach around USD X Mn by 2028. Horizontal Form, Fill, and Seal Equipment this equipment is mainly used for sachets packaging like drinkable dairy products, chocolate bars. Moreover, other benefits of horizontal form, fill, and seal equipment is that it optimizes the total cost of ownership and allows for more flexibility in sizes and shapes in production. It also provides the manufacturer with total control of its packaging process.

The Asia Pacific Leads Food Packaging Machinery Market:
The Asia Pacific held to have the largest share in the global food packaging machinery market and the market is expected d rise at a significant CAGR over the forecast years owing to the increase in the population demand for packaged food products coupled with rising in the working women population across India, China, and Japan. Moreover, demand for packaging machines in China is likely to witness growth in the coming years on account of the rise in the number of food packaging industries across the country.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Food Packaging Machinery market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,In April 2021, Company launched latest version of its SKIN thermoforming packaging technology PowerPak SKIN.50 that provides vacuum and MAP packaging on the same machine

Detailed Segmentation:
Based on the Machinery Type, the market is segmented into the following:
• Horizontal Form, Fill, and Seal Equipment
• Vertical Form, Fill, and Seal Equipment
• Thermoforming Equipment
• Modified Atmosphere Packaging Equipment
• Automated Loading Equipment

Based on the Technology, the market is segmented into the following:
• Manual
• Semi-Automatic
• Automatic

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Key player's profiles in the Food Packaging Machinery market report 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).

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