Food Packaging Machinery Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI), the latest report, the Food Packaging Machinery market is expected to be worth USD 17,792.5 million in 2022, growing at a 6.5% CAGR from 2022 to 2028. The demand for single-serving or packaged food items is rising due to longer working and commute times, the number of smaller houses, and other factors. A variety of products, including snacks, meat and poultry products, candy bars, chocolates, sauces, processed fruits and vegetables, and dairy products, are in demand for food packaging technology and equipment because of convenient packaging features like easy opening, portability, resealability, micro-perforation, lightweight, and easy handling. The increasing demand for adequate food packaging has compelled producers of food packaging machines to conduct research and development (R&D) and develop new technologies. Additionally, they prioritize creating food packaging with specific handling features for user-friendliness.

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Form, Fill, and Seal Equipment Segment to Dominate the Food Packaging Machinery Market:
The form, fill, and seal equipment segment is expected to account for a larger revenue share in the global food packaging machinery market, with a value share worldwide. It is projected to grow at a 7.2% CAGR between 2022 and 2028. The form, fill, and seal sector are predicted to develop quickly over the projection period. This packaging device provides high packing speed and consistency. Additionally, it is cost-effective because handmade bags cost less than ready-made ones. It boosts output, enabling the worker to reduce the number of shifts.

Asia Pacific Food Packaging Machinery Market:
The Asia Pacific market is expected to increase in the global food packaging machinery market over the forecast period. It is projected to grow at a CAGR of 7.5% in the coming years. Due to the increasing popularity of packaged foods in the region, APAC is anticipated to be the region with the most significant contribution to the global market for food packaging equipment. Additionally, the region's demand for packaged foods increased as disposable income rose. It is anticipated that developing nations like India and China will drive demand for online meal delivery services, increasing the demand for food packaging. Over the following ten years, this factor is anticipated to boost the global market for food packaging equipment.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global food packaging machinery market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The food packaging machinery market is segmented based on machinery type, technology, and geography.
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

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key player's profiles in the food packaging machinery market are Arpac LLC, Bosch Packaging Technology, Coesia Group, GEA Group, IMA Group, Ishida, Multivac, Inc., Nichrome India Ltd., Omori Machinery Co. Ltd., and Oystar Holding GmbH

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This release was published on openPR.