Food Packaging Equipment Market Projected to Reach $33.15 Billion by 2031, Driven by Demand for Shelf-Stable Products and Technological Advancements.

According to a new report published by Allied Market Research, titled, "Food Packaging Equipment Market by Equipment Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031," The global food packaging equipment market size was valued at $16,901.0 million in 2020, and is projected to reach $33,148.2 million by 2031, registering a CAGR of 6.3% from 2022 to 2031. The shelf stable segment was the highest revenue contributor to the market, with $4,209.8 million in 2020, and is estimated to reach $7,106.9 million by 2031, with a CAGR of 4.8%.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲/𝗧𝗢𝗖 https://www.alliedmarketresearch.com/request-sample/2348

Food packaging equipment market includes machines used at each stage of the packaging process. Food packaging equipment that performs distinct packaging functions at different stages of processing includes bottling lines, cartoning, case handling, closure, filling & dosing, FFS (form, fill & seal) machinery, labeling, decorating, & coding, palletizing, wrapping & bundling, and others. The food and beverage industry is one of the major industries that drive demand for food packaging equipment market share. Purchasing power parity, industrial development, and the adoption of automated technology are all expected to boost growth during the forecast period.

The rise in food packaging equipment market demand for appealing and innovative packaging in the food industry for product differentiation; rise in consumption of processed meat, poultry, and seafood; surge in purchasing power, and preference for online grocery shopping all lead to increase in demand for packaged food, which is expected to drive the food packaging equipment market.

Demand for ready-to-eat, dairy and other perishable products, as well as convenience food items, is expected to drive the market growth. Increased health awareness and dietary changes are projected to boost development even further. Westernization of food preferences and lifestyle in Asia-Pacific and other developing regions is expected to augment demand for these food packaging equipment market.

𝗦𝗽𝗲𝗮𝗸 𝘄𝗶𝘁𝗵 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 https://www.alliedmarketresearch.com/connect-to-analyst/2348

Rise in demand for equipment in developing countries is expected to drive the growth of the food packaging equipment market. Manufacturers' increased efforts in R&D propel the food packaging equipment market in a positive direction. The surge in demand for ready-to-eat, dairy, and other perishable products, as well as convenience food items, is expected to boost the food packaging equipment market growth. Growth in health consciousness and change in eating patterns are projected to drive growth in the global food packaging equipment market during the forecast period. The increased consumption of packaged food products around the world has positively impacted the global food packaging equipment market growth.

Strict government requirements governing equipment quality are likely to motivate food packaging equipment producers to invest in and improve their R&D skills. The most recent trend in technical improvement in industries, particularly the manufacturing sector, has enabled manufacturers to produce high-quality products with minimal time, labor, and operational costs.

The coronavirus pandemic has had a major impact on the global food packaging equipment market. The virus's unexpected emergence has prompted government officials to adopt strict lockdown restrictions and social separation techniques. The implementation of travel regulations has switched consumer focus to packaged goods and beverages for daily meals. Furthermore, the virus's spread among manufacturing workers has generated labor scarcity issues for manufacturers and production facilities, affecting packaging output. To meet industrial demand, this factor has stimulated the adoption of modern packaging equipment. Growth in packaging equipment is anticipated to be aided by increased use in the future years.

𝗚𝗲𝘁 𝗙𝗶𝗻𝗮𝗹-𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 https://www.alliedmarketresearch.com/checkout-final/280b5edec744914ef0bba2c7f1631928

Whereas, high cost of development and installation of food packaging equipment in most of the developing countries, stringent legislations for food safety, and energy-inefficient packaging equipment &machinery hamper the market growth.Growth in packaged food industry in emerging economies such as China, India, Indonesia, and Brazil make way for growth opportunity.

𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆

📍 Asia-Pacific is expected to maintain its dominant position in the market in terms of value during the forecast period, followed by Europe.

📍 Meat, poultry, and seafood are the fastest growing segment of the market in 2020, and shelf stable segment was the largest contributor in 2020.

📍 The Asia-Pacific food packaging equipment market is anticipated to grow at the highest CAGR from 2022 to 2031.

📍 North America accounted for approximately one-seventh share in the market, and is expected to grow at a CAGR of 5.4%during the forecast period.

𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 https://www.alliedmarketresearch.com/purchase-enquiry/2348

𝗧𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗳𝗼𝗼𝗱 𝗽𝗮𝗰𝗸𝗮𝗴𝗶𝗻𝗴 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗿𝗲 :

▶️ Arpac LLC
▶️ Bosch Packaging Technology
▶️ Coesia Group
▶️ GEA Group
▶️ IMA Group
▶️ Ishida
▶️ Multivac, Inc.
▶️ Nichrome India Ltd.
▶️ Omori Machinery Co. Ltd.
▶️ Oystar Holding GmbH.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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