The global food packaging equipment market is expected to garner $19,268 million by 2023, from $14,740 million in 2016, registering a CAGR of 4.0% from 2017 to 2023. The food industry has a greater variety of packaging equipment than any other industry. Food products are filled hot, cold, frozen, dried, particulates, or just liquids and are vacuum sealed or packaged in bottles, boxes, bags, and cans to keep food fresh and convenient for use. Packaging equipment is used for filling, bagging, sealing, wrapping, bundling, cartooning, over-capping, lidding, labeling, decorating, coding, conveying, and palletizing. Packaging is the most essential process before commercializing or presenting the final product to industry or end-use consumers. Thus, advancement in technology has led to the emergence and innovations in food packaging equipment and contributed extensively toward the development of the market.
There are changes in the dietary preferences of the consumers, due to the rise in lifestyle. Also, there is a demand for ready-to-eat natural and organic food products that are highly perishable. Due to these factors, the packaging industry comes up with new packaging equipment and solutions for food safety and hygiene. Thus, hygienic packaging of food majorly drives the food packaging equipment market. The growth in purchasing power, large on-the-go consumer base, and rise in preference for online ordering of groceries leads to an increase in demand for packaged food thereby giving the food packaging equipment manufacturers more scope for expansion. Packaging not only extends the shelf life of food products but is also used for decoration purposes. Thus, packaging as a tool for product differentiation is anticipated to propel the growth of the market during the forecast period. Moreover, the growth in preference of consumers for protein-rich food leads to the increased consumption of processed meat, poultry, and seafood thereby driving the food packaging equipment market. Whereas, high cost of development and installation of food packaging equipment in most of the developing countries, stringent legislation for food safety, and energy-inefficient packaging equipment and machinery hamper the market growth. Moreover, the development of packaged food industry in emerging economies such as China, India, Indonesia, and Brazil proves to be an opportunity for market growth.
The global food packaging equipment market is segmented based on equipment, application, and geography. Based on equipment, it is divided into bottling line; cartoning; case handling; closing; filling & dosing; form, fill & seal; labeling, decorating & coding; palletizing; wrapping & bundling; and others. On the basis of application, the market is classified into meat, poultry & seafood, dairy, bakery & snack, frozen, candy & confectionery, cereal & grain, perishable prepared, and shelf-stable. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in this study include:
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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KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global food packaging equipment market to elucidate the prevailing opportunities and potential investment pockets. It offers qualitative trends as well as quantitative analysis for the period of 20162023 to assist stakeholders to understand the market scenario. An in-depth analysis of the key segments demonstrates the equipment of food packaging and their applications. Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities. The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.
KEY MARKET SEGMENTATION
Bottling Line Cartoning Case Handling Closing Filling & Dosing Form, Fill & Seal Labelling, Decorating, & Coding Palletizing Wrapping & Bundling Others
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North America U.S. Canada Mexico Europe UK Germany France Italy Russia Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific LAMEA Central & South America Middle East Africa
Illinois tool works, Inc. Tetra Laval International S.A. The Adelphi Group of Companies AMF Bakery Systems Arpac LLC Lindquist Machine Corporation Kaufman Engineered System
(The aforementioned companies have not been profiled in the report, but can be included on request.)
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