Global Food Packaging Equipment Market by Application (Dairy, Convenience Food, Bakery), by Equipment (Filling & Dosing, Form-fill-seal, Cartoning) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global food packaging equipment market was valued at USD 41.30 Billion in 2017. It is expected to grow at a CAGR 4.87% during the forecast period. Food and beverage are key drivers of the demand. Growth is expected to be further boosted by the adoption of automated technology, industrial development and purchasing parity through 2025.

The market is expected to grow because of increased demand for dairy, ready-to-eat and other perishable foods, as well as convenience food items. The market is expected to grow due to increasing awareness of health and changing dietary habits. The demand for packaging equipment is expected to rise due to the increasing Westernization of Asia Pacific and other developing countries in terms food choices and lifestyle.

Food packaging equipment manufacturers will be encouraged to invest in R&D and comply with strict government regulations. Manufacturers can now produce high quality products in a short time and with minimal labor costs thanks to the latest technological advances in the manufacturing sector.

Recent years have seen a significant increase in demand for food packaging equipment, compared to manual operation machinery. Manufacturers will be able to take advantage of the latest automation trend in manufacturing. Perishable products such as meat, vegetables, and dairy products have short shelf life and can be damaged if they are not stored or handled properly. To control food degrading and standardize equipment, strict government policies and regulations are expected.

Equipment Insights

The market for food packaging equipment can be divided into form-fill–seal, filling-and-dosing, cartoning and case packing, wrapping, bundling and other based on its equipment. Because skilled labor was not readily available for automated packaging equipment, the associated costs were high. As an economic option, manufacturers chose semi-automatic or manual machinery. However, manufacturers now prefer automation to manual or semi-automatic machinery due to its efficiency and higher quality.

Manufacturers offer automated manufacturing systems to meet the demand for high quality, consistent products to be competitive in the market. Over the forecast period, filling and dosing equipment will be dominant and growing rapidly. This segment is expected to grow at a substantial CAGR because it can be used for a variety of products and applications.

Application Insights

In 2017, dairy products accounted for 20.36% market share. The short shelf life of perishable food products such as dairy, milk alternatives and allied products makes them vulnerable to contamination, polluting and changing climatic conditions. This is driving market growth.

There is a marked shift in food and beverage demand. Luxury, innovation, brand image, and popularity of food product are some of the factors that influence the buying behavior of a customer in hypermarket/supermarket and other retail shops. Manufacturers are expected to plan their promotional strategies for ready-to-eat and packaged food. This will likely boost the market growth. The demand for food and beverages is expected to rise, which will in turn drive the overall market.

Regional Insights

Asia Pacific was responsible for 32.34% of the market share in 2017. It is expected to grow at a CAGR 6.40% during the forecast period. The market is expected to gain momentum over the forecast period due to its economic stability, infrastructural developments, and purchasing parity. Market growth will be supported by technological investments in China and India. China's changing food preferences and increasing awareness of health are expected to have a significant impact on the food and beverage sector.

The projected growth in Central and Southern America (CSA), Middle East and Africa, (MEA) is also due to a changing lifestyle, greater influence from western culture, and greater industrialization, which will allow for greater speed to the manufacturing sector. Investors are eager to capitalize on the huge potential business opportunities in MEA/CSA because of their regional reach and business capabilities. This will be a positive factor for market expansion over the next years.

Market Share Insights & Key Companies

Among others, the key market players include GEA Group and Coesia S.p.A. as well as Bosch Packaging Technology GmbH, MULTIVAC Group and ARPAC LLC. The industry is dominated by multinational companies and they are concentrated in the developed regions of North America and Europe. These key manufacturers hold a large share of the global market. They are expected to shift their focus to developing regions, which could lead to potential infrastructural or industrial development in areas like Asia Pacific, MEA and CSA. To gain market insights, companies invest heavily in R&D to give their business strategies a competitive edge.

Market Report on Food Packaging Equipment

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional, or country level. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Grand View Research has divided the global market for food packaging equipment based on the following:

• Equipment Outlook (Revenue, USD Billion, 2014 - 2025 )

  • Fill-in-the-seal

  • Filling and Dosing

  • Cartoning

  • Case packing

  • Wrapping & Bundling

  • Other

• Application Outlook (Revenue, USD Billion, 2014 - 2025)

  • Bakery & Confectionary

  • Dairy Products

  • Fruits, Nuts and Vegetables

  • Seafood, Poultry, and Meat

  • Convenience food

  • Other

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Russia

    • Norway

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Australia

  • Central & South America

    • Venezuela

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • Egypt

These are the most frequently asked questions about this report

b. Global food packaging equipment market was valued at USD 45.40 Billion in 2019, and is projected to grow to USD 47.60 Billion by 2020.

b. Global food packaging equipment market will grow at a compound annual rate of 4.9% between 2018 and 2025, reaching USD 60.40 million by 2025.

b. With a 33.2% share in 2019, Asia Pacific was the market leader in food packaging equipment. This can be attributed to the following: Economic stability, infrastructural advancement, and purchasing parity.

b. GEA Group and Coesia S.p.A. are key players in the market for food packaging equipment.

b. Market growth is driven by the adoption of automated technology and increasing consumer disposable income.

Up Market Research published a new report titled “Food Packaging Equipment Market research report which is segmented by Application (Dairy, Convenience Food, Bakery), by Equipment (Filling & Dosing, Form-fill-seal, Cartoning), By Players/Companies ARPAC LLC, MULTIVAC Group, Bosch Packaging Technology GmbH, Coesia SpA, GEA Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Food Packaging Equipment Market Report Segments:

The market is segmented by Application (Dairy, Convenience Food, Bakery), by Equipment (Filling & Dosing, Form-fill-seal, Cartoning).

Food Packaging Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Food Packaging Equipment Market

Overview of the regional outlook of the Food Packaging Equipment Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Food Packaging Equipment Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Food Packaging Equipment Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Dairy

                2. Convenience Food

                3. Bakery

                1. Filling & Dosing

                2. Form-fill-seal

                3. Cartoning

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Food Packaging Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Product & Brand Management
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Reasons to Purchase the Food Packaging Equipment Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.