Food Packaging Equipment Market: Global Industry Forecast (2023-2029)

Food Packaging Equipment Market size was valued at US$ 19.89 Bn. in 2022 and the total Food Packaging Equipment revenue is expected to grow at 4.97 % through 2023 to 2029, reaching nearly US$ 27.94 Bn.
Food Packaging Equipment Market Overview:
The Food packaging equipment is an important part of the global food industry. Food packaging is required in order to properly distribute the products to clients. In the food packaging sector, food packaging equipment performs multiple duties such as wrapping, sealing, coding, and filling. Food product packaging ensures product stability throughout the supply chain. Efficient food packaging can withstand a wide temperature range. Bakery, confectionery, dairy goods, poultry, meat and fish, fruits and vegetables, convenience meals, and others are the most common food packaging applications.

Packing comes in a variety of styles depending on the type of food being packed. Various food packaging equipment is utilized to pack these food products. The packing styles vary based on the product's quality and shelf life. Increased consumer awareness of hygienic food products may boost the food packaging equipment market. Overall, the global food packaging equipment outlook appears to be positive throughout the forecast period.To know about the Research Methodology :- Request Free Sample Report

In this report, the Food Packaging Equipment market's growth reasons, as well as the market's many segments (Type, Application, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Food Packaging Equipment market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Food Packaging Equipment market situation.
Food Packaging Equipment Market Dynamics:
Nowadays, it's rare to find a packaging facility without a flexible packaging machine.

Flexible packaging machines are in great demand in various industries, such as food and beverage, pharmaceuticals and dietary supplements, hardware, and non-food products. In the manufacturing company, there are several alternatives available to ensure that food is safely packaged and delivered to the client without being interfered with. These Food Packaging Equipment provide accuracy, Improve speed and efficiency, reduced injury, provides Greater sustainability, and reduced labor costs. These factors are fuelling the growth of Food Packaging Equipment over the forecast period.

Automated packaging solutions have transformed the production stream resulting in the tremendous growth of the food packaging equipment market.

It is important for manufacturers to safely transport the products to their next destination in a cost-effective manner as possible. Manufacturers can minimize the risks arising from the manufacturing process by using automated packaging. There are few packaging requirements that cannot be managed without using automated processes, thanks to the advanced material handling abilities provided by cutting-edge robotics technology. The most evident advantage of automated packaging is that it provides a higher production rate than manual packaging. Advanced robot technology and software can perform the same set of programmed actions more quickly, precisely, and safely. And, thanks to the high precision of technology that can securely handle even the most delicate products.

COVID 19 Impact has also boosted the market growth

Furthermore, the COVID 19 virus's spread across the world has created labor shortage issues for manufacturers and production facilities affecting packaging productivity. To fulfill industrial demand, this factor has stimulated the adoption of modern packaging equipment. The increased adoption of Food Packaging Equipment is expected to boost the growth of the market in the next years.

Restraint for the market growth.

The increase in counterfeit food packaging has hampered the growth of the food packaging technology and equipment market. On the other side, high investment costs and stringent government regulations are expected to hinder the market.
Food Packaging Equipment Market Segment Analysis:
By Type, the Form, Fill & Seal segment is the most common type of flexible packaging equipment. Form fill seal machines are easy to operate and inexpensive to use. However, operation and changeover require technical competence. Some machines carry out these operations horizontally (horizontal form fill seal or HFFS), whereas others carry them out vertically (vertical form fill seal or VFFS). Vertical form fill seal machines provide several benefits over horizontal machines, including a lower cost and less floor space.

The filling and dosing equipment segment is expected to dominate the market during the forecast period. These machines are utilized in a variety of products and applications allowing the market to develop at a rapid pace.

By Application, the dairy products segment dominated the Food Packaging Equipment market accounting for 20.36 percent of the market share in 2022. Fresh food products, such as dairy, and dairy substitutes have a short shelf life making them vulnerable to contamination, pollution, and climate changes are driving the market growth.

The meat, poultry, and seafood segment are expected to hold the greatest market share by 2029. This segment's rapid rise can be attributed to the growing consumption of processed and frozen meat and seafood. Furthermore, thanks to developments in cold-chain logistics and effective packaging technologies, the growing global consumption of processed meat products.
Regional Insights
APAC is expected to be the largest consumer of global food packaging equipment because of the region's increased consumption of packaged food. Furthermore, rising disposable income increases the demand for packaged foods in the region. Countries such as India and China are likely to drive demand for online food services, resulting in an increased need for food packaging. Over the coming years, this factor is likely to drive the global food packaging equipment market.

North America and Western Europe are likely to have average growth in the global food packaging equipment market owing to the region's well-established food processing industries. Latin America and Eastern Europe are also likely to rise at a moderate pace. MEA is expected to have profitable growth in the global market as a result of the establishment of food processing industries in the region. Japan is expected to grow at a slower rate than the rest of the world.

The objective of the report is to present a comprehensive analysis of the Food Packaging Equipment market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Food Packaging Equipment market dynamics, and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Food Packaging Equipment market make the report investor’s guide.
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Global Food Packaging Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 19.89 Bn.


Forecast Period 2023 to 2029 CAGR:
4.97%
Market Size in 2029:
US $ 27.94 Bn.


 Segments Covered:
by Material
Metal
Glass
Wood Paper
Paperboard
Plastics
Others


by Type
Form, Fill & Seal
Bottling Line
Cartoning
Case Handling
Closing
Filling & Dosing
Labelling, Decorating, & Coding
Palletizing
Wrapping & Bundling
Others


by Application
Meat, Poultry & Seafood
Dairy
Bakery & Snack
Frozen Food
Candy & Confectionery
Cereal & Grain
Perishable Prepared
Shelf Stable



Food Packaging Equipment Market Key Players are:
1. Arpac LLC
2. Bosch Packaging Technology
3. Coesia Group
4. GEA Group
5. IMA Group
6. Ishida
7. Multivac, Inc.
8. Nichrome India Ltd.
9. Omori Machinery Co. Ltd
10. Oystar Holding GmbH.
11. Tetra Laval International S.A.
12. The Adelphi Group of Companies
13. AMF Bakery Systems
14. Lindquist Machine Corporation
15. Kaufman Engineered System

FAQs:

1. Which is the potential market for the Food Packaging Equipment in terms of the region?
Ans. In the APAC region, rising disposable income increases the demand for packaged foods is expected to drive the market.

2. What is expected to drive the growth of the Food Packaging Equipment market in the forecast period?
Ans. Automated packaging solutions have transformed the production stream resulting in the tremendous growth of the food packaging equipment market.

3. What is the projected market size & growth rate of the Food Packaging Equipment Market?
Ans. Food Packaging Equipment Market size was valued at US$ 19.89 Bn. in 2022 and the total Food Packaging Equipment revenue is expected to grow at 4.97 % through 2023 to 2029, reaching nearly US$ 27.94 Bn.

4. What segments are covered in the Food Packaging Equipment Market report?
Ans. The segments covered are Type, Material, Application, and Region.