The food business has the most diverse range of packaging equipment of any industry. To keep food fresh and convenient for use, food products are filled hot, cold, frozen, dried, particles, or merely liquids then vacuum sealed or packaged in bottles, boxes, bags, and cans. Filling, bagging, sealing, wrapping, bundling, cartoning, over-capping, lidding, labeling, decorating, coding, conveying, and palletizing are all done with packaging machinery. Packaging is one of the most important steps before commercialization or presentation of the finished product to industry or end-user consumers. Thus, technological advancement has resulted in the creation and invention of food packaging equipment, which has significantly contributed to the market's development.
Consumer food choices have changed as a result of the rise in lifestyle. Demand for ready-to-eat natural and organic food products that are highly perishable has been witnessed. As a result of these factors, the packaging industry develops innovative packaging equipment &solutions for food safety and cleanliness. Thus, the food packaging equipment industry is primarily driven by hygienic packaging of food. The increase in purchasing power, large on-the-go consumer base, and preference for online grocery ordering leads to an increase in demand for packaged food, giving food packaging equipment manufacturers more room to grow. Packaging not only enhances the shelf life of food products, however it is also utilized for decoration. Thus, packaging as a tool for product differentiation is expected to drive market growth during the forecast period. Furthermore, rise in consumer desire for protein-rich foods leads to higher consumption of processed meat, poultry, and seafood, propelling the food packaging equipment market. Whereas in most developing countries, the high cost of developing &installing food packaging equipment, stringent food safety legislation, and energy-inefficient packaging equipment &machinery stifle market growth. Furthermore, the development of the packaged food industry in emerging economies such as China, India, Indonesia, and Brazil presents a growth opportunity for the market.
The food packaging equipment market is segmented on the basis of equipment, application, and region. By 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. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Consumer food choices have changed as a result of the rise in lifestyle. Demand for ready-to-eat natural and organic food products that are highly perishable has been witnessed. As a result of these factors, the packaging industry develops innovative packaging equipment &solutions for food safety and cleanliness. Thus, the food packaging equipment industry is primarily driven by hygienic packaging of food. The increase in purchasing power, large on-the-go consumer base, and preference for online grocery ordering leads to an increase in demand for packaged food, giving food packaging equipment manufacturers more room to grow. Packaging not only enhances the shelf life of food products, however it is also utilized for decoration. Thus, packaging as a tool for product differentiation is expected to drive market growth during the forecast period. Furthermore, rise in consumer desire for protein-rich foods leads to higher consumption of processed meat, poultry, and seafood, propelling the food packaging equipment market. Whereas in most developing countries, the high cost of developing &installing food packaging equipment, stringent food safety legislation, and energy-inefficient packaging equipment &machinery stifle market growth. Furthermore, the development of the packaged food industry in emerging economies such as China, India, Indonesia, and Brazil presents a growth opportunity for the market.
The food packaging equipment market is segmented on the basis of equipment, application, and region. By 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. By Region, 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
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 2020-2031 to assist stakeholders to understand the market scenario
- 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 regions 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
By Equipment
- Bottling Line
- Cartoning
- Case Handling
- Closing
- Filling & Dosing
- Form, Fill & Seal
- Labeling, Decorating, & Coding
- Palletizing
- Wrapping & Bundling
- Others
By Application
- Meat, Poultry & Seafood
- Dairy
- Bakery & Snack
- Frozen Food
- Candy & Confectionery
- Cereal & Grain
- Perishable Prepared
- Shelf Stable
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Central & South America
- Middle East
- Africa
KEY PLAYERS
- Illinois tool works, Inc
- Tetra Laval International SA
- The Adelphi Group of Companies
- AMF Bakery Systems
- Arpac LLC
- Lindquist Machine Corporation
- Kaufman Engineered System
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Food Packaging Equipment Market, by Equipment Type
Chapter 5: Food Packaging Equipment Market, by Application
Chapter 6: Food Packaging Equipment Market, by Distribution Channel
Chapter 7: Food Packaging Equipment Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report 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%.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.
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.
On the basis of equipment type, the market is divided into bottling line; cartoning; case handling; closing; filling & dosing; form, fill & seal; labelling, decorating & coding; palletizing; wrapping & bundling; and others. Form, fill & seal segment is expected to be the fastest growing during the forecast period. This packaging equipment provides high packing speed and consistency. It is also economical as hand-made bags are less expensive than pre-made bags. Moreover, it increases production rate, allowing the employees to cut the amount of shifts.
On the basis of application, the market is divided into meat, poultry & seafood, dairy, bakery & snack, frozen, candy & confectionery, cereal & grain, perishable prepared, and shelf stable. Meat, poultry, and seafood processing equipment held the greatest percentage of the entire food processing equipment market in 2020. This segment's substantial share is mostly due to rise in demand for processed meat products, surge in urbanization & disposable income, and customer preferences for protein-rich food products & convenience foods.
On the basis of distribution channels, market is bifurcated into offline and online. Physical routes to market continue to be the most popular channel for purchasing food packaging equipment. Physical or offline purchases provide buyers a better chance to see and feel what the item genuinely looks like. Moreover, equipment trials are supplied by the makers to get better understanding of the food packaging equipment.
Labels and codes are used on every kind of food product to brand, decorate, provide information, and track products. It consists of high ink-jet coders for printing barcodes, graphics, and text on cartons. Moreover, it has a wide array of print and applies labelers for labeling bottles, cartons, and pallets with high resolution graphics text and barcodes. This provides protection against tampering.
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 54%during the forecast period
- 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, and Oystar Holding GmbH
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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