According to the current analysis of Reports and Data, the Global Food Packaging Technology And Equipment Market was valued at USD 46.76 Billion in 2020 and is expected to reach USD 76.56 Billion by the year 2028, at a CAGR of 6.3%. There’s a growing demand for food packaging technology in the marketplace for packaging machinery. Companies are increasing research to initiate versatility in these novel filling dosing machines. Technological innovations are likely to spice up market growth. However, challenges of floor space and the accuracy of devices act as a barrier for packaging companies, especially within the pharmaceutical landscape. Hence, companies are introducing new liquid unit-dosing cup machines that ensure efficiency in packaging without cutting on the floor space. Food packaging technologies and equipment play an essential role attributable to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and multiple applications. The technology segment for the global food packaging technology equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Supported equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.
Increased time period and food quality sustainability are the two essential benefits of food packaging, which points towards the rising demand for food packaging technology equipment. Continuous development in packaging designs, standards, and raw materials concerning the environment by the manufacturers is one of the key factors promoting the market growth. However, the high initial investment for food packaging equipment is anticipated to restrain the growth of the world food packaging technology equipment market to some extent. Since the beverage end-use segment is anticipated to account for the largest share of the packaging machinery market, organizations are increasing their production capacities to manufacture coffee capsule packaging machines. Sachet packaging systems are growing popularity within the marketplace for packaging machinery. Companies are increasing the provision of end-to-end automated packaging solutions using vertical form-fill-seal technology. On the idea of this technology, companies within the marketplace for packaging machinery are making it possible to group and package sachets in a tamper-evident carton.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market.
Some of the Leading Market Players Are Listed Below:
- Robert Bosch (Germany),
- GEA Group (Germany),
- IMA Group (Italy),
- COESIA Group (Italy),
- Ishida (Japan),
- ARPAC (US),
- Multivac (Germany),
- Omori Machinery Company (Japan),
- Nichrome India (India),
- Adelphi Group (UK),
- Kaufman Engineered Systems (US),
- Lindquist Machine Corporation (US)
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The Global Food Packaging Technology and Equipment Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
On the basis of type, the food packaging technology market has been segmented as follows:
- Controlled
- Active
- Intelligent
- Aseptic
- Biodegradable
- Others (edible and nano-enabled technology)
On the basis of material, the food packaging technology market has been segmented as follows:
- Metal
- Glass wood
- Paper paperboard
- Plastics
- Others (polysaccharides, proteins, and lipids)
On the basis of application, the food packaging technology market has been segmented as follows:
- Dairy dairy products
- Bakery products
- Confectionery products
- Poultry, seafood, and meat products
- Convenience foods
- Fruits vegetables
- Others (sauces dressings and condiments)
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Food Packaging Technology and Equipment market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Food Packaging Technology and Equipment industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Food Packaging Technology and Equipment Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2028
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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