Global Food Packaging Equipment Market

Global Food Packaging Equipment Market Size, Share, Growth Analysis, By Equipment(Filling, Bottling), By Application(Bakery and Confectionery Products, Meat and Poultry Products) - Industry Forecast 2024-2031


Report ID: SQMIG15H2043 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 65 | Figures: 65

Global Food Packaging Equipment Market Dynamics

Food Packaging Equipment Market Drivers

Global Urbanization and Industrialization

  • Urbanization and industrial growth are boosting the demand for packaged foods, necessitating efficient and automated packaging solutions.

Consumer Demand for Freshness and Quality

  • Consumers are seeking fresher and higher-quality packaged foods, spurring the need for innovative packaging technologies that preserve product freshness.

Food Packaging Equipment Market Restraints

Complexity in Integration

  • Integrating new technologies and equipment into existing production lines can be complex and time-consuming, affecting operational efficiency during the transition.

Sustainability Challenges

  • While there is a growing demand for sustainable packaging, the development and adoption of eco-friendly materials and processes may face technological and cost-related barriers.
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Global Food Packaging Equipment Market size was valued at USD 20.10 billion in 2022 and is poised to grow from USD 20.82 million in 2023 to USD 27.63 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).

The competitive landscape of the global food packaging equipment market is marked by a mix of established industry leaders and innovative newcomers. Key players such as Bosch Packaging Technology, Ishida Co. Ltd., and Multivac Group dominate with their extensive product portfolios, technical expertise, and global reach. These incumbents leverage their experience to provide cutting-edge packaging solutions for diverse food products. 'Bosch Packaging Technology (Germany)', 'Ishida Co. Ltd. (Japan)', 'Multivac Group (Germany)', 'Tetra Laval International S.A. (Switzerland)', 'ARPAC LLC (USA)', 'Coesia S.p.A. (Italy)', 'GEA Group AG (Germany)', 'Nichrome India Ltd. (India)', 'Omori Machinery Co. Ltd. (Japan)', 'Harpak-ULMA Packaging, LLC (USA)'

Urbanization and industrial growth are boosting the demand for packaged foods, necessitating efficient and automated packaging solutions.

Sustainability and Eco-friendly Packaging: Increasing environmental awareness is driving a shift towards sustainable packaging solutions, such as biodegradable materials and reduced packaging waste.

Experiencing remarkable acceleration, the Asia Pacific region emerged as the vanguard of growth within the food packaging technology and equipment market. This ascent is profoundly attributed to the region's rapid economic expansion and the surge in urbanization. Notably, the International Monetary Fund's World Economic Outlook underscored the pivotal role of economic powerhouses, China and Japan, ranking as the second- and third-largest global economies in 2017, cementing the region's significance on the world stage.

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Global Food Packaging Equipment Market

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