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 News

  • In February 2024, ProMach, a global supplier of processing and packaging solutions, announced that it had completed its acquisition of Zanichelli Meccanica S.p.A., known better as Zacmi, an Italian producer of filling, seaming and pasteurization systems. Financial details of the transaction were not disclosed.

     

  • In February 2024, Jintian Packaging Machinery Co., Ltd., a leading innovator in packaging solutions, revealed its strategic initiative to aggressively enter the U.S. market in 2024. With a robust lineup of cutting-edge products, including vertical form fill seal(VFFS) machines, stick pack machines, and multi-head weigher packing machines etc, the company aims to bring its expertise and advanced technology to American industries.

     

  • In December 2023, packaging solutions company Multivac officially opened its new production and sales facility in the industrial area of Ghiloth, 120km south-west of Delhi, India.

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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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