USD 20.10 billion
Report ID:
SQMIG15H2043 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
65
|Figures:
65
Food Packaging Equipment Market size was valued at USD 20.06 Billion in 2023 and is poised to grow from USD 21.1 Billion in 2024 to USD 43.81 Billion by 2032, growing at a CAGR of 0.052 during the forecast period (2025-2032).
Within the realm of the food packaging industry, food packaging machinery assumes a pivotal role encompassing labeling, sealing, palletizing, and amalgamation tasks. These sophisticated machines find applications across bakery, beverage, and meat processing sectors. Industry players are diligently crafting advanced technology-driven products to elevate user experiences. A case in point is Tetra Pak's recent announcement in April 2019, introducing a groundbreaking connected packaging platform that transforms milk and juice cartons into interactive information conduits, revolutionizing user engagement.
The food industry operates within a stringent regulatory framework to ensure an environment of safety and hygiene during the packaging process. Governments worldwide are enacting various laws and regulations concerning food equipment hygiene due to escalating apprehensions surrounding foodborne illnesses. In 2011, the Food and Drug Administration (FDA) instituted the Food Safety Modernization Act (FSMA), granting the FDA authority for recall, production suspension, and foodservice provider audits. Similarly, the European Union (EU) introduced the 'food contact materials' safety concept, mandating that materials like packaging, processing machines, cutlery, and dishes that interact with food adhere to stipulated EU government requirements. This directive encourages food manufacturers to design and implement equipment with meticulous consideration for food hygiene, thus fortifying the industry's commitment to maintaining the highest standards of safety and quality.
US Food Packaging Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.10 billion
Largest Segment
Filling
Fastest Growth
Bottling
Growth Rate
3.6% CAGR
To get more reports on the above market click here to Buy The Report
The global food packaging equipment market is segmented on the basis of equipment, application, region. By equipment, the market is segmented into filling, bottling, case cartoning, labeling and palletizing. By application, the market is segmented into bakery and confectionery products, meat and poultry products, dairy products, beverages and others. By Region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Food Packaging Equipment Market Analysis By Equipment
Anticipated in the imminent horizon, the filling equipment segment is poised to exhibit accelerated growth. This surge can be attributed to the escalating necessity of encapsulating food products within meticulously designed packaging. Such packaging not only safeguards the inherent quality of the consumables but also facilitates easy accessibility to the nourishment they contain. The pivotal role of this segment lies in ensuring that food items are enclosed with precision and efficacy, upholding their freshness and integrity.
In a parallel trajectory, the food labeling equipment sector is primed for a remarkable expansion. This projection stems from the mounting demand for comprehensive product information dissemination, especially in the form of nutrition fact labels. These labels stand as essential conduits of knowledge, furnishing consumers with intricate details about nutritional content and product safety. By providing such transparent insights, the food labeling equipment segment contributes significantly to fostering consumer trust and informed decision-making.
Delving deeper, the domain of food case cartoning equipment comes to the fore. This category encompasses an array of packaging machinery, adept at crafting diverse carton configurations – be it sealed, folded, or closely enveloped cartons. These adept mechanisms orchestrate the harmonious orchestration of cartons, ensuring that the packaging process is precise, streamlined, and compliant with the desired packaging aesthetics.
Lastly, the food palletizing equipment arena emerges as another focal point of prospective growth. Its ascendancy is anchored in its capability to seamlessly and autonomously arrange food products onto pallets. This process of automated stacking not only expedites handling but also optimizes storage and transportation. This equipment category resonates particularly in the context of efficient logistics management, ultimately accentuating its anticipated substantial growth.
Food Packaging Equipment Market Analysis By Application
The bakery and confectionery food products sector prominently commands a significant share in the food packaging technology and equipment market. This dominance is underscored by the imperative role that meticulous packaging plays in safeguarding bakery items. Beyond mere containment, proper packaging serves as a safeguard against moisture fluctuations, preserving taste nuances, and elevating hygiene standards.
The ascent of automatic packaging equipment is swiftly gaining momentum, particularly within the milk & dairy products industry. This surge in demand can be attributed to its multifaceted utility, extending to the beverage sector for tasks such as labeling and palletizing. Additionally, the proliferation of liquor consumption forms an auspicious avenue for market advancement, thus charting a path for potential growth opportunities.
A notable catalyst for substantial revenue generation within the food packaging machinery market is the burgeoning meat & poultry industry. Notably, heat-shrinking packaging surfaces as a pivotal player in this context. Its wide adoption serves to notably extend the shelf life of meat products, aligning seamlessly with the globally expanding demand for meat and poultry consumables.
The market landscape extends its arms to encompass a spectrum of other segments, including grains, nuts, fruits, and vegetables. While their growth trajectory may be characterized by a more moderate pace, the deployment of adept equipment to curate the requisite quantity of packaging material remains a common denominator. This comprehensive framework portrays a vibrant ecosystem where varying food segments find tailored packaging solutions to align with their unique preservation and presentation prerequisites.
To get detailed analysis on other segments, Request For Free Sample Report
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.
This dynamic landscape is further fueled by an amalgamation of factors poised to exert a constructive influence on the market. The rise in household incomes and the concurrent proliferation of a burgeoning middle-class demographic amplify the demand for packaged and convenient food items throughout the Asia Pacific. The discerning preferences of this burgeoning consumer base towards ready-to-consume and easily accessible sustenance products are steering the market trajectory towards sustained growth.
As urbanization and economic prowess continue to reshape the Asia Pacific, the food packaging technology and equipment market is poised to evolve in tandem. The interplay of economic expansion, shifting demographics, and evolving consumer behavior renders this region a focal point for innovative strategies and investments within the realm of food packaging technology.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Food Packaging Equipment Market Drivers
Global Urbanization and Industrialization
Consumer Demand for Freshness and Quality
Food Packaging Equipment Market Restraints
Complexity in Integration
Sustainability Challenges
Request Free Customization of this report to help us to meet your business objectives.
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.
Moreover, a surge of technological advancements has opened doors for emerging companies to disrupt the market. Startups and smaller players are introducing automation, smart packaging, and sustainable solutions, driving competition and fostering innovation.
The industry's competitive dynamics are intensified by shifting consumer demands for eco-friendly packaging and enhanced food safety. Brands that prioritize sustainability and embrace digitalization are poised to gain a competitive edge. As market trends continue to evolve, maintaining a balance between traditional excellence and innovation remains pivotal for players striving to excel in the global food packaging equipment arena.
Food Packaging Equipment Market Top Player’s Company Profiles
Food Packaging Equipment Market Recent Developments
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.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global food packaging equipment market Analysis, the global food packaging equipment market has experienced substantial growth driven by factors like rising demand for packaged foods, technological progress, and stringent safety regulations. Automation and innovation are pivotal, enhancing efficiency and precision. Smart packaging and IoT integration enable real-time monitoring.
Challenges include the call for eco-friendly packaging amid environmental concerns. COVID-19 emphasized resilient supply chains, showcasing adaptability's significance.
In conclusion, the market displays a promising path with technology-driven advancements, sustainability focus, and consumer demand for convenience and safety. Industry players must navigate these trends for sustained growth in a competitive landscape.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 20.06 Billion |
Market size value in 2032 | USD 43.81 Billion |
Growth Rate | 0.052 during the forecast period (2025-2032).% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Food Packaging Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Packaging Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Packaging Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Packaging Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG15H2043
sales@skyquestt.com
USA +1 351-333-4748