Global Food Packaging Equipment Market

Food Packaging Equipment Market Size, Share, Growth Analysis, By Equipment(Filling, Bottling, Case Cartoning, Labeling and Palletizing), By Application(Bakery and Confectionery Products, Meat and Poultry Products, Dairy Prod-ucts, Beverages and Others), By Region - Industry Forecast 2025-2032


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

Food Packaging Equipment Market Insights

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.

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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).

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

Report ID: SQMIG15H2043

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