The global Food Packaging Equipment market was valued at USD 43.32 Mn in 2018 and is projected to increase significantly at a CAGR of 4.9% from 2019 to 2028.
The packaging industry is worth billions of dollars and is constantly growing. The food packaging industry is constantly evolving as companies strive to provide innovative, convenient, and safe products. New packaging materials and processes are constantly being developed in order to improve shelf life, reduce waste, and protect the environment. As a result, the food packaging equipment market is also constantly changing in order to keep up with the latest trends.
Some common food packaging equipment includes: filling machines, wrappers, sealers,labelers, and cartoners. This equipment is used to package a variety of food items such as: snacks, candy, baked goods, cereals, soups, and more.
The Asia-Pacific region is expected to be the fastest-growing market due to the growing population and rising income levels.
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Market Drivers
– Demand for various end uses industries is increasing
– Technology advancements in the product/service industry are increasing
– Raising funding for research and development activities
Market Restraints
– Available substitutes
-Significant initial investment
-Low availability in developing regions
Market Taxonomy
Type
Palletizer
Labelling & coding equipment
Filling & dosing equipment
Closing equipment
Wrapping & bundling equipment
Cartoning equipment
Others
Application
Dairy products
Meat
poultry & seafood
Bakery & confectionary
Cereals & grains
Beverages
Others
Key Market Players included in the report:
Bosch Packaging Technology
Oystar Holding GmbH
Multivac Inc.
Nichrome India Ltd
IMA Group
Ishida
Multivac Inc.
GEA Group among others
Key regions divided during this report:
– The Middle East and Africa Food Packaging Equipment Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– North America Food Packaging Equipment Market (United States, Canada, Mexico)
– Asia Pacific Food Packaging Equipment Market (China, Korea, India, Southeast Asia)
– South America Food Packaging Equipment Market (Brazil, Argentina, Colombia)
– Europe Food Packaging Equipment Market (Germany, UK, France, Russia, Italy)
Frequently Asked Questions
What will be the growth rate of the Food Packaging Equipment market?
What was the market size in 2021?
Which is the largest end user of Food Packaging Equipment?
Which is the largest market for Food Packaging Equipment?
Who are the top players in the Food Packaging Equipment market?
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