“The market for food packaging equipment is driven by various factors such as the increasing demand for packaged food products, the need for longer shelf life of food products, the growing popularity of convenience foods, and the rise in disposable incomes leading to increased spending on processed and packaged food.”
The realm of food packaging equipment continues to evolve in the highly demanding and rapidly changing competitive environment. Food packaging equipment is a crucial component of the global food industry. Food packaging is compelled to effectively deliver it to consumers. In the food packaging industry, food packaging equipment performs various tasks such as wrapping, sealing, scripting, and stuffing. Food product packaging guarantees durability across the distribution chain.
The food packaging equipment market refers to the industry that produces machinery and equipment used in the packaging of various food products. This includes equipment used in primary packaging (direct contact with the food) such as filling and sealing machines, as well as secondary packaging (outer layer) such as cartoners, case packers, and palletizers.
The market for food packaging equipment is driven by various factors such as the increasing demand for packaged food products, the need for longer shelf life of food products, the growing popularity of convenience foods, and the rise in disposable incomes leading to increased spending on processed and packaged food.
According to our research, the increased urbanization and the number of individuals preferring on-the-go meals bolsters the requirement for food packaging equipment. Heightened consumer consciousness of hygienic food products may compel the food packaging industry growth. Overall, the world food packaging equipment outlook appears to be optimistic over the forthcoming years.
Organizations are striving to achieve these conceivable consequences. Customers’ increasing advent of new, appealing, and easy-to-carry packaging, as well as automakers’ competition to supply efficient packaging to customers, are cruising overall growth. The global food packaging equipment market is predicted to expand during the coming decade owing to increasing disposable income and the growth of the online market.
According to our research, enterprises must also overcome a variety of obstacles to adopting market growth. Such as, plastic foils and wrappers, metal, cardboard, and other packing material are heavy composite materials that are unable to be easily degraded. This induces soil contamination and a variety of other environmental concerns. Governments around the world are launching a variety of initiatives to address packaging waste and recycling issues. The administration has also constrained the use of recycled materials for packaging, citing the risk of dangerous compounds leaching into food products.
Because of the region’s increasing prevalence of packaged products, APAC is predicted to be the biggest contributor to the worldwide food packaging market worldwide. Furthermore, rising disposable income leads to increased demand for packaged foods in the region. Nations like India and China are estimated to propel online food services, resulting in a greater need for food packaging. Over the coming decade, this aspect is expected to drive the global food packaging equipment market.
Because of the region’s well-established food processing industries, North America and Western Europe are expected to experience average growth in the global food packaging equipment market. Latin America and Eastern Europe are also presumed to grow at a moderate pace.
FMI recently completed an in-depth evaluation of key vendors and the most recent developments. Bosch Packaging Technology, Oystar Holding GmbH, Multivac Inc., Nichrome India Ltd, IMA Group, Ishida, Multivac, Inc., and GEA Group are some of the market players in the global food packaging equipment market.
Food packaging equipment manufacturers are facing highly demanding and rapidly changing competitive environment. Food packaging equipment is one of the most important part of global food industry. Packaging of food is necessary in order to deliver them to customers in a proper way.
Efficient food packaging can withstand wide range of temperature variation. Food packaging applications mainly comprises of bakery, confectionary, dairy products, poultry, meat and seafood, fruits & vegetables, convenience foods and others. Growth in technology has led to development of innovative food packaging products and equipment to maintain taste and flavor of food.
Global Food Packaging Equipment Market: Dynamics
The global food packaging equipment market is expected to expand on the backdrop of growing food processing industries across the globe. Variety of food products are now available in the market which required different packaging. It propels the demand for the specific kind of equipment.
This factor might rise the global food packaging equipment market growth over the forecast period. In food processing industry, equipment are required for case handling, cartoning, filling & dosing, labelling, coding, palletizing and various other tasks. This is expected to rise the global food packaging equipment market over the next decade.
Growing demand for innovative, attractive, and convenient to carry packaging among consumers and competition among manufacturers to provide efficient packaging to customers are factors that propel the market growth. Rise in purchasing power, and growing online market is expected to rise the global food packaging equipment market over the next decade.
One of the latest trends in the food packaging equipment market is the growing demand for smart packaging solutions. Rise in living standards and busy lifestyle fuels the growth of food packaging equipment market. Demand for ready to go meals among people also expected to rise the market growth. The stringent food safety regulations, also drive the global food packaging equipment market over the forecast period.
Global Food Packaging Equipment Market: Geographical Outlook
Based on regions, the global food packaging equipment market is divided into seven regions namely:
• North America
• Western Europe
• Asia-pacific except Japan
• Eastern Europe
• Latin America
• Middle-east and Africa
• Japan
APAC is expected to be the largest contributor to the global food packaging equipment market, owing to growing adoption of packaged food in the region. Also, the rise in disposable income lead to growing demand for the packaged food in the region.
North America and Western Europe are expected to witness average growth in the global food packaging equipment market due to well established food processing industries in the region. Latin America and Eastern Europe regions are also expected to witness average growth. MEA is expected to witness lucrative growth in the global market due to establishment of food processing industries in the region. Japan is expected to witness below average growth in the global market.
Global Food Packaging Equipment Market: Key Players
Few of the market players in the global food packaging equipment market are - Bosch Packaging Technology, Oystar Holding GmbH, Multivac Inc., Nichrome India Ltd, IMA Group, Ishida, Multivac, Inc., GEA Group among others.
The food packaging equipment market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for processed and packaged food products in emerging markets, advancements in technology leading to more efficient and cost-effective equipment, and the increasing focus on sustainable packaging solutions.