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Food Packaging Equipment Market to Grow at 3.6% CAGR till 2027; Escalating Demand for Packaged Foods in Urban Areas Worldwide to Foster Long-term Market Growth

August 20, 2020 | Machinery & Equipment

The global food packaging equipment market size is projected to reach USD 23.03 billion by 2027 owing to rising number of smart food processing plants in developed nations, finds Fortune Business Insights™ in its report, titled “Food Packaging Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Filling, Bottling, Case Cartoning, Labeling and Palletizing), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages and Others) and Regional Forecast, 2020-2027”. According to the report, the value of the global market stood at USD 17.43 billion in 2019 and is expected to register a CAGR of 3.6% from 2020 to 2027.


The COVID-19 pandemic is anticipated to have a mixed impact on the food packaging equipment market growth in 2020. On one hand, fears surrounding packaged foods transmitting the infection are growing; on the other hand, food packaging companies are taking all efforts to adhere to the safety norms imposed by governments to ensure hygiene in factories to prevent the spread of the coronavirus.


Tetra Pak Joins EU’s European Alliance for Green Recovery


Amid the exponential spread of the coronavirus, Tetra Pak announced that it will be joining the European Alliance for a Green Recovery, launched by the European Parliament in April, in May 2020. The aim of the alliance is build a more sustainable economy once the COVID-19 pandemic is over, with stakeholders formulating plans related to fighting against climate change, protecting biodiversity, and building resilient food supply chains across Europe between 2021 and 2027. Tetra Pak, as a leading organization in the food packaging industry, will provide insights and advance ideas to establish sustainable food safety and security systems.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/food-packaging-equipment-market-101803


Innovative Food Packaging Equipment for Meat & Confectionery Items to Boost the Market


One of the prominent factors fueling the food packaging machinery market growth is the increasing availability of innovative packaging equipment for meat and confectionery items. Companies are using next-gen technologies to ensure efficient packaging of meat items. For example, the Italy-based packaging equipment company, minipack®-torre, utilizes vacuum packaging machines to store meats for longer periods, without them losing their nutritional properties. Similarly, US-based Combi Packaging Systems has engineered semi- and fully-automatic machines for packaging ready-to-eat meat and poultry foods. Confectionery packaging machineries are also on the rise, especially in Europe. For instance, at interpack 2020, the German packaging specialist, Theegarten-Pactec, unveiled its next-gen machine for primary packaging of small-sized confectionery foods, which will set a new benchmark of efficiency in the packaging industry. 


Key Players to Focus on Catering to Multiple Aspects of Food Packaging Process


The processes involved in the packaging of foods and beverages are multifarious in nature and entail a host of small-scale operations. Key players in the food packaging technology and equipment are in a constant quest to develop machineries that are well-optimized and automated to efficiently perform these operations. Furthermore, many of the leading companies are calibrating their equipment to process recyclable materials to bring about sustainability in the food packaging industry.


Industry Development:



  • November 2019: MULTIVAC secured exclusive rights to market the InteliJet HD family of printing solutions developed by BELL-MARK Sales Co. based in the US. Powered by the piezo technology, the printers deliver superior print quality, have a large print area, and can either be incorporated into new packaging lines or retrofitted into existing ones.


List of Key Companies Covered in this Market Report:



  • Coesia S.p.A. (Bologna, Italy)

  • Illinois Tool Works Inc. (Illinois‎, U.S)

  • Robert Bosch Packaging Technology GmbH (Waiblingen, Germany)

  • Krones AG (Neutraubling,Germany)

  • MULTIVAC (Wolfertschwenden, Germany)

  • OPTIMA Packaging Group GmbH (Schwaebisch Hall, Germany)

  • ARPAC LLC. (Illinois‎, U.S)

  • GEA Group Aktiengesellschaft (Düsseldorf, Germany)

  • Tetra Pak International S.A. (Pully, Switzerland)

  • I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)


Further Report Findings:



  • The food filling equipment segment is expected to lead the market during the forecast period as companies are focused on packaging foods attractively to boost sales. In 2019, the market share of the segment stood at 29.6%.

  • Asia Pacific is anticipated to dominate the food packaging equipment market share owing to increasing foreign investments in the region’s highly lucrative food processing sector. In 2019, the region’s market size was at USD 5.72 Billion.

  • The market in Latin America will be primarily driven by surging demand for packaged foods from the rapidly expanding urban areas.


Table of Segmentation:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Equipment Type



  • Filling

  • Bottling

  • Case Cartoning

  • Labeling

  • Palletizing



By Application



  • Bakery and Confectionery Products

  • Meat and Poultry Products

  • Dairy Products

  • Beverages

  • Others (Grains, Fruits, Nuts and Vegetables, etc.)



By Region



  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)

  • The Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Food Packaging Equipment Market
  • PDF
  • 2019
  • 2016-2018
  • 120

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