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Food Processing and Handling Equipment Market to Reach $133.39 Bn by 2027; Increasing Integration of Concepts such as AI and IoT have Enabled a Wider Application Scope

October 08, 2020 | Machinery & Equipment

The global food processing and handling equipment market size is projected to reach USD 133.39 billion by the end of 2027. The presence of several large scale manufacturers will have a positive impact on market growth. According to a report published by Fortune Business Insights, titled “Food Processing and Handling Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2020-2027”, the market was worth USD 96.29 billion and will exhibit a CAGR of 4.1% during the forecast period, 2020-2027.


Food processing and handling equipment are an integral part of all major phases in the food processing sector. These equipment are used to streamline all phases in the food processing sector including packaging, storing, and transporting. The massive investments in the integration of advanced concepts such as AI and IoT will have a positive impact on market growth, given that these concepts enable ease of use and further simplify the overall process. The increasing concerns regarding safety and reliability in food processing and handling procedures and the ability of these equipment to enhance the overall safety and improve reliability will lead to a wider product adoption. The rise of the food and beverage industry has created a healthy market competition across the world.


Middleby Corporation’s Acquisition Deutsche Beverage Technology of will have a Massive Global Impact


The report highlights a few of the major industry developments of recent times and discusses their impact on the growth of the overall market. Accounting to the massive potential held by food processing and handling equipment, large scale companies are looking to integrate advanced technologies, with the aim of establishing a strong brand image across the globe. With most companies looking to expand their businesses across the globe, it is observed that company mergers and acquisitions are an increasing trend among major companies across the globe. Middleby Corporation’s recent acquisition of Deutsche Beverage Technology is a perfect example of a major company M&A of recent times. Increasing number of such acquisitions will have a massive impact on the growth of the overall food processing and handling equipment market in the coming years.


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


https://www.fortunebusinessinsights.com/industry-reports/food-processing-and-handling-equipment-market-101701


Increasing Awareness Regarding Food Safety will Emerge in Favor of Market Growth


The growing awareness regarding food safety and proper handling in manufacturing units will create several growth opportunities for the companies in this sector. The rising demand for packaged foods is another factor that has been influential to the growth of the overall market in recent years. Moreover, the rising investments in integration of tools that will ensure food safety and hygiene will bode well for the growth of the overall market in the coming years.


Buhler AG, GEA, Alfa Laval, and JBT Corporation are Among the Leading Companies in the Global Market


The presence of several large scale companies in the food processing and handling equipment sector is consequential to the rise of the global food and beverage sector in the past two decades. Company mergers are an increasing trend among major companies; a factor that is a result of the healthy market competition. Among all companies, Buhler AG, GEA, Alfa Laval, and JBT Corporation currently hold the highest market share.


List of companies profiled in the report:



  • Buhler Ag (Uzwil, Switzerlnd)

  • JBT (Chicago, Illinois)

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

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

  • The Middleby Corporation (Elgin, Illinois)

  • Welbilt (New Port Richey, Florida)

  • Krones AG (Neutraubling, Germany)

  • GEA Group Aktiengesellschaft (Düsseldorf, Germany)

  • ALFA LAVAL (Sweden)

  • Dover Corporation (Downers Grove, Illinois)


 Industry Developments:



  • August 2019: GEA announced the launch of its new high-speed vertical packaging machine, GEA SmartPacker TwinTube that is integrated with advance smart web tracking, allowing companies to optimize the packaging processes


The global market is segmented on the basis of:








































 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



  • Processing Equipment

  • Packaging Equipment

  • Service Equipment



By Application



  • Bakery and Confectionery Products

  • Meat and Poultry Products

  • Dairy Products

  • Beverages

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



By Region



  • North America (U.S. and Canada)

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

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

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

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


Food Processing and Handling Equipment Market
  • PDF
  • 2019
  • 2016-2018
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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