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The global food processing and handling equipment market size is expected to exhibit strong growth by reaching USD 140.17 billion by 2029. Fortune Business Insights™ in its report 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, 2022-2029” observes that the market size in 2021 stood at USD 101.23 billion and is expected to touch USD 105.13 billion in 2022. The market is expected to exhibit a CAGR of 4.2% during the forecast period. Moreover, rising investments in food processing and increasing demand for hygienic convenience products may enhance the market growth.
Lan Handling Technologies Announced Simulation Tools to Boost Brand Image
Lan Handling Technologies announced its simulation tool in January 2021 to assist manufacturers in expanding their production capacity. This strategy may allow Lan Handling Technologies to enhance its industrial growth and elevate its brand image.
Increasing Food Safety Concerns Impeded Market Growth
This market was negatively affected during the COVID-19 pandemic due to increased food safety concerns. The sudden spike in COVID-19 infections hampered the equipment’s demand. Furthermore, companies invest significantly in the sanitization of machinery, thereby increasing resource consumption. Furthermore, governments impose regulations to promote hygienic practices. According to HACCP’s recent studies, the COVID-19 virus remains on surfaces for approximately 72 hours, resulting in contamination. This factor enhanced sanitization expenses. These factors negatively affected the food processing and handling equipment industry’s progress.
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Integration of High-end Automation Technologies and Robotics to Propel Market Growth
Food processing and handling equipment focus on food processing and management of equipment. The integration of high-end automation technologies and robotics will enhance the equipment's demand. Furthermore, the rising adoption of automation in industries may bolster the Internet of Things (IoT) and Artificial Intelligence (AI) adoption, thereby elevating food processing and equipment adoption. Moreover, adopting urbanization and fast-paced lifestyles may fuel hygienic convenience food products’ sales. These factors may drive the food processing and handling equipment market growth.
Major Companies Announce Innovative Products to Enhance Brand Image
The prominent companies operating in the market announce innovative products to bolster their brand image. For example, in September 2021, GEA Group AG launched Batch2Flow. This product is developed to increase the food production process’ security and lower power consumption. This launch may enable companies to offer consumers effective food processing solutions and increase their brand image globally. Further, major players in the industry devise automation, mergers, partnerships, and expansions to achieve organizational goals and bolster their market position globally.
Notable Industry Development
List of Key Players Profiled in the Report
Further Report Findings
Table of Segmentation
Value (USD billion)
By Equipment Type, Application, Region
By Equipment Type