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Food Packaging Equipment is essential in the entire processed food production and distribution cycle. Food packaging equipment comprises several small equipment and components used for efficient food packaging, depending on the type of food, its shelf life, its chemical composition, and distribution. These machines can be fully automated or semi-automated depending on the manufactured food product. Packaging machines are used in various food processing industries and facilities in conjunction with the food processing equipment to prevent the food from contamination and preserve freshness. As there is a greater demand for processed food and beverages and intense competition in the processed food industry market, attractive packaging helps attain customers’ attention.

Meticulous Research®, in its latest publication on the Food packaging equipment market, states that the market will grow at a CAGR of 6.0% from 2022 to 2029 to reach $25.37 billion. By volume, this market is expected to grow at a CAGR of 8.0% from 2022 to reach 12,131.3 thousand units by 2029.

The growth of this market is backed by factors, such as the increasing integration of automated technologies and flexibility of machinery, the increasing demand for hygienic food packaging, and food manufacturers’ growing inclination towards using efficient food packaging products. The growth of the packaged food industry in emerging economies and the growing usage of packaging as a product differentiation tool provide significant growth opportunities for market players.

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To provide efficient analysis, Meticulous Research® has segmented this market based on type (form-fill-seal equipment [horizontal form-fill-seal equipment {pouch packaging, other packaging forms}, and vertical form-fill-seal equipment {pouch packaging, other packaging form}], cartoning equipment, filling & dosing equipment, wrapping & bundling equipment, case packing equipment, labeling & coding equipment, inspecting, detecting, and check weighing machines, and other equipment), by application (dairy, bakery, chocolate & confectionery, fruits & vegetables, meat, poultry & seafood, snack food [chips, extruder & puffed snacks, nuts & seeds, others], and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Based on type, the form-fill-seal equipment is expected to account for the largest share of the global food packaging equipment market in 2022. However, the case packing equipment segment is expected to grow at the highest CAGR during the forecast period. Factors such as higher production volumes in a shorter duration, improved food safety, lowered company expenses—leading to reduced labor cost, and reduced risk of potential bottlenecks and downtime are driving the growth of this segment.

Based on form-fill-seal equipment type, the vertical-form-fill seal equipment segment is expected to grow at a faster rate during the forecast period. The high growth rate of this segment is attributed to its flexibility to contain an automated assembly-line product packaging system. Vertical form-fill-seal machines are best suited for restrained floorspace and frequent packaging changeovers. They are ideal for packing produce (salad leaves), cereal (bag in box), meats, and poultry. Their simplified design constitutes an easier and faster system to clean.

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Based on application, the meat, poultry, and seafood segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to the higher usage of vacuum and MAP sealed trays in meat, poultry, and seafood product packaging for aesthetic appeal. The packaging for meat, poultry, and seafood is done in two ways, flexible or rigid packaging. The most common retail fresh meat cuts packages in western countries are polystyrene foam or clean plastic trays overwrapped with a transparent film. The use of blotter underneath eliminates the accumulation of excessive meat juices.

Based on snack food type, the extruder & puffed snacks segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to the high-fat content of snack food products and the associated problem of rancidity in some of the packages. In order to ensure a longer shelf-life, oxygen inside the package is replaced by an inert gas, such as nitrogen; thus, the packaging material must be physically strong to withstand the processes of vacuuming/gas flushing.

Based on geography, the Asia-Pacific region is expected to account for the largest share of the food packaging equipment market in 2022 and is also expected to grow at the highest CAGR during the forecast period. The high market growth in Asia-Pacific is attributed to the growing application of packaged foods and the high concentration of locally available packaging equipment manufacturers. The market is driven by the increasing demand for processed food products in emerging and developing countries, such as India, China, South Korea, and Australia.

Furthermore, this region is witnessing tremendous growth in its food & beverage industry due to increasing urbanization, growing health awareness, and rising disposable income levels. Also, understanding the changing regulatory environment and shifting consumer preferences also provides growth opportunities for market players operating in the region.

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the food packaging equipment market over the last four years (2019–2022).

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The key players profiled in the food packaging equipment market are Syntegon Technology GmbH (Germany), Coesia S.P.A (Italy), GEA Group Aktiengesellschaft (Germany), MULTIVAC Group (Germany), IMA Group (U.S.), Krones AG (Germany), Tetra Laval Group (Switzerland), OPTIMA Packaging Group GmbH (Germany), ARPAC LLC (U.S.), Ishida Co. Ltd (Japan), Omori Machinery Co. Ltd. (Japan), and TNA Solutions Pty Ltd. (Australia).

Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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