Global Food Packaging Technology & Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global food packaging technology & equipment market in its upcoming report titled, “Global Food Packaging Technology & Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global food packaging technology & equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global food packaging technology & equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global food packaging technology & equipment market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food packaging technology & equipment market report has been segmented on the basis of type, application, and region.
The packaging process is based on technology and equipment which is used for preserving products, ease the distributing method, avoid contamination, and to differentiate between brands and varieties of products. The application of food packaging is dependent on its functional properties such as protection, containment, safety, and environmental standards. Due to rising awareness about consumption of healthy food products, there are very less number of food products which were sold unwrapped. Adoption of effective and advanced packaging techniques has increased in the manufacturing of fancy and unique shaped products with standard quality.
Food packaging technologies and equipment plays a vital role owing to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and numerous applications. Technology segment for global food packaging technology & equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Based on equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.
Increased shelf life, and food quality sustainability are the two essential benefits of food packaging which points towards rising demand for food packaging technology & equipment. Continuous development in packaging designs, standards, and raw materials concerning the environment by the manufacturers is one the key factors promoting the market growth. However, high initial investment for food packaging equipment is expected to restrain growth of the global food packaging technology & equipment market to some extent.
The Asia Pacific food packaging technology & equipment market is expected to grow at a higher rate in terms of revenue owing to rising demand for processed food products in emerging countries such as China, India, Thailand, and Indonesia. In North America market, the US market is expected to hold comparatively higher market share for food processing technology & equipment due to rising awareness regarding consumption of healthy food products, increasing investment on R&D over food processing equipment, and continuous developments in technology.
Global Food Packaging Technology & Equipment Market Segmentation:
Global food packaging technology & equipment market segmentation by type:
Global food packaging technology & equipment market segmentation by application:
- Meat, poultry & seafood products
- Dairy products
- Bakery products
- Fruits & vegetables
Global food packaging technology & equipment market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Bosch Packaging Technology
- Coesia Group
- Arpac LLC
- IMA Group
- GEA Group
- Multivac, Inc.
- Oystar Holding Gmbh
- Nichrome India Ltd.
- Omori Machinery Co. Ltd.
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