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2022
Food Packaging Equipment Market

Food Packaging Equipment Market

by Equipment (Bottling Line; Cartoning; Case Handling; Closing; Filling & Dosing; Form, Fill & Seal; Labelling, Decorating & Coding; Palletizing; Wrapping & Bundling; and Others), Application (Meat, Poultry & Seafood, Dairy, Bakery & Snack, Frozen, Candy & Confectionery, Cereal & Grain, Perishable Prepared, and Shelf Stable), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2022-2031

✷  Report Code: A02017
Pages: 170
Feb 2022 | 14848 Views
Author(s) : Ganesh R , Roshan D
Tables: 137
Charts: 68
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COVID-19

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The global food packaging equipment market size was valued at $16,901.0 million in 2020, and is projected to reach $33,148.2 million by 2031, registering a CAGR of 6.3% from 2022 to 2031. Form, fill & seal segment is expected to be the fastest growing segment during the forecast period, growing at 8.5% CAGR.

In the food industry, a large amount of food packaging equipment market is held by various automatic devices. Filling, bagging, sealing, wrapping, bundling, cartoning, over-capping, lidding, labeling, decorating, coding, conveying, and palletizing are some of the operations performed by these machines. Technology advancement has resulted in the development of unique food packaging equipment to preserve the efficacy, flavor, and taste of food goods. Increased awareness of nutritious and hygienic food products, as well as the expectation that they are safe from the point of packaging till they arrive, is predicted to fuel market expansion. The market is predicted to grow due to an increase in demand for attractive, inventive, and easy-to-carry packaging for differentiating the product from the competition. Furthermore, rise in spending power, surge in the quantity of online grocery orders, and a large consumer base of "on-the-go" consumers fuel the demand for food packaging equipment market, which is likely to boost the industry.

Food-Packaging-Equipment-Market

Convenient packaging features such as easy opening, portability, resalable, micro-perforation, lightweight, and easy handling have become increasingly popular, which drive demand for food packaging technology and equipment for a wide range of products such as snacks, meat &poultry products, candy bars, chocolates, sauces, processed fruits &vegetables, and dairy products. This has spurred food packaging equipment market technology and equipment producers to invest in R&D and create innovations to meet the rise in demand for convenient food packaging equipment market. They also highlight the development of simple techniques for food packaging for ease of use.

Packaging trash is harmful to the environment since it takes decades to degrade. Several governments are tackling this issue by implementing tight restrictions that the food packaging sector must follow. For example, governments in Europe employ a variety of measures to address packaging waste and recycling difficulties. The Packaging and Packaging Waste Directive 94/62/ EC (a.27), for example, was implemented in the European Union with the goal of reducing or minimizing the environmental impact of packaging and packaging wastes. This limits the use of recycled materials for food packaging since they may leach harmful compounds into food products. Furthermore, emerging countries are following their lead by enforcing rigorous food packaging restrictions and supporting sustainable or biodegradable packaging options.This has an impact on overall food packaging equipment market revenues as profits fall, acting as a brake on the growth of the food packaging technology & equipment industry.

Food packaging equipment industry has played an important role as a differentiator in brand promotion, particularly for packaged food products. With rise in urbanization and surge in number of supermarkets and hypermarkets, food manufacturers have realized the need of differentiating their products through the visual appeal of their packaging. Furthermore, people have become more concerned about the components and contents of the box. This presents an opportunity for food packaging technology and equipment manufacturers, as food manufacturers must differentiate their products by conveying the benefits of packaging technology to consumers on labels and packets, such as shelf life, time required to prepare the food, and nutritional contents.

With increased ease of access to food packaging materials and production techniques, a considerable number of illicit packaging producers who offer counterfeit products have appeared in the field. The rise of counterfeit food packaging has a negative impact on the growth of the food packaging technology and equipment market. Companies suffer income losses as a result of counterfeit items, and their brand image suffers as a result. As a result, counterfeit packaging has a negative impact on the packaging sector.

Food Packaging Equipment Market
By Equipment Type

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Form, Fill & Seal was the fastest growing market.

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Segment review

The food packaging equipment market is segmented on the basis of equipment, application, and region. By equipment, it is divided into bottling line; cartoning; case handling; closing; filling & dosing; form, fill & seal; labeling, decorating & coding; palletizing; wrapping & bundling; and others. On the basis of application, the market is classified into meat, poultry & seafood, dairy, bakery & snack, frozen, candy &confectionery, cereal & grain, perishable prepared, and shelf stable. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of equipment type, the market is divided into bottling line; cartoning; case handling; closing; filling & dosing; form, fill & seal; labelling, decorating & coding; palletizing; wrapping & bundling; and others.Form, fill & seal segment is anticipated t be the fastest growing during the forecast period. This packaging equipment provides high packing speed and consistency. Moreover, it is economical as hand-made bags are less expensive than pre-made bags. It increases production rate, allowing the employee to cut the amount of shifts. 

Food Packaging Equipment Market
By Application

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The Meat, Poultry & Seafood segment was the fastest growing segment

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On the basis of application, the market is divided into meat, poultry & seafood, dairy, bakery & snack, frozen, candy & confectionery, cereal & grain, perishable prepared, and shelf stable. Meat, poultry, and seafood processing equipment held the greatest percentage of the entire food processing equipment market in 2020. This segment's substantial share is mostly due to rise in demand for processed meat products, surge in urbanization & disposable income, and customer preferences for protein-rich food products & convenience foods.

On the basis of distribution channels, market is bifurcated into offline and online. Physical routes to market continue to be the most popular channel for purchasing food packaging equipment. Physical or offline purchases provide buyers a better chance to see and feel what the item genuinely looks like. Moreover, equipment trials are supplied by the makers to get better understanding of the food packaging equipment trends in the global market.

Food Packaging Equipment Market
By Distribution Channel

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The online channels segment was the fastest growing segment.

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The market analysis focuses on the food packaging equipment market growth prospects, restraints, and opportunities of the global market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the food packaging equipment market share.

The key players that operate in the global food packaging equipment market are Arpac LLC, Bosch Packaging Technology, Coesia Group, GEA Group, IMA Group, Ishida, Multivac, Inc., Nichrome India Ltd., Omori Machinery Co. Ltd., and Oystar Holding GmbH.

Food Packaging Equipment Market
By Region

2031
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific was the most prominent regional segment.

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COVID-19 Impact Analysis

  • As the coronavirus pandemic spreads and its humanitarian impact grows, sectors that help meet basic necessities, such as providing food and supplies to consumers securely, are being increasingly impacted. With food packaging being the greatest sector of activity in the packaging business, the industry is on the front lines.
  • The coronavirus pandemic resulted in some of the greatest drops in demand for certain types of packaging in recent history, while speeding growth for others, such as packaging for e-commerce shipments has emerged as a lifeline in this new world.
  • However, with ease in lockdown restrictions and improved logistics considering the preventive measures for COVID-19, the food packaging equipment industry is expected to grow that is anticipated toincrease the sales of food packaging equipment during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging food packaging equipment trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing food packaging equipment market opportunities in the market.
  • The food packaging equipment forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The food packaging equipment analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The food packaging equipment provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Food Packaging Equipment Market Report Highlights

Aspects Details
By Equipment
  • Bottling Line
  • Cartoning
  • Case Handling
  • Closing
  • Filling & Dosing
  • Form, Fill & Seal
  • Labelling, Decorating, & Coding
  • Palletizing
  • Wrapping & Bundling
  • Others
By Application
  • Meat, Poultry & Seafood
  • Dairy
  • Bakery & Snack
  • Frozen Food
  • Candy & Confectionery
  • Cereal & Grain
  • Perishable Prepared
  • Shelf Stable
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Central & South America
    • Middle East
    • Africa
 

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Food is packaged in bottles, boxes, bags, pouches, trays, and cans to keep it fresh and easy to use. The food sector contains the most packaging equipment, which are used to accomplish many duties such as filling, bagging, sealing, wrapping, bundling, cartoning, over-capping, lidding, labeling, decorating, coding, conveying, palletizing, and depalletizing.

The maximum revenue is generated by labeling, decorating, and coding equipment, owing to the increased need for product differentiation by branding, decorating, providing information, and tracking. As a result, the demand for labeling, decorating, and coding equipment is fueled by product identification and brand protection. The variety of form, fill, and seal (FFS) machines enable packaging in a wide range of materials in a variety of sizes and forms. FFS equipment's main advantages are its high speed and versatility, and it is expected to grow at the fastest rate between 2021 and 2031.

Hygienic packaging for food products, increased purchasing power, and surge in preference for online grocery shopping encourage the packaging industry to develop new packaging equipment and food safety solutions. Furthermore, rise in the packaged food business in emerging economies such as China, India, Indonesia, and Brazil is expected to boost market growth.

 

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FREQUENTLY ASKED QUESTIONS?

A. The global Food Packaging Equipment market was valued at $16,901.0 million in 2020, and is projected to reach $33,148.2 million by 2031.

A. The global food intolerance products market registered a CAGR of 6.3%.

A. Raise the query and paste the link of the specific report and our sales executive will revert you back with the sample.

A. The base year is 2020 in the Food Packaging Equipment market.

A. The key players operating in the global food packaging equipment market are Arpac LLC, Bosch Packaging Technology, Coesia Group, GEA Group, IMA Group, Ishida, Multivac, Inc., Nichrome India Ltd., Omori Machinery Co. Ltd., and Oystar Holding GmbH.

A. The Food Packaging Equipment Market report has 3 segments. The segments are by equipment, by application and distribution channel.

A. Key trends such as indulgence, convenience, biodegradable packaging, and smart food packaging technology have expanded the food packaging equipment market globally.

A. Asia-Pacific will dominate the food packaging equipment market by the end of 2031.

A. The coronavirus pandemic resulted in some of the greatest drops in demand for certain types of packaging in recent history, while speeding growth for others, such as packaging for e-commerce shipments has emerged as a lifeline in this new world.

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