San Francisco, 24 January, Food
Packaging Equipment Market Size, Share & Trends Analysis Report by Equipment
(Form-fill-seal, Filling & Dosing, Cartoning), By Application (Dairy,
Bakery, Convenience Food), And Segment Forecasts, 2018 – 2025.
The global food packaging equipments market size
is estimated to surpass USD 60.40 Billion by 2025. It is anticipated to expand
at a CAGR 4.87% over the forecast period. Growing demand for convenient,
packaged, processed, and ready-to-eat food products is favoring the packaging
industry, especially in emerging regions like Asia Pacific. This factor is
anticipated to bode well for market growth in the forthcoming years.
Increasing awareness among
consumers regarding packaging, hygiene, and nutritional value of food coupled
with rise in demand for dairy, bakery, confectionery, meat, poultry, seafood,
and allied products is anticipated to trigger the market growth. In addition,
rising investments for developing efficient manufacturing units for packaging
equipment is predicted to encourage growth of the food packaging equipment
market over the forecast timeframe. Government regulations regarding
manufacturing materials and processes along with secure work environment and
product standardization is expected to further drive the growth.
The filling and dosing
equipment segment is expected to register significant CAGR over the forecast
period. Product standardization, quality, and value-added engineering in
manufacturing processes offer competitive advantage to the manufacturers in the
market. The shift in dietary habits, westernization in lifestyle and food
consumption supported by inclination of consumers towards ready-to-eat and
packaged food is projected to augment the demand for packaging equipment
favoring food packaging equipments market.
Russia is expected to attain
USD 5.40 Billion by 2025. Increasing industrial automation, purchasing parity
power and shifts in the dietary habits are some of the reasons that are
expected to propel the market growth. India was valued at USD 3.01 Billion in
2017. Bakery and confectionary and convenience food application is forecasted
to have significant market share in 2017. The growth of Indian market for food
packaging equipment is driven by rapid infrastructural development, change in
lifestyle, health consciousness, healthy food habits, and other macroeconomic
factors.
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Report On Food Packaging Equipment Market Analysis:
Further key findings from the report suggest:
·
Filling and dosing equipment is
expected to lead the equipment segment with a CAGR of 4.99% over the forecast
period, owing to ongoing research in packaging automation, adoption of Industry
4.0, and technological advancements
·
Dairy product is expected to
emerge dominant application segment and expand at a CAGR of 4.99% over the
forecast period
·
Canada Food Packaging Equipment
market is expected to expand at a CAGR of 5.72% over the forecast period, owing
to favorable market opportunities, industrialization, and supportive government
policies
·
Key market players are Bosch
Packaging Technology GmbH, GEA Group Aktiengesellschaft, Coesia S.p.A.,
MULTIVAC Group, and ARPAC LLC among others.
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Grand View Research has segmented the
global food packaging equipments market based on equipment, application, and
region:
Food Packaging Equipments
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Form-fill-seal
·
Filling & Dosing
·
Cartoning
·
Case Packing
·
Wrapping & Bundling
·
Others
Food Packaging Equipments
Application Outlook (Revenue, USD Billion, 2014 - 2025)
·
Bakery & Confectionary
·
Dairy Products
·
Fruits, Nuts & Vegetables
·
Meat, Poultry & Seafood
·
Convenience Food
·
Others
Food Packaging Equipments
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Russia
o
Norway
o
U.K.
·
Asia Pacific
o
China
o
India
o
Australia
·
Central & South America
o
Venezuela
o
Brazil
o
Argentina
·
The Middle East and Africa
o
Saudi Arabia
o
UAE
o
Egypt
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-food-packaging-equipment-market
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