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The global food packaging equipment market size was valued at USD 17.43 Billion in 2019 and is projected to reach USD 23.03 Billion by 2027, exhibiting a CAGR of 3.6% during the forecast period.
In the food packaging industry, food packaging machinery is primarily used for labeling, sealing, palletizing, and combining operations. These machines are used across bakery, beverage, and meat processing industries. Companies operating in this industry are developing products using advanced technologies to enhance user experience. For instance, in April 2019, Tetra Pak announced the launch of its new connected packaging platform, which transforms milk & juice cartons into interactive information channels and full-scale carriers.
COVID-19卸扣市场机会的Hygienic Packaging Process
Amidst the uncertainty caused by COVID-19 in the world, the Food Packaging Forum (FPF) is hosting multi stakeholder debates related to the safety of food packaging using reusable materials during the pandemic. Since March 2020, there have been several discussions within the food packaging organizations for the safety of food packaging and its role in transmitting the virus. Industrial associations are focusing on the principles of environmental sanitization, established food hygiene practices, and personal hygiene to minimize the threats confronting the food packaging and supply processes. Food packaging equipment production rate and the sales have gradually declined due to the shutting down of business operations and upcoming food safety regulations led by several governments worldwide. Members of the FPF have called the delay in pending regulation allied to food packaging, wherein the non-government organizations have called off their investments. These initiatives are implemented to primarily focus over the reuse food packaging material and zero-waste society.
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Adoption of Government Regulations for Safe and Hygienic Packaging Process to Uplift the Market
The food industry abides by the stringent government rules to maintain a safe and hygienic atmosphere in the food packaging process. Furthermore, governments across different countries are implementing various laws & regulations about food equipment hygiene due to the rising concerns about food-borne diseases. For instance, in 2011, the Food and Drug Administration (FDA) enacted the Food Safety Modernization Act (FSMA), which allows the FDA to recall, suspend production, and audit foodservice providers. Similarly, the ‘food contact materials’ safety concept was introduced by the European Union (EU), which states that any materials that come in contact with food such as packaging & processing machines, cutlery, and dishes must ensure basic requirements established by the EU government. This will encourage food manufacturing companies to design and install food equipment keeping food hygiene in mind.
Incorporation of Automated Technologies and Machinery Flexibility to Drive the Market
The rapidly developing food & beverage industry across the globe is expected to drive the food packaging technology and equipment market growth. These machines are majorly used for packaging and labeling purposes in the food & beverage industry. Modern technologies in the food packaging machinery includeInternet of Things (IoT)and Big Data that are generating lucrative growth opportunities. IoT aids to achieve the highest level of food safety by allowing food manufacturing companies to track food from the facility to store. The introduction ofIndustry 4.0and the rising number of smart factories will help to increase the demand for food packaging machineries.
智能包装我s increasingly being implemented in factories, enabling companies to embed sensors for tracking environmental conditions throughout the supply chain in order to ensure maximum food quality & safety. Moreover, the advancements in interactive packaging will also aid to enhance food protection, and hence spur the market growth for Food Packaging Equipment.
Improper Disposing of Packaging Material Adversely Affects the Environment & May Hinder Growth
Packaging materials such asplasticfoils and wrappers, metal, cardboard, etc. are heavy compound materials that cannot be degraded easily. This leads to soil degradation and many other environmental issues. Governments across the world are taking several initiatives to resolve packaging waste and recycling issues. For instance, the EU has introduced the Packaging and Packaging Waste Directive 94/62/EC (a.27) with the aim to minimize the environmental impact of packaging and packaging waste. The government has also restricted the use of recycled material for packaging purposes, as it may release toxic substances in food products.
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Food Filling Equipment to Grow at a Higher Rate
The filling equipment is expected to grow at a higher pace in the near future owing to the increasing need to enclose food products into desirable packaging for maintaining the food quality and accessibility.
The food labeling equipment segment is projected to witness remarkable growth owing to the requirement for providing nutrition fact label, offering detailed information about the product safety. Food case cartoning equipment is a packaging machine that is used to form cartons, including close cartons, folded cartons, or sealed cartons, etc.
The food palletizing equipment is anticipated to witness considerable growth owing to their usage for automatically stacking food products into a pallet.
Bakery and Confectionery Products to Generate Highest Revenue
The bakery andconfectioneryfood products segment holds the highest food packaging technology and equipment market share. The appropriate packaging of bakery products ensures their protection against moisture loss/gain, retain the taste, and enhance hygiene.
获得popul自动包装设备arity and witnessing high growth from the milk & dairy products industry. The demand for this equipment is rising from the beverage industry as well to perform labeling, palletizing, etc. Moreover, the growing consumption of liquor will provide ample opportunities for market development.
The rapidly developing meat & poultry industry across the globe will help earn high revenue for companies in the food packaging machinery market. Heat-shrinking packaging is majorly used to improve the overall shelf life of meat products. The other segments consist of grains, nuts, fruits, and vegetables that are likely to witness moderate growth, wherein the companies are deploying equipment for preparing required quantity of packages.
Asia Pacific Food Packaging Equipment Market Size, 2019 (USD Billion)
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Asia Pacific holds the highest market share and is expected to witness cumulative growth over the forecast timeline in this market. Rapid growth in foreign direct investments by food packaging companies to expand their product portfolio across the region is the key driver for the market. Rising household disposable income, coupled with the growing middle-class population in several countries, including China and India will provide additional support to the market, hence surging the market growth. The rapidly growing food packaging industry in India is expected to support the regional market growth. According to the National Investment Promotion & Facilitation Agency of India, the country’s processed food industry is expected to reach around USD 543.0 billion by the end of 2020, providing ample opportunities to the players operating in the market of Food Packaging Equipment.
Europe is projected to show dynamic growth in the food packaging market share. The implementation of stringent government regulations surrounding food processing & packaging safety in Europe is compelling the demand for advanced food packaging systems having hygienic design.
The increasing rate of consumer expenditure on food outside homes in North America is driving the regional food packaging technology and equipment market growth. Moreover, rising demand for ready-to-eat and convenience food in the U.S. is anticipated to propel the demand for packaged foods over the forecasted timeline.
Increasing urbanization in Latin American countries, including Brazil and Mexico, is augmenting the market size in the region. Consumers in urban areas of Latin America are shifting preference towards packaged food due to their improved lifestyle and rising income levels. The market is expected to witness growth in the Middle East and Africa region on account of increasing consumer expenditure on premium food products. Companies operating in premium food products manufacturing are using advanced packaging equipment to enhance the aesthetics of the packaged food products.
Tetra Pak International to Tend Towards Offering Cost-Effective Packaging Machinery
MULTIVAC Group, IMA Group, Krones AG, and Tetra Pak are the top players in food packaging technology and equipment market, as they offer wide range of food packaging equipment, enhancing the market growth. These players plan to offer cost-effective materials such as recyclable packages used in food packaging machineries. For instance, Tetra Pak is the first company to offer fully traceable plant-based polymer for packaging purposes in the food and beverage industry. The polymer is derived from the remains of sugarcanebioethanol, a plant-based solution, leading to the establishment of supply chain transparency.
An Infographic Representation of Food Packaging Equipment Market
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This market research report offers an elaborative analysis of numerous key factors affecting the global market. These include opportunities, growth drivers, threats, key developments, and restraints. In addition to this, it further helps in analysing, segmenting, and defining the market based on different segments such as equipment type and applications. It also provides an in-depth analysis of several strategies such as product innovations, mergers, alliances, joint ventures, and acquisitions adopted by players in the industry along with other Food Packaging Equipment market trends.
ATTRIBUTE |
DETAILS |
Study Period |
2016-2027 |
Base Year |
2019 |
Forecast Period |
2020-2027 |
Historical Period |
2016-2018 |
Unit |
Value (USD Billion) |
分割 |
By Equipment Type
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By Application
|
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By Region
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Fortune Business Insights says that the global food market value was at USD 17.43 billion in 2019.
By 2027, the food market value is expected to reach USD 23.03 billion.
Growth of 3.6% CAGR is expected to be observed in the food market forecast period (2020-2027).
Asia Pacific is anticipated to be the dominant region in the market, with a market size of USD 5.72 billion in 2019.
Within the market, filling equipment type is expected to be the leading sub-segment during the forecast period.
Incorporation of automated technologies and machinery flexibility is the key driver surging the market growth.
MULTIVAC, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Krones AG, and Tetra Pak International S.A. are the key market players.
The bakery and confectionery food products segment is expected to hold the highest market share during the forecast period.
Adoption of government regulations for safe and hygienic packaging process is the key market trend.
The major players hold approximately 40% of the market share owing to their brand image and product portfolio across the world.