Food Packaging Equipment Market Growth, Opportunities and Forecast to 2028

IMARC Group, a leading market research company, has recently releases report titled “Food Packaging Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global food packaging equipment market size, trends, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Food Packaging Equipment Market

Food packaging machinery refers to the array of tools and devices employed in the packaging process of food items. This machinery is meticulously designed to adeptly and hygienically encase a diverse range of edibles, guaranteeing their safety, enduring quality, and appealing presentation. Encompassing a broad spectrum of equipment, food packaging machinery includes filling apparatuses, sealing devices, labeling contraptions, wrapping mechanisms, and sorting systems, among others. Each of these machines is intricately engineered to handle distinct demands associated with food packaging, whether it involves bottling, pouching, canning, or cartoning. These mechanisms are outfitted with capabilities to ensure precise portioning, secure sealing, and meticulous labeling of food products. Food packaging machinery plays an indispensable role in upholding the integrity, freshness, and longevity of food items, all while amplifying the overall efficiency and productivity of food packaging processes.

How Big Is the Food Packaging Equipment Market?

The global food packaging equipment market size reached US$ 17.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028.

Global Industry Trends and Drivers:

The food packaging equipment market is influenced by an array of industry trends and driving factors. A fundamental contributor to its expansion is the escalating demand for packaged food products, propelled by the evolving preferences and lifestyles of consumers. The shift towards convenient, ready-to-consume, and portion-controlled food choices has led to an upsurge in the consumption of packaged foods. This trend subsequently generates a need for effective and dependable food packaging equipment to cater to the burgeoning packaging demands. Furthermore, the stringent regulations governing food safety and the necessity for maintaining product integrity are propelling the adoption of cutting-edge packaging equipment. Manufacturers are channeling investments into equipment that guarantees adherence to food safety standards. This includes the implementation of automated systems to ensure seal integrity, tamper-proof packaging, and traceability, all contributing to enhanced product safety. The paramount focus on sustainability is also molding the landscape of the food packaging equipment market. There is a growing emphasis on curbing packaging waste and embracing environmentally-conscious materials. This has, in turn, spurred the innovation of equipment that facilitates optimal material utilization, supports recycling initiatives, and accommodates the use of biodegradable or recyclable packaging materials.

Food Packaging Equipment Market Growth and Opportunities:

The food packaging equipment market is steadily expanding, offering substantial prospects for growth. The market’s trajectory is propelled by the escalating global demand for packaged food products. As consumer lifestyles become increasingly fast-paced, the preference for convenient foods that are either ready-to-eat or require minimal preparation is on the rise. This surge in demand underscores the necessity for sophisticated and efficient food packaging equipment capable of accommodating diverse packaging requisites. Furthermore, the growing emphasis on food safety and product quality has unlocked opportunities within the market. Regulatory frameworks and standards enforced by regulatory bodies necessitate the adoption of dependable packaging equipment. Such equipment ensures the integrity of products, extends their shelf life, and safeguards against contamination. In response, manufacturers are channeling investments into the development of innovative technologies and equipment to meet these stringent requirements. Another pivotal driving force is the prevailing trend towards sustainable packaging solutions. With mounting environmental concerns, there is a heightened demand for packaging materials that are eco-friendly and readily recyclable. This trend presents a fertile ground for the advancement of packaging equipment capable of efficiently handling such materials. This enables manufacturers to align with sustainability goals while satisfying consumer demands for environmentally-conscious packaging solutions.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Equipment:

• Bottling Line
• Cartoning
• Case Handling
• Closing
• Filling and Dosing
• Form, Fill and Seal
• Labelling, Decorating and Coding
• Palletizing
• Wrapping and Bundling
• Others

Application:

• Meat, Poultry and Seafood
• Dairy
• Bakery and Snack
• Frozen Food
• Candy and Confectionery
• Cereal and Grain
• Perishable Prepared
• Shelf Stable

Distribution Channel:

• Offline
• Online

Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

ARPAC LLC (Duravant LLC), GEA Group Aktiengesellschaft, Illinois Tool Works Inc., IMA group, ISHIDA CO.LTD, Krones AG, MULTIVAC, Omori Machinery Co. Ltd., OPTIMA packaging group GmbH and Tetra Laval International SA.