According to the current analysis of Reports and Data, the global Food Packaging Technology and Equipment market was valued at USD 46.76 Billion in 2020 and is expected to reach USD 76.56 Billion by the year 2028, at a CAGR of 6.3%. There’s a growing demand for food packaging technology in the marketplace for packaging machinery. Companies are increasing research to initiate versatility in these novel filling dosing machines. Technological innovations are likely to spice up market growth. However, challenges of floor space and the accuracy of devices act as a barrier for packaging companies, especially within the pharmaceutical landscape.
In this report, the global packaging industry is segmented on the basis of product type, application, technology, and region. The authors have also implemented many primary and secondary research methodologies to derive vital data information about the key regional markets of the global packaging industry including North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. The report offers key insights into the factors positively influencing the revenue growth of each regional market and provides information about the most lucrative investment opportunities for all stakeholders, investors, and clients in these markets. Furthermore, the report elucidates the intensely competitive scenario of the Food Packaging Technology and Equipment industry and highlights the key strategic developments taking place in the industry, such as mergers acquisitions, joint ventures, corporate deals, and partnerships collaborations.
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Key Players:
Some of the key market players are Robert Bosch(Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), ARPAC (US), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), and Lindquist Machine Corporation (US).
Further key findings from the report suggest:
- Food packaging is an important source of competitive advantage for retailers and product manufacturers
- Packaging technology can be of strategic importance to a company, as it can be a key to competitive advantage in the food industry
- This may be achieved by catering to the needs and wants of the end user, opening up new distribution channels, providing a better quality of presentation, enabling lower costs, increasing margins, enhancing product/brand differentiation, and improving the logistics service to customers
- The business drive to reduce costs in the supply chain must be carefully balanced against the fundamental technical requirements for food safety and product integrity
- The role of the market and the supply chain has increasing significance in the area of packaging innovation and design
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Market Segmentation:
Segments covered in the report:
This report forecasts revenue growth at a global, regional country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2028. For the purpose of this study, Reports and Data have segmented Food packaging Technology and Equipment market on the type, material and region:
On the basis of type, the food packaging technology market has been segmented as follows:
- Controlled
- Active
- Intelligent
- Aseptic
- Biodegradable
- Others (edible and nano-enabled technology)
On the basis of material, the food packaging technology market has been segmented as follows:
- Metal
- Glass wood
- Paper paperboard
- Plastics
- Others (polysaccharides, proteins, and lipids)
On the basis of application, the food packaging technology market has been segmented as follows:
- Dairy dairy products
- Bakery products
- Confectionery products
- Poultry, seafood, and meat products
- Convenience foods
- Fruits vegetables
- Others (sauces dressings and condiments)
Regional analysis covers study of the market in key geographical regions of the world including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report further predicts the regions expected to account for the largest revenue share in the forecast period and the CAGR for the forecast period. The section further discusses in detail the production and consumption ratio, supply and demand, export and import, consumer demand and behavior, and presence of key players in each region. The section further offers a country-wise analysis to provide deeper insights into the global market.
Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
- Rest of Latin America
Key Points Addressed in the Report:
- A detailed analysis of the global Food Packaging Technology and Equipment market through assessment of key market aspects such as technology, product type, application, end-use, and overall industry dynamics.
- Qualitative and quantitative analysis of the market estimation from 2020 to 2028 and CAGR calculation for the forecast period.
- All-inclusive assessment of market dynamics with emphasis on drivers, restraints, opportunities, and limitations.
- Extensive profiling of key companies operating in the market including company overview, financial standing, product offerings, product portfolio, recent product and technological advancement, and business expansion plans.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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