Food Packaging Technology & Equipment Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Food Packaging Technology & Equipment Market is accounted for $36.23 billion in 2017 and is expected to reach $72.45 billion by 2026 growing at a CAGR of 8.0% from 2017 to 2026.

Shift towards convenient food packaging, increase in demand from developing countries, increase in demand for fresh and high-quality food products and rise in income of average earning class & spending capability are some of the factors fueling the market growth. However, factors such as high cost of food processing equipment, lack of standardization and lack of appropriate hygienic design are restricting the market growth.

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Food processing equipment helps to transform the raw food ingredients in to food items through various physical and chemical means. These foods processing equipments are used in different industries including poultry farm, industrial bakery, dairy industry, seafood industry, chocolate manufacturing unit, confectionery, beverage industry, milk, fruit, nut, and vegetable industry. Food processing equipment are existing in a variety of categories which includes dryers, chillers, fryers, feeders, mixers, grinders, roasters, homogenizers, separators, slicers and ovens. Stainless steel is one of the main elements, which is widely used in the food processing equipment. 304SS and 316SS are two most common types of alloys of stainless steel, which are used in food processing equipment.

Amongst Application, Poultry, Seafood, and Meat Products segment accounted for significant market share during the forecast period due to rise in the demand for easy-to-cook meat. Moreover, increasing demand for meat products in various countries in Asia Pacific is also driving the growth of poultry processing equipment. By geography, Asia Pacific dominated the market due to the rising household incomes and the growing middle-class population have led to an increase in demand for packaged food products, which are increasing the demand for packaging technologies and equipment in this region.

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Some of the key players in Food Packaging Technology market include Robert Bosch, Arpac, IMA Group, GEA Group, Omori Machinery, Coesia Group, Lindquist Machine Corporation, Ishida, Kaufman Engineered Systems, Multivac, Nichrome India, Adelphi Packaging, ALFA LAVAL, Krones AG and SPX Corporation.

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Materials Covered:
• Paper & Paperboard
• Plastics
• Glass & Wood
• Metal
• Other Materials
Types Covered:
• Biodegradable Packaging
• Aseptic Packaging
• Intelligent Packaging
• Active Packaging
• Controlled Packaging
• Other Types

Equipments Covered:
• Case Packing
• Inspecting, Detecting, and Check Weighing Machines
• Labeling & Coding
• Wrapping & Bundling
• Form-Fill-Seal
• Cartoning
• Filling & Dosing
• Other Equipments

Applications Covered:
• Dairy & Dairy Products
• Bakery Products
• Poultry, Seafood, and Meat Products
• Convenience Foods
• Fruits & Vegetables
• Confectionery Products
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Contact Info:
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Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

Release ID: 397427