Food packaging is a packaging, used for
packaging processed & semi-processed food products. It protects the food
from contamination, damage, pest attacks, storage, tampering during transport,
and retail sale. Food packaging equipment is an important part of global food
industry. Packaging of food is essential in order to deliver them to consumers
in a proper way. Food packaging equipment carry out multiple functions for
instance sealing, wrapping, coding and filling in food packaging industry. Food
packaging technologies and equipment include several technologies for
packaging, packaging equipment, and numerous application. It helps to enhance
the shelf life, quality sustainability of the food and much more.
According to study, “Global
Food Packaging Technology Equipment Market Status (2015-2019) and
Forecast (2020-2024) by Region, Product Type & End-Use” the key companies
operating in the global food packaging technology equipment market are
Multivac, Inc., Bosch Packaging Technology, Coesia Group, Ishida, Omori
Machinery Co. Ltd., GEA Group, Oystar Holding GmbH, IMA Group, Nichrome India
Ltd., ARPAC LLC. The key manufacturers occupy a substantial share of the global
market and are expected to shift their interest to developing areas resulting
into potential infrastructural & industrial development in regions like
Asia Pacific etc. Companies also invest substantially in increasing their
research & development (R&D) capabilities to get market insights that
can be instructed in the business strategies offering competitive benefit over
others.
Based on technology type, food packaging
technology equipment market is segmented into intelligent technology,
controlled technology, active technology, aseptic technology, and biodegradable
technology and others (edible and nano-enabled technology). The biodegradable
packaging technology is anticipated to grow rapidly as an extensive use of
plastic as a packaging material has led to enhanced environmental concerns as
it is not easily decomposable. Based on food packaging material, market is
segmented into paper & paperboard, metal, glass & wood, plastics and
other materials (proteins, polysaccharides, and lipids). Plastic packaging
segment is estimated to witness higher growth rate due to its versatility, low
cost, easy availability and availability of such properties for instance
safety, hygiene, durability, and light weight during the forecast period. Based
on equipment, market is segmented into cartooning, bottling line, case
handling, wrapping & bundling, filling & dosing, closing, form, fill
& seal, decorating & coding, labelling, palletizing, and others
(cleaning, palletizing, and capping & sealing machines). In addition, based
on application, market is segmented into dairy, meat, poultry & seafood,
bakery & snack, candy & confectionery, frozen, perishable prepared,
cereal & grain, and shelf stable and others (sauces & dressings and
condiments).
The food packaging technology equipment market
is driven by increase in hygiene standard for high quality product, followed by
rise in shift toward convenient food packaging, increase in demand for fresh
& high-quality food products, growth in packaging as a tool for product
differentiation and rise in preferences of consumer for packaged protein rich
meat, poultry, and seafood. However, stringent legislations for food safety and
high cost of development & installation of equipment in developing
countries may impact the market. Moreover, emergence of packaging as a tool for
product differentiation and growth in demand from developing countries are key
opportunities for market.
Based on geography, the Asian-Pacific is a
leading region in global food packaging technology equipment market owing to
growth in demand for processed food products in developing countries, rise in
infrastructural development, and increase in disposable income in the regions.
The North-American and European regions are In North America, the U.S. is
anticipated to be the largest market for food processing equipment anticipated
to exhibit considerable growth rate due to rise in awareness regarding new food
products and growth in economy over the forecast period. In upcoming years, it
is projected that the market will be reached at rapid pace as a result of rise
in preference of online shopping of grocery and growth in economic stability
during the forecast period.
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