Philippines Frozen Storage Market Outlook to 2025: Ken Research

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The publication titled “Philippines Frozen Storage Market Outlook to 2025-Driven by Growing Meat and Seafood Consumption and Insufficient Pallet Capacity to Tackle Food Wastage” provides a comprehensive analysis of the frozen storage market of the Philippines. The report also covers overview and genesis of the market, current industry size by revenue and pallet capacity, end-user segmentation and perspective, demand and supply-side analysis including demand-supply pallet gap, regulatory landscape, frozen storage ecosystem for Metro Manila and Metro Cebu, the cost-benefit analysis for shifting to competitor’s facility, automation, and sourcing of cold storages, growth drivers, issues and challenges of the industry, competition scenario, strengths and weaknesses of major players, market share of players and company profiles. The report also includes food wastage scenario comparable Southeast Asian nations and cross-comparison of cold chain industries of Southeast Asian countries including the Philippines. The report finally concludes with the future outlook of the market including projected market size by revenue, pallet capacity, the weighted average rental price for pallets, projected pallet rental pricing for automated facilities and future industry size by revenue for select end-users.

Philippines Frozen Storage Industry Overview and Genesis

The market has showcased a significant growth rate with the competition being moderately fragmented owing to the existence of several medium and large-sized cold storage companies such as Jentec, Glacier, Royale Cold Storage, Mets Logistics, Big Blue Logistics, and ORCA Cold Storage. The industry is witnessing a rise in the demand for frozen transport services and blast freezer services, an increase in per capita income and a growing consumer preference for fast food products. The budding e-commerce business and online grocery shopping have positively impacted the frozen storage business.

Philippines Frozen Storage Industry Size

The year 2002 witnessed the formation of the Cold Chain Association of the Philippines, commonly referred to as CCAP with over 100 logistics and construction companies as its members. Consequently, initiatives such as the Philippines National Cold Chain Program launched in 2004 by USDA Food for Progress, Philippine Nautical Highway System and introduction of the RORO system in 2015 also propelled the frozen industry of the country.

Automation in Cold Storages: The cold storage industry is experiencing a new wave of technological developments that are essential for end-users of cold storage services and for the organic growth of cold storage companies. With the growing competition in the market, the need for an efficient supply chain and cold storage services has increased manifold. The business case for automating temperature-controlled warehouses is stronger in the Philippines. Rising competition due to the growth in a number of cold storage companies and surge in demand for value-added services has made cold storage companies opt for automation services. Automation acts as an additional value-added service offered by warehouses to signal higher efficiency and accuracy, compared to manual warehouses.

Food Wastage Scenario in Philippines Frozen Storage Market: As per Ken Research Analysis, the Philippines have the highest food wastage in Southeast Asia. The increasing population in the region, especially the Philippines is anticipated to augment the demand for food and beverages requiring cold storage. The cold chain sector is projected to require increasing initiatives, including investments by both the government and private sector, in order to overcome the challenge of food wastage as the shortage of cold storage pallets is a key contributor to this wastage.

Philippines Frozen Storage Industry Future Outlook:

Philippines the frozen storage market is expected to register a positive CAGR of 10.8% over the forecast period 2019-2025. The key contributing factors for the high growth include mounting of foodservice industry owing to change in lifestyle and consumption habits, increasing infrastructure investment to improve connectivity for cold transport business, high domestic demand for fish and seafood products, rising ISO and LEED certifications of cold storages and growing meat consumption. Additionally, the growing export of fruits and vegetables from the country is projected to continue till 2035 owing to the high demand for fresh and organic produce worldwide. Moreover, the frozen market witnessing a significant increase in the number of company’s year-on-year is expected to make the market highly fragmented in the near future.

Key Segments Covered:-

Types of Products:

Meat and Seafood

Dairy Products

Vaccination and Pharmaceuticals

Fruits and Vegetables

Processed Frozen Products

Key Target Audience

Cold Storage Companies

Frozen Storage Companies

Captive Cold Storage Companies

Captive Frozen Storage Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:

Historical Period: 2019

Forecast Period: 2020F-2025F

Companies Covered:

Jentec Cold Storage

Glacier Megafridge

Mets Logistics

Royale Cold Storage

ORCA Cold Chain

Big Blue Logistics

Royal Cargo

Vifel Ice Plant & Cold Storage

Frabelle Cold Storage

Arctic Cold Storage

Polar Bear Freezing Services

Igloo Supply Chain

Koldstor Inc.

Antarctica Cold Storage

VVS Cold Storage

Crystal Cold Storage

JM Processing

Cold Chain Warehouse Specialist

San Simon Cold Storage

WCL Cold Storage

Benson Industrial Cold Storage

Estrella Cold Storage

Cebu Subzero Logistics

Aspen Cold Storage

Technofreeze

Everest Cold Storage

Iraj Corporation

Key Topics Covered in the Report:-

Philippines Frozen Market Overview and Genesis

Philippines Frozen Storage Supply Analysis

Philippines Frozen Storage Demand Analysis

Demand-Supply Gap for Frozen Storage Pallets in the Philippines

Food Wastage Scenario in Southeast Asian Nations (Thailand, Malaysia, Vietnam, Indonesia, and the Philippines)

Philippines Frozen Storage Market Segmentation

Demand Factors for Clients in Philippines Frozen Storage Market

End Customers for Philippines Frozen Market

Cross Comparison of Southeast Asian Cold Chain Market (Vietnam, Indonesia, Malaysia, Thailand, and the Philippines)

Regulatory Landscape in the Philippines Frozen Storage Market

Ecosystem for Metro Manila and Metro Cebu Frozen Storage Market

Cost-Benefit Analysis of Competitor’s Frozen Storage Facility

Automation and Sourcing of Cold Storage in Philippines Frozen Storage Market

Growth Drivers and Trends in Philippines Frozen Storage Market

Issues and Challenges in Philippines Frozen Storage Market

Competitive Landscape in Philippines Frozen Storage Market

Company Profiles in the Philippines Frozen Storage Market

Philippines Frozen Storage Market Future Outlook and Projections

For More Information on the research report, refer to below links:-

Philippines Frozen Storage Industry

Related Reports by Ken Research:-

Philippines Cold Chain Market Outlook to 2023 - By Service Mix (Cold Storage Market and Cold Transportation)

End-User Perspective in Central Luzon Cold Storage Market- Dominance of Meat and Seafood Production Albeit by Inadequate Storage Facilities and Frequent Power Outrages

Philippines Logistics and Warehousing Market Outlook to 2024 - By Freight Forwarding (Air, Sea, Land), Domestic and International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture, and Others), Express and E-commerce Logistics, Balikbayan Box, Third Party Logistics

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Effective Growth in the Worldwide 3D and 4D Technology Market Outlook: Ken Research

The 3D technology has obtained a quite a momentum in the recent past years and is being broadly utilized in the entertainment industry. Prior 3D technology was expensive and problematic to utilize and was only cramped to entertainment and gaming industry but over a duration of time 3D technology is being utilized in a broad range of applications. The establishment of the 3D TVs and smartphones have become next big trend.

In addition, the 3D & 4D Technology market has been augmented in the accordance with the advancement of entire economy, technology and emerging benefits. So, we will see a speedy growth rate of the market. But the worldwide market is all the impending market of the industry, so, corporates are laying-out their business across the globe. What more, there are some difficulties to be deciphered ahead, such as the entire supply chain, the whole eco-system, the aggressive competition, the great cost, the channel building through and so on.

According to the report analysis, ‘Global 3D & 4D Technology Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that in the worldwide 3D and 4D technology market, there are numerous key players which presently functioning more actively for leading the fastest market growth and accounting the handsome value of market share across the world during the short span of duration while increasing the applications of 3D and 4D technology, spreading the awareness related to the benefits of the 3D and 4D technology, studying and analyzing the regulations of the government and employing the young workforce includes Samsung Electronics, Sony, Dassault Systems, Google Inc, Hexagon, Dreamworks, Autodesk, Stratasys, 3D Systems Corporation, Faro Technologies, Barco NV, Cognex Corporation, Dolby Laboratories and several others.

Some of the aspects underwriting to the growth of 3D and 4D technology market across the globe are the increasing gaming and entertainment industry. The generation of 3D movies is booming the revenue of 3D technology market. However, the shortage of 3D content and great price of 3D technology is controlling back the growth of this market. For example, the 3D TVs demand brand particular accessories. You cannot watch Samsung 3D TV with the Sony 3D glasses and vice versa. The effective growth in the ease and usability of 3D technology is anticipated to boom up the market revenue.

The global market for 3D & 4D Technology is predicted to increase at a CAGR of roughly 9.5% over the next five years, will reach 168600 million USD in 2024, from 97800 million USD in 2019. The merchants are better find their own features, advance the product and service quality, the activities of a better consumer observations, and good brand communication. Succeeding the market trends, access to higher competitive advantage, regarding more on their consumer observation and services to get a wider market share. Therefore, in the near years, it is anticipated that the market of 3D and 4D technology will augment more positively over the near years more positively with the effective investment by the prevailing and existing players.

For More Information, Click on the Link Below:-

Global 3D & 4D Technology Market

Related Reports:-

Global 3D & 4D Technology Market Status and Future Forecast 2015-2024

3D 4D Technology Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

Growing insights of the market entry strategy market outlook: Ken Research

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If you have your both the eyes on a new market. You’re confident your product or services are a flawless. But to get there, you will foremost desire to advance a strategy. A market entry strategy is a foremost tool for clarifying what you focus to attain and how you are going to attain it when inflowing a new market. While an export schedule tends to aim on just a few products or services, your market entry strategy will deliver you with a roadmap for your entre business.

Former to the expansion of market entry strategy you earliest need to gauge the insights regarding the imminent technology, future product and services, demand-supply gap in the industry and budding geographies. To scrutinize opportune of doing business in an exact market you demand to understand the competition consequence in the market along with market size, market demographics, client preferences, business and economic surrounding pertaining to the market in unlike geographies.

The Ken research has regularly set a bar for the progression of best market entry strategy for emerging markets. We have cultivates our consumers to mature and plan market entry in various emerging geographies like Saudi Arabia, Philippines, Indonesia and others. Our market entry strategy research reports will not just relief in understanding growth potential and fissures in a certain market but will also monitor you through the entire progression of market entry.

The Ken Research is a worldwide market intelligence corporate offering strategic scenario to cultivate look beyond the market disruptions, study the competitive activity and increase the intelligent business strategies. Producing the product in the home region and just shipping the surplus to a new geography is the convenient approach to enter new international markets. This market entry strategy can be perfect for the brand new corporates who do not have enough funds to take the perils. It is also convenient for the firms to hire the agents or allocators who will take care of exporting and expanding the new product in the new market.

We effectively help you in not losing the sight of your aims and help you to stay on the track and ensure that your opportunities, products/services and entire business aims are aligned. We positively explore and analyze all of the rules that could affect your product and how you introduce and deliver it. In addition, for making the best market entry strategy we also understand the regional labelling demands to confirm the packaging complies with the local regulations. On the basis of our research we get the detailed competitive analysis and visits to the target market which further will help you to make the foremost decisions. Most of the businesses underestimate the degree of the competition existing in the new markets.

Not only has this, our research reports also positively comprises the innumerable existing attainment and letdown case studies which will further qualify you to understand the do’s and don’ts accompanying to the industry. All of this unruffled will facilitate you develop effective strategy to expand business workings.

For More Information on the research report, refer to below link:

https://www.kenresearch.com/market-entry-strategy.php

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best B2B Service Providers in Nigeria | Ken Research

During the present era, the Research Market Nigeria is at an augmenting stage. Whereas, with the utmost growth in the quantity of a second hand and fresh passenger and commercial vehicles in the economy, the Lubricants Market has positively augmented over the present past years. Not only has this, but the Nigeria Baby Food Industry in the region is also majorly influenced by the effective growth in the disposable income of the people, significant growth in the awareness among the parents to give healthier food to the babies, enormous augment in the internet retailing among the several other aspects. The market is probable to demonstrate positive growth and pursue to advance in the coming years.

While logistics is vigorous for the economic enactment of any economy.  Nigeria has deprived infrastructure and logistical issues along with overdue custom measures and congestion on the roads. It is an import-based region and the economy is reliant on the export of crude oil.  Nigeria was graded 145 out of 190 economies in 2018 in affluence of doing business Index and ranks 112 in the Logistics Performance Index (2018). The growth in Research Market in Nigeria has been owing to the Infrastructural developments in Railways and Airways, advancement in foreign ties with other regions and the positive growth in the e-commerce sector.

In addition, the thriving of e-commerce and the enabling of e-payment systems such as Paystack, PIN-based debit cards in Nigeria have augmented the requirement of the couriers and parcel market in the region. The positive growth in the prominence of online shopping will also underwrite towards long term growth for EDS (Express Delivery Segment) during the future. The efficient growth of the e-commerce business has led to a conjunction of B2B and B2C traffic, with parcel logistics, the merchant’s progressive assumption both to serve clients’ Omnichannel supply chains.

The infrastructural advancement, positive growth in the e-commerce segment and augmenting the special export promoting zones will influence the requirement of the logistics segment across Nigeria.

Although, Nigeria Warehousing market was appraised to augment robustly throughout the review duration. The growth was majorly due to the effective increase in international trade volumes, market entry of international players, increasing e-commerce market and building new manufacturing units and industries in Nigeria in order to create the region self-reliant. Unremitting efforts have been taken by the government along with the Chinese government for emerging free trade zone locations and industrial parks in the economy. Foremost investment by foreign corporates has influenced the entire warehousing market in the country.

Moreover, the requirement for the warehousing across Nigeria will be influenced by the effective growth in the manufacturing industries, augmenting the special export promoting zones and infrastructural advancements.

The international players working in the country had a primary share in the market share in terms of the sales volume as equal to the independent marketers. However, the Lubricants Market Future Outlook is promising owing to the crude oil prices expand, Nigeria’s region is estimated to increase at a sophisticated rate and therefore the purchasing power of the individual is also projected to augment during the near years.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth in Technological Advancement Expected to Drive Global Floor Sandwich Panel Market: Ken Research

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A floor sandwich panel is a functional panel for roof and floor coverings, whose thickness fluctuates according to the spans & design loads. It is usually very fire resistant and can vary depending on the materials used to build the panel. It has ability to protect against sound, sudden breakout of fires and extreme weather conditions. Moreover, its durability & rapid installation due to its simple design make it a sustainable choice over traditional floor panels. Floor sandwich panel is usually consisting of three layers. The innermost layer usually has low density and low stiffness while the two panels that enclose it are made from an inflexible layer using a structural adhesive applied to the whole panel to hold it together. The inner core or layer is most generally made from a metal honeycomb or Nomex, either in closed-cell and open-cell foam. The outer skins are stiff, normally made from aerospace-grade carbon or aluminum fiber.

The key advantages are included high resistance to earthquake shear forces, insulation against heat, cold, humidity & sound, impenetrability of building against insects, manufacture of lightweight walls, cost savings on the cost of building & skeleton of high-rise buildings caused by the small weight of the ceiling & wall parts of sandwich panels, and high quality building materials.

According to study, “Global Floor Sandwich Panel Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global floor sandwich panel market are CEL, BENCORE, Acustica Integral, Nav-System SPA-Divisione SILEX, AG PLASTICS, Total Vibration Solutions TVS, EuroPanels, TAVAPAN SA, SIMONIN, TOUBOIS, Stiferite, UPM.

Based on type, floor sandwich panel market is segmented into fiberglass face, aluminum face and others. Fibre-glass face is used to manufacture the coating surfaces. Whereas, the aluminum face is used to manufacture the surface materials of floor sandwich panel. Based on core material, market is segmented into Polyisocyanurate (PIR), Polyurethane (PUR), mineral wool, other core materials and Expanded Polystyrene (EPS). Based on channel, market is segmented into distributor channel and direct sales channel. In addition, based on application, market is segmented into residential, commercial, institutional, industrial, and others.

The floor sandwich panel market is driven by increase in product demand, followed by growth in technological advancement, rise in disposable incomes, increase in raw material affluence, growth in revenue since last decade due to product awareness, and stable market structure. However, fluctuations in the prices of raw materials and increase in the cost of production due to expensive application techniques may impact the market.

Based on geography, the Asian-Pacific region dominates the floor sandwich panel market owing to rise in number of government subsidies for rural buildings and increase in number of large-scale residential & industrial infrastructural projects in the region. Whereas, the European and North-American regions are projected to exhibit substantial growth rate due to growth in middle-class population & rise in disposable incomes, presence of key manufacturers and rise in consumption of packaged foods & beverages, which require temperature-controlled infrastructures over the forecast period. In upcoming years, it is expected that future of the market will be bright as a result of increase in awareness about energy-efficient buildings during the forecast period.

For More Information, click on the link below:-

Global Floor Sandwich Panel Market Research Report

Related Reports:-

Floor Sandwich Panel Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Floor Sandwich Panel Market Status and Future Forecast 2015-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

Global Bluetooth Hearing Aids Market Research Report And Forecast: Ken Research

The report covers the analysis and forecast of the global bluetooth hearing aids market as well as regional level. The study provides historic data of 2016 along with the forecast for the period between 2017 and 2025 based on revenue (USD Mn). The study provides a detailed view of the bluetooth hearing aids market, by segmenting it based on by product type, by technology, by application and regional demand. Robust industrial development in the past several years propels the growth of the bluetooth hearing aids market. Technology development & changing lifestyle weight another prime factor driving the market demand. Additionally, extensive use of bluetooth hearing aids in end-user such as healthcare industry, commercial sector, individuals and others lifestyle increased the demand of this market.

Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The segmentation also includes by product type, by technology and application in all regions. These include different business strategies adopted by the leading players and their recent developments. A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints, and opportunities is part of the report. Additionally, the report includes potential opportunities in the bluetooth hearing aids market at the global and regional levels. Market dynamics are the factors which impact the market growth, so their analysis helps understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2017 to 2025, along with offering an inclusive study of the air compressor market.

The report provides the size of the bluetooth hearing aids market in 2017 and the forecast for the next eight years up to 2025. The size of the global bluetooth hearing aids market is provided in terms of revenue. Market revenue is defined in USD Mn. The market dynamics prevalent in North America, Europe, Asia Pacific, Middle East and Africa and Latin America has been taken into account in estimating the growth of the global market.

Market estimates for this study have been based on revenue being derived through regional pricing trends. The bluetooth hearing market has been analyzed based on expected demand. Bottom-up approach is done to estimate the global revenue of the bluetooth hearing aids market, split into regions. Based on product types, end-user and applications, the individual revenues from all the regions is summed up to achieve the global revenue for bluetooth hearing. Companies were considered for the market share analysis, based on their innovation and application and revenue generation. In the absence of specific data related to the sales of bluetooth hearing several privately held companies, calculated assumptions have been made in view of the company's penetration and regional presence.

The report covers a detailed competitive outlook that includes the market share and company profiles of key players operating in the global market. Key players profiled in the report include MED-EL, William Demant Company, Sonova Group, WIDEX, Eartone and few others.

The global air compressor market has been segmented into:

Global Bluetooth Hearing Aids Market: By Product type

In-the-canal

Completely-in-canal

Receiver-in-canal

Stereo headsets

Behind-the-ear

Global Bluetooth Hearing Aids Market: By Application

Commercial

Healthcare

Individual

Global Bluetooth Hearing Aids Market: By Technology

Smart Ready

Bluetooth 5.0

Bluetooth Smart

Global Bluetooth Hearing Aids Market: By Geography

North America

U.S.

Canada

Mexico

Europe

U.K.

France

Germany

Italy

Rest of Europe

Asia Pacific

India

China

Japan

Rest of Asia Pacific

Middle East and Africa

South Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

For More Information, Click on the Link Below:-

Global Bluetooth Hearing Aids Market

Related Reports:-

Bluetooth Hearing Aids Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Bluetooth Hearing Aids Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

Research Report Subscription Services Provider | Ken Research

We all know ‘Time is Money’. Everyone knows and hears this phrase often, yet several corporate still spend countless hours searching for every separate market research report, only to find that they are not particular enough or shortage the quality of information demanded they're focused vertical. That's why finishing your market research in this manner will speedily vaporize your time and modest.

Unsurprisingly, the subscription-based market research services can be a foremost and reasonable replacement to the separate report buying, generating your job easier, more creative, and most of all more successful.

Ken Research actively functions as a stretched research team for potential consumers, delivering the services around the spectrum, exact from the relevant topics such as data management to all-encompassing topics such as financial and investment research services. We actively propose complete flexibility to the buyer to engage our resources utterly for their projects. The full time or retainer model is preferably seemly for clients in the business of financial services and consulting that have a fixed flow of research operations that they could farm out and to corporate clients that have necessities for a ready team to switch their investor relations services without adding fixed costs, as well as funding their fundraising program.

Meanwhile, the cost of a Research Report Subscription Services may frighten some corporates at the foremost glimpse, mainstream often, these services end up being the more cost-effective solution rather than attaining several reports throughout the year. When purchasing a separate report, it is convenient for the prices to add up speedily and more essentially, unpredictably. This often results incorporates surpassing their budget by the end of the year. By exchanging to a subscription service, you are circumventing the perils of extravagance by investing in a service that can much more conveniently by budgeted for at the starting of the year. Not only has this, specifically for the greater organizations in which the budgets must underwrite a prolonged approval of the procedure, but the fixed price of a subscription will also empower you to attain the approval ahead of duration and avoid the hassle of delaying separate purchases.

Additionally, Ken Research also proposes the custom capacity allocation based on clients’ specific chucks. The project-based model of Ken Research is most suitable for clients that have a one-time prerequisite for the research or business services support as well as for those who cannot project the work requirements in the speedy term but are sure of specific requests that necessitate analyst support. Such one-off projects steered for the client mostly spans from a few days to a couple of months.

The customized engagement model positively allows for scalability and has massive functioning benefits. This model is well suitable for clients that do not choose a particular type of engagement model. Ken Research swallows all dangers for project delivery and undertakes complete leadership and controller of the project on behalf of the shoppers.

We can work out other proper engagement models if necessary. Please contact us as soon as possible to discourse more related to this.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Hygiene Standard for High Quality Product Expected to Drive Global Food Packaging Technology Equipment Market: Ken Research

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.

For More Information, Click on the Link Below:-

Global Food Packaging Technology Equipment Market

Related Reports:-

Food Packaging Technology Equipment Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Food Packaging Technology Equipment Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249