A recent report published by Infinium Global Research on food and beverage packaging machinery market provides an in-depth analysis of segments and sub-segments in the global as well as regional food and beverage packaging machinery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food and beverage packaging machinery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food and beverage packaging machinery market. According to the report, the global food and beverage packaging machinery market is projected to grow at a CAGR of 4.15% over the forecast period of 2019-2025.
Food and beverage packaging is essential for protecting the food and beverages from spoilage, spillage, and damages. It is also necessary for preserving its quality, at the time of transportation, and expand the shelf life until it is consumed. The food and beverage packaging machinery are used in processes such as automated coding label & verification, cartooning, filling of liquids, lidding, packing, sealing, wrapping and others.
The growth of online & offline retail sectors and increasing preference of customers for processed & packaged food and beverage products are driving the need for better food and beverage packaging machinery. Several manufacturers are spending heavily on R&D activities and innovation to develop machines with better efficiency, optimal layouts, utilize fewer resources, cause less wastage of materials and useful for multiple operations. Further, changing the lifestyle of people, rapid urbanization, the need for compliance with the food safety regulation and the need for a product differentiation to remain attractive to the customers also boost the market growth. Moreover, in order to reduce wastage of F&B at the time of packaging, preserving food better with smart barriers & anti-germicidal layers, advancement in technology, the introduction of innovative machinery that saves money, time and resources are also supporting the growth of the market. Besides, the availability of a wide range of new packaging materials and increasing demand for lightweight materials based packaging are expected to increase the growth opportunity of the market during the forecast period. On the contrary, the requirement of high initial investment for machinery is limiting the growth of the market.
Among the geographies, the Asia-Pacific region dominated the growth of the Food and beverage packaging machinery market followed by North America and Europe. In the Asia Pacific region owing to the presence of a large number of manufacturers in China and the huge production of machinery drives the growth of the market in this region. Moreover, increasing population and changing lifestyles are also boosting the growth of the market in Asia Pacific region. In North America region factors such as manufacturers emphasizing on R&D activities, innovation in packaging and adoption of advanced technology are positivity driving the growth of the market in this region.
The report on global food and beverage packaging machinery market covers segments such as machinery type and application. On the basis of machinery type, the sub-markets include labelling & coding, wrapping & bundling, cartoning, and other machinery types. On the basis of application, the sub-markets include dairy products, bakery & snacks, meat, poultry, & food, fruit, nut, & vegetable, and other applications.
The report provides profiles of the companies in the market such as ARPAC LLC., Bajaj Processpack Limited, Bosch Packaging Technology, Inc., Krones AG, Multivac, Inc., Illinois Tool Works Inc., Nichrome Packaging Solutions, Triangle Package Machinery, Tetra Laval International S.A., IMA Group, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food and beverage packaging machinery market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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