A recent report published by Infinium Global Research on the food packaging technology and equipment market provides depth analysis of segments and sub-segments in the global as well as regional food packaging technology and equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food packaging technology and equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global food packaging technology and equipment market. According to the report, the global food packaging technology and equipment market are projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
The continuous growing competition in the food products market is forcing the food product processors to differentiate their product offerings through packaging and its attractiveness. Further, the growing importance of the packaging as tetra packaging, to preserve the food products for the long term as compared to the normal packaging, is motivating them to switch from the conventional packaging to modern packaging of their products to avoid spoilage of the food products. Additionally, the growing focus among the processors to adopt the automation process for food processing is boosting the demand for the new food packaging technology and equipment.
The continuous growing demand for the different types of food products, and intensive products launch by the different companies to capture the untapped market is helping to boost the demand for the different types of food packaging technology and equipment around the world. Further, ongoing technological innovation to automate the production system, as well as the packaging system, is helping to grow the demand for the different types of innovative food packaging technology and equipment in the food processing industry. However, the cost factor for the installation of the new food packaging technology and equipment is restricting the growth of the market.
Geographically, food packaging technology and equipment market are segmented into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest market in the food packaging and equipment market, owing to the presence of a large number of food processing companies in this region. The food processing companies in the North America region, are constantly trying to automate their production and packaging system to reduce the cost of processing and packaging. Europe is the second-largest market of the food packaging technology and equipment, after North America. The Asia-Pacific is the largest market of the food processing technology and equipment, owing to the growing demand for the different types of food processing technology and equipment to support the ongoing growth trend of the food processing industry in this region.
The report on the global food packaging technology and equipment market covers segments such as type, material, and application. On the basis of type, the sub-markets include controlled packaging, active packaging, aseptic packaging, intelligent packaging, biodegradable packaging, and other types. On the basis of material, the sub-markets include metal, glass and wood, paper and paperboard, plastics, and other materials. On the basis of application, the sub-markets include convenience foods, poultry, seafood, and meat products, bakery products, confectionery products, dairy and dairy products, fruits and vegetables, and other applications.
The report provides profiles of the companies in the market such as Kaufman Engineered Systems, Adelphi Healthcare Packaging, NICHROME INDIA LTD, Omori Machinery Co., Ltd., Multivac Sepp Haggenmüller, ARPAC LLC, Ishida Co., Ltd., Coesia S.p.A., I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A, and GEA Group AG.
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 packaging technology and equipment 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.