Food Packaging Machinery Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Food Packaging Machinery Market: By Machinery Type (Horizontal Form, Fill, and Seal Equipment, Vertical Form, Fill, and Seal Equipment, Thermoforming Equipment, Modified Atmosphere Packaging Equipment, Automated Loading Equipment), By Technology (Manual, Semi-Automatic, Automatic), and Geography

 

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Report

Description

The food packaging machinery market is estimated to be valued at USD 17,792.5 million in 2021 and is poised to grow at a CAGR of 6.1% over 2022-2028. Food Packaging machinery is a term that describes equipment that is used to pack various items and components. It is important for enabling the packaging of small sachets into large cartons, as well as providing temperature resistance and assuring product safety. Based on the machinery type, the vertical form, fill, and seal equipment accounts to have a larger share in the forecasting period due to this equipment being extensively used in the wide range of food products packaging including snack foods, wafers, candies, and others. Moreover, companies in the market such as Krones AG, Robert Bosh Packaging technology GmbH, and Coesia S.P.A are focusing on the development of smart and new innovative machinery. Increasing demand for packaged food and beverages coupled with the flourishing e-commerce industry is expected to drive the demand for packaging machinery. Moreover, rising awareness regarding personal health and hygiene, increased disposable income, and rise in number of end user industries are anticipated to propel the market growth.

Recent Market Developments:

In August 2019, Syntegon Technology GmbH has introduced a fully automated horizontal flow wrapper Pack 403 at Pack Expo 2019 in Las Vegas. It has a Paloma pick-and-place robot for use in tough environments.

Food Packaging Machinery Market

MARKET SUMMARY
-
6.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.1%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Food Packaging Machinery Market

  • The global food packaging machinery market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The food packaging machinery market report gives historical, current, and future market sizes (US$ Mn) on machinery type, by technology, and geography.
Key Players
  • Robert Bosch(Germany)
  • GEA Group(Germany)
  • IMA Group(Italy)
  • COESIA Group(Italy)
  • Ishida(Japan)
Food Packaging Machinery Market Dynamics

Packaging has evolved from a simple exterior covering to an important aspect of marketing and product safety. Today’s packaging sector serves a wide range of consumer preferences, particularly the ‘on-the-go’ consumer, for whom effective and functional packaging is essential. A surge in packaging machinery applications in a wide range of industries, including food and beverage is propelling the food packaging machinery market forward. Manufacturers are focusing on creative packaging solutions that keep products fresh for longer periods of time due to stricter food safety standards. For instance, in 2019 tetra pack announced the launch of a new connected packaging platform, which transform milk and juice carton into interactive information channels and full-scale carrier.


Asia-Pacific Got Significant Share

Food Packaging Machinery Market

The Asia Pacific held the largest share in the global food packaging machinery market and the market is expected to grow at a significant CAGR over the forecast years owing to the growth of the economy and the increase in urbanization. Moreover, the other drivers that have a positive impact on the market are rising household incomes and the growing middle-class population which is expected to increase the demand for packaged and convenience food products in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The food packaging machinery market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Food Packaging Machinery Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The food packaging machinery market is projected to expand at a CAGR of 6.1% during the forecast period.

ARPAC (US), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), Lindquist Machine Corporation (US).

Asia Pacific is the fastest-growing region for food packaging machinery market


Report

Company Profile

  • Robert Bosch(Germany)
  • GEA Group(Germany)
  • IMA Group(Italy)
  • COESIA Group(Italy)
  • Ishida(Japan)
  • ARPAC (US)
  • Multivac (Germany)
  • Omori Machinery Company (Japan)
  • Nichrome India (India)
  • Adelphi Group (UK)
  • Kaufman Engineered Systems (US),
  • Lindquist Machine Corporation (US).

Description

The food packaging machinery market is estimated to be valued at USD 17,792.5 million in 2021 and is poised to grow at a CAGR of 6.1% over 2022-2028. Food Packaging machinery is a term that describes equipment that is used to pack various items and components. It is important for enabling the packaging of small sachets into large cartons, as well as providing temperature resistance and assuring product safety. Based on the machinery type, the vertical form, fill, and seal equipment accounts to have a larger share in the forecasting period due to this equipment being extensively used in the wide range of food products packaging including snack foods, wafers, candies, and others. Moreover, companies in the market such as Krones AG, Robert Bosh Packaging technology GmbH, and Coesia S.P.A are focusing on the development of smart and new innovative machinery. Increasing demand for packaged food and beverages coupled with the flourishing e-commerce industry is expected to drive the demand for packaging machinery. Moreover, rising awareness regarding personal health and hygiene, increased disposable income, and rise in number of end user industries are anticipated to propel the market growth.

Recent Market Developments:

In August 2019, Syntegon Technology GmbH has introduced a fully automated horizontal flow wrapper Pack 403 at Pack Expo 2019 in Las Vegas. It has a Paloma pick-and-place robot for use in tough environments.

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