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

Description

Food Packaging Machinery Market is valued at USD 17,792.5 million in 2021 and is poised to grow at a significant CAGR of 6.5% over 2022–2028. Packaging has developed from a short outer covering to a crucial product safety and marketing component. The modern packaging industry caters to a wide range of customer preferences, especially those of the consumer constantly on the go and for whom practical and functional packaging is crucial. The market for food packaging machinery is growing due to an increase in packaging machinery applications in various sectors, including the food and beverage industry. As a result of more stringent food safety regulations, producers are concentrating on innovative packaging ideas that keep items fresh for extended periods. Dietary preferences of consumers, such as the rising demand for “natural” and “organic,” have also propelled the packaging industry to create novel solutions. The technology used to package these goods has advanced along with the demand for food, which has expanded and become more diverse. As single-serve bag sizes and smaller numbers have gained popularity, there has been an increase in the demand for quick and cost-effective packing devices. Furthermore, flexible packaging machines that can adapt to various products and pack styles are in great need due to consumer demand for a wide range of goods in different package sizes and forms. To ensure product safety, automation must be used in products packaging. Over the projection period, it is anticipated that developments in food packaging, such as edible packaging, micro packaging, innovative packaging, anti-microbial packaging, and water-soluble packaging, would gain momentum. Additionally, the market for packing machinery is less volatile than other types of machinery because of its close relationship to the widespread consumption of food, beverages, and other consumer goods. Megatrends including population expansion, urbanization, and growing affluence frequently coincide with the growth of the packaging machinery sector. By enabling them to follow food from the plant to the market, the Internet of Things enables food makers to achieve the highest degree of food safety. As Industry 4.0 is adopted and the number of manufacturing industries rises, food packaging equipment will become increasingly in demand. Advanced packaging is becoming more prevalent in factories, enabling businesses to place sensors that monitor environmental conditions along the supply chain to guarantee the highest possible food quality and safety level.

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.