Food Packaging Technology And Equipment Market
Food Packaging Technology and Equipment Market Forecasts to 2030 - Global Analysis By Equipment Type (Filling Machines, Labeling and Coding Machines, Wrapping Machines, Form-Fill-Seal (FFS) Machines, Sealing Machines, Inspecting and Detecting Machines, Bottling Line, Cartoning, Case Handling, Palletizing, Closing and Other Equipment Types), Packaging Material, Technology, Application and By Geography
According to Stratistics MRC, the Global Food Packaging Technology and Equipment Market is accounted for $24.1 billion in 2023 and is expected to reach $35.3 billion by 2030 growing at a CAGR of 5.6% during the forecast period. Food packaging technology and equipment continually evolve to meet industry demands. Advanced machinery, including labeling and coding systems, modified atmosphere packaging (MAP), and automation, enhance efficiency and ensure regulatory compliance. Innovation drives the development of equipment capable of maintaining product freshness, extending shelf life, and reducing waste. Despite initial investment considerations, the market emphasizes cost-effectiveness and flexibility to accommodate diverse food products and regulatory standards.
According to the U.K. Parliament Office of Science and Technology, 46.2% of plastic packaging from all sectors was gathered for recycling, in 2017.
Market Dynamics:
Driver:
Incorporation of automated technologies and machinery flexibility
The global food and beverage sector, which is expanding quickly, is anticipated to propel the expansion of the food packaging technology and equipment market. The food and beverage sector mostly uses these devices for labeling and packing. The food packaging machinery incorporates modern technologies such as Big Data and Internet of Things (IoT), which are creating profitable growth prospects. Food manufacturing firms may use IoT to monitor food from the plant to the shop, helping to ensure the greatest possible degree of food safety. The need for food packaging machinery will rise as a result of Industry 4.0 and the growth of smart factories.
Restraint:
Improper disposing of packaging material adversely affects the environment
Metal, cardboard, plastic foils and wrappers, and other heavy composite materials are used in packaging and are not readily broken down. Degradation of the soil and several other environmental problems result from this. Various measures are being taken by governments worldwide to address the problems of packaging waste and recycling. To reduce the negative effects of packaging and packaging waste on the environment, the EU, for example, enacted the Packaging and Packaging Waste Directive 94/62/EC (a.27). Additionally, because using recycled materials for packaging might cause harmful compounds to leak into food goods, the government has prohibited their usage.
Opportunity:
Adoption of effective and advanced packaging technique
The market for food packaging technology and equipment is expanding due to the use of efficient and cutting-edge packaging methods and the extension of food shelf life. Growing investments in R&D and ongoing package design development further support the expansion. Customers are becoming more conscious of the environment and using less plastic items as a result of the growing pollution caused by plastic consumption. Furthermore, stringent government regulations are being put in place to ban plastic packaging and replace it with packaging that decomposes naturally.
Threat:
Stringent food safety regulations
Stringent food safety regulations pose a threat to the food packaging technology and equipment market by increasing compliance costs and operational complexities. Companies must invest in research and development to meet evolving standards, potentially impacting profit margins. Failure to comply with regulations can result in fines, legal liabilities, and reputational damage. Moreover, navigating a complex regulatory landscape may require significant resources, deterring smaller players from entering the market and limiting competition. Overall, stringent regulations can hinder innovation and profitability in the food packaging technology sector.
Covid-19 Impact
As the coronavirus pandemic spreads and its humanitarian impact grows, sectors that help meet basic necessities, such as providing food and supplies to consumers securely, are being increasingly impacted. With food packaging being the greatest sector of activity in the packaging business, the industry is on the front lines. However, with ease in lockdown restrictions and improved logistics considering the preventive measures for COVID-19, the food packaging equipment industry is expected to grow that is anticipated to increase the sales of food packaging equipment during the forecast period.
The labeling and coding machines segment is expected to be the largest during the forecast period
The labeling and coding machines segment is estimated to have a lucrative growth, owing to the process of applying labels and printing codes on food packaging, significantly improving efficiency and accuracy compared to manual methods. This ensures that the right information is consistently applied to each package, reducing errors and minimizing product recalls due to mislabeling or incorrect coding. Additionally, clear and accurate coding instills confidence in consumers regarding product freshness and safety, positively impacting their purchasing decisions.
The modified atmosphere packaging (MAP) segment is expected to have the highest CAGR during the forecast period
The modified atmosphere packaging (MAP) segment is anticipated to witness the highest CAGR growth during the forecast period, as the adoption of modified atmosphere packaging (MAP) creates a demand for specialized packaging equipment capable of creating and maintaining specific gas compositions within packaging. This includes equipment such as gas flush systems, vacuum sealers, and gas analyzers. Manufacturers and packaging companies may invest in or upgrade existing equipment to meet the requirements of modified atmosphere packaging (MAP) technology driving its markets presence.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the Rapid growth in foreign direct investments by food packaging companies to expand their product portfolio across the region is the key driver for the market. Rising household disposable income, coupled with the growing middle-class population in several countries, including China and India will provide additional support to the market, hence surging the market growth. The rapidly growing food packaging industry in India is expected to support the regional market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to rising demand for ready-to-eat and convenience food in the U.S. is anticipated to propel the demand for packaged foods over the forecasted timeline. The implementation of stringent government regulations surrounding food processing & packaging safety in North America is compelling the demand for advanced food packaging systems having hygienic design. Thus, the market is expected to witness growth in the North America region on account of increasing consumer expenditure on premium food products.
Key players in the market
Some of the key players in the Food Packaging Technology and Equipment Market include MULTIVAC, ARPAC LLC., Bomarko Inc., Coesia S.p.A., GEA Group Aktiengesellschaft, Graphic Packaging International LLC, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Illinois Tool Works Inc., Kaufman Engineered Systems, Klöckner Pentaplast, Krones AG, Lindquist Machine Corporation, Nichrome Packaging Solutions, Omori Machinery Co., Ltd., OPTIMA Packaging Group GmbH, Oystar, Printpack, Robert Bosch Packaging Technology GmbH, Schur Flexibles Holding GesmbH and Tetra Pak International S.A.
Key Developments:
In March 2024, TVI sets a new benchmark in the meat industry with its latest portioning machine, with this model the company is expanding its range of portioning machines in the medium-sized industrial sector, as well as setting a new benchmark in the meat industry.
In March 2024, Bosch launches RevX to help fleets find the best load every time. The new cloud-based service from Bosch aggregates search results across multiple brokers and load boards based on a specific criterion, calculates profits, and effortlessly helps with data driven decision making to eliminate empty miles.
In January 2024, Tetra Pak has announced a collaboration with Absolicon, a Swedish solar thermal company, to offer a standardised solution for industrial equipment powered by renewable thermal energy (heat).
Equipment Types Covered:
• Filling Machines
• Labeling and Coding Machines
• Wrapping Machines
• Form-Fill-Seal (FFS) Machines
• Sealing Machines
• Inspecting and Detecting Machines
• Bottling Line
• Cartoning
• Case Handling
• Palletizing
• Closing
• Other Equipment Types
Packaging Materials Covered:
• Paper & Paperboard
• Plastic
• Metal
• Glass
• Other Packaging Materials
Technologies Covered:
• Vacuum Packaging
• Modified Atmosphere Packaging (MAP)
• Aseptic Packaging
• Intelligent Packaging
• Controlled Release Packaging
• Active Packaging
• Other Technologies
Applications Covered:
• Bakery & Confectionery
• Dairy Products
• Fruits & Vegetables
• Ready-to-Eat Meals
• Meat, Poultry & Seafood
• Beverages
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Food Packaging Technology and Equipment Market, By Equipment Type
5.1 Introduction
5.2 Filling Machines
5.3 Labeling and Coding Machines
5.4 Wrapping Machines
5.5 Form-Fill-Seal (FFS) Machines
5.6 Sealing Machines
5.7 Inspecting and Detecting Machines
5.8 Bottling Line
5.9 Cartoning
5.10 Case Handling
5.11 Palletizing
5.12 Closing
5.13 Other Equipment Types
6 Global Food Packaging Technology and Equipment Market, By Packaging Material
6.1 Introduction
6.2 Paper & Paperboard
6.3 Plastic
6.4 Metal
6.5 Glass
6.6 Other Packaging Materials
7 Global Food Packaging Technology and Equipment Market, By Technology
7.1 Introduction
7.2 Vacuum Packaging
7.3 Modified Atmosphere Packaging (MAP)
7.4 Aseptic Packaging
7.5 Intelligent Packaging
7.6 Controlled Release Packaging
7.7 Active Packaging
7.8 Other Technologies
8 Global Food Packaging Technology and Equipment Market, By Application
8.1 Introduction
8.2 Bakery & Confectionery
8.3 Dairy Products
8.4 Fruits & Vegetables
8.5 Ready-to-Eat Meals
8.6 Meat, Poultry & Seafood
8.7 Beverages
8.8 Other Applications
9 Global Food Packaging Technology and Equipment Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 MULTIVAC
11.2 ARPAC LLC.
11.3 Bomarko Inc.
11.4 Coesia S.p.A.
11.5 GEA Group Aktiengesellschaft
11.6 Graphic Packaging International LLC
11.7 I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
11.8 Illinois Tool Works Inc.
11.9 Kaufman Engineered Systems
11.10 Klöckner Pentaplast
11.11 Krones AG
11.12 Lindquist Machine Corporation
11.13 Nichrome Packaging Solutions
11.14 Omori Machinery Co., Ltd.
11.15 OPTIMA Packaging Group GmbH
11.16 Oystar
11.17 Printpack
11.18 Robert Bosch Packaging Technology GmbH
11.19 Schur Flexibles Holding GesmbH
11.20 Tetra Pak International S.A.
List of Tables
1 Global Food Packaging Technology and Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Food Packaging Technology and Equipment Market Outlook, By Equipment Type (2021-2030) ($MN)
3 Global Food Packaging Technology and Equipment Market Outlook, By Filling Machines (2021-2030) ($MN)
4 Global Food Packaging Technology and Equipment Market Outlook, By Labeling and Coding Machines (2021-2030) ($MN)
5 Global Food Packaging Technology and Equipment Market Outlook, By Wrapping Machines (2021-2030) ($MN)
6 Global Food Packaging Technology and Equipment Market Outlook, By Form-Fill-Seal (FFS) Machines (2021-2030) ($MN)
7 Global Food Packaging Technology and Equipment Market Outlook, By Sealing Machines (2021-2030) ($MN)
8 Global Food Packaging Technology and Equipment Market Outlook, By Inspecting and Detecting Machines (2021-2030) ($MN)
9 Global Food Packaging Technology and Equipment Market Outlook, By Bottling Line (2021-2030) ($MN)
10 Global Food Packaging Technology and Equipment Market Outlook, By Cartoning (2021-2030) ($MN)
11 Global Food Packaging Technology and Equipment Market Outlook, By Case Handling (2021-2030) ($MN)
12 Global Food Packaging Technology and Equipment Market Outlook, By Palletizing (2021-2030) ($MN)
13 Global Food Packaging Technology and Equipment Market Outlook, By Closing (2021-2030) ($MN)
14 Global Food Packaging Technology and Equipment Market Outlook, By Other Equipment Types (2021-2030) ($MN)
15 Global Food Packaging Technology and Equipment Market Outlook, By Packaging Material (2021-2030) ($MN)
16 Global Food Packaging Technology and Equipment Market Outlook, By Paper & Paperboard (2021-2030) ($MN)
17 Global Food Packaging Technology and Equipment Market Outlook, By Plastic (2021-2030) ($MN)
18 Global Food Packaging Technology and Equipment Market Outlook, By Metal (2021-2030) ($MN)
19 Global Food Packaging Technology and Equipment Market Outlook, By Glass (2021-2030) ($MN)
20 Global Food Packaging Technology and Equipment Market Outlook, By Other Packaging Materials (2021-2030) ($MN)
21 Global Food Packaging Technology and Equipment Market Outlook, By Technology (2021-2030) ($MN)
22 Global Food Packaging Technology and Equipment Market Outlook, By Vacuum Packaging (2021-2030) ($MN)
23 Global Food Packaging Technology and Equipment Market Outlook, By Modified Atmosphere Packaging (MAP) (2021-2030) ($MN)
24 Global Food Packaging Technology and Equipment Market Outlook, By Aseptic Packaging (2021-2030) ($MN)
25 Global Food Packaging Technology and Equipment Market Outlook, By Intelligent Packaging (2021-2030) ($MN)
26 Global Food Packaging Technology and Equipment Market Outlook, By Controlled Release Packaging (2021-2030) ($MN)
27 Global Food Packaging Technology and Equipment Market Outlook, By Active Packaging (2021-2030) ($MN)
28 Global Food Packaging Technology and Equipment Market Outlook, By Other Technologies (2021-2030) ($MN)
29 Global Food Packaging Technology and Equipment Market Outlook, By Application (2021-2030) ($MN)
30 Global Food Packaging Technology and Equipment Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)
31 Global Food Packaging Technology and Equipment Market Outlook, By Dairy Products (2021-2030) ($MN)
32 Global Food Packaging Technology and Equipment Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
33 Global Food Packaging Technology and Equipment Market Outlook, By Ready-to-Eat Meals (2021-2030) ($MN)
34 Global Food Packaging Technology and Equipment Market Outlook, By Meat, Poultry & Seafood (2021-2030) ($MN)
35 Global Food Packaging Technology and Equipment Market Outlook, By Beverages (2021-2030) ($MN)
36 Global Food Packaging Technology and Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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