HOME Top Market Reports Food Packaging Technology and Equipment Market by Technology (Controlled, Active, Intelligent, Aseptic, and Biodegradable), Material (Metal, Glass & Wood, Paper & Paperboard, and Plastics), Equipment, Application, and Region - Global Forecast to 2023

Food Packaging Technology and Equipment Market by Technology (Controlled, Active, Intelligent, Aseptic, and Biodegradable), Material (Metal, Glass & Wood, Paper & Paperboard, and Plastics), Equipment, Application, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: March 2018
Report Code: FB 2718

 

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The food packaging technology market was valued at USD 38.77 Billion in 2017 and is projected to grow at a CAGR of 6.92% from 2018, to reach USD 57.80 Billion by 2023. Furthermore, the global food packaging equipment market was valued at USD 18.56 Billion in 2017 and is projected to grow at a CAGR of 6.46% from 2018, to reach USD 26.96 Billion by 2023. The base year considered for the study is 2017, while the forecast period spans from 2018 to 2023. The basic objective of the report is to define, segment, and project the global market size of the markets for food packaging technology (type, material, application, and region) and food packaging equipment (type, application, and region). It also helps to understand the structure of the overall food packaging technology & equipment market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders and providing the competitive landscape of the market trends, and projecting the size of the food packaging technology & equipment market and its submarkets, in terms of value.

This research study involved the extensive use of secondary sources (which included directories and databases)-such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva-to identify and collect information useful for this technical, market-oriented, and commercial study of the food packaging technology and equipment market. The primary sources that have been involved include industry experts from the core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies, and organizations related to all segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the food packaging technology and equipment market.

Food Packaging Technology & Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Key participants in the food packaging technology & equipment market are the technology and equipment manufacturers, suppliers, and regulatory bodies. The key players that are profiled in the report include 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), and Lindquist Machine Corporation (US).

This report is targeted at the existing players in the industry, which include the following:

  • Raw material suppliers
  • Food packaging technology and equipment manufacturers
  • Regulatory bodies
  • Intermediary suppliers
  • Food manufacturers
  • Trade associations and industry bodies
  • Government and research organizations

The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next two to five years, for prioritizing efforts and investments.

Scope Of The Report

Food packaging technology market

On the basis of type, the food packaging technology market has been segmented as follows:

  • Controlled
  • Active
  • Intelligent
  • Aseptic
  • Biodegradable
  • Others (edible and nano-enabled technology)

On the basis of material, the food packaging technology market has been segmented as follows:

  • Metal
  • Glass & wood
  • Paper & paperboard
  • Plastics
  • Others (polysaccharides, proteins, and lipids)

On the basis of application, the food packaging technology market has been segmented as follows:

  • Dairy & dairy products
  • Bakery products
  • Confectionery products
  • Poultry, seafood, and meat products
  • Convenience foods
  • Fruits & vegetables
  • Others (sauces & dressings and condiments)

On the basis of region, the food packaging technology market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW (South America and the Middle East & Africa)

Food packaging equipment market

On the basis of type, the food packaging equipment market has been segmented as follows:

  • Form-fill-seal
  • Filling & dosing
  • Cartoning
  • Case packing
  • Wrapping & bundling
  • Labeling & coding
  • Inspecting, detecting, and check weighing machines
  • Others (palletizing, cleaning, and capping & sealing machines)

On the basis of application, the food packaging equipment market has been segmented as follows:

  • Dairy & dairy products
  • Bakery products
  • Confectionery products
  • Poultry, seafood, and meat products
  • Convenience foods
  • Fruits & vegetables
  • Others (sauces & dressings and condiments)

On the basis of region, the food packaging equipment market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW (South America and the Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Segment Analysis

    • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

    • Further breakdown of the Rest of Asia Pacific food packaging technology and equipment markets, by country
    • Further breakdown of the Rest of European food packaging technology and equipment markets, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Food Packaging Technology and Equipment Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regions Covered
           1.3.3 Periodization
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Food Packaging Technology and Equipment Market Share Estimation
           2.2.1 Secondary Data
           2.2.2 Primary Data
                    2.2.2.1 Key Industry Insights
                    2.2.2.2 Breakdown of Primaries
    2.3 Food Packaging Technology and Equipment Market Size Estimation
           2.3.1 Food Packaging Technology Market
           2.3.2 Food Packaging Equipment Market
    2.4 Data Triangulation
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Food Processing Technology Market
    4.2 Attractive Opportunities in the Food Processing Equipment Market
    4.3 Food Packaging Technology Market Size, By Application, 2018-2023
    4.4 Food Processing Technology Market Size, By Material, 2017
    4.5 Food Packaging Technology & Equipment Market, By Type

5 Food Packaging Technology and Equipment Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Food Packaging Technology and Equipment Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Demand for Hygienic Food Packaging
                    5.3.1.2 Shift to ward Convenient Food Packaging
                    5.3.1.3 Increase in Demand for Fresh and High-Quality Food Products
           5.3.2 Restraints
                    5.3.2.1 High Cost of Development
                    5.3.2.2 Stringent Environmental Regulations
           5.3.3 Opportunities
                    5.3.3.1 Increase in Demand From Developing Countries Such as China and India
                    5.3.3.2 Emergence of Packaging as A to ol for Product Differentiation
           5.3.4 Challenges
                    5.3.4.1 Increased Occurrences of Counterfeit Packaging
                    5.3.4.2 Ensuring Correct Mixture of Gases in Controlled Environment Packaging

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Food Packaging Technology & Equipment Market: Supply Chain Analysis
           6.2.1 Key Influencers
    6.3 Pest Analysis
           6.3.1 Political Factors
           6.3.2 Economic Factors
           6.3.3 Social Factors
           6.3.4 Technological Factors

7 Food Packaging Technology Market, By Type (Page No. - 45)
    7.1 Introduction
    7.2 Controlled Packaging
    7.3 Active Packaging
    7.4 Aseptic Packaging
    7.5 Intelligent Packaging
    7.6 Biodegradable Packaging
    7.7 Other Types

8 Food Packaging Technology Market, By Material (Page No. - 52)
    8.1 Introduction
    8.2 Metal
    8.3 Glass & Wood
    8.4 Paper & Paperboard
    8.5 Plastics
    8.6 Other Materials

9 Food Packaging Equipment Market, By Type (Page No. - 59)
    9.1 Introduction
    9.2 Form-Fill-Seal
    9.3 Filling & Dosing
    9.4 Cartoning
    9.5 Case Packing
    9.6 Wrapping & Bundling
    9.7 Labeling & Coding
    9.8 Inspecting, Detecting, and Check Weighing Machines
    9.9 Other Equipment

10 Food Packaging Technology & Equipment Market, By Application (Page No. - 68)
     10.1 Introduction
     10.2 Convenience Foods
     10.3 Poultry, Seafood, and Meat Products
     10.4 Bakery Products
     10.5 Confectionery Products
     10.6 Dairy & Dairy Products
     10.7 Fruits & Vegetables
     10.8 Others

11 Food Packaging Technology & Equipment Market, By Region (Page No. - 79)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 UK
             11.3.4 Spain
             11.3.5 Italy
             11.3.6 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of Asia Pacific
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Middle East & Africa

12 Competitive Landscape (Page No. - 125)
     12.1 Overview
     12.2 Competitive Situation & Trends
     12.3 Food Packaging Technology and Equipment Market Ranking, By Key Player
             12.3.1 New Product Launch and Product Enhancement
             12.3.2 Expansions
             12.3.3 Mergers & Acquisitions
             12.3.4 Agreement/Joint Venture/Strategic Alliance

13 Company Profiles (Page No. - 130)
     13.1 Robert Bosch
     13.2 GEA Group
     13.3 IMA Group
     13.4 Coesia Group
     13.5 Ishida
     13.6 Arpac
     13.7 Multivac
     13.8 Omori Machinery
     13.9 Nichrome India
     13.10 Adelphi Packaging
     13.11 Kaufman Engineered Systems
     13.12 Lindquist Machine Corporation

"* The companies listed are a representative sample of the market’s ecosystem and in no particular order"

14 Appendix (Page No. - 163)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (119 Tables)

Table 1 US Dollar Exchange Rate, 2014–2017
Table 2 Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 3 Controlled Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 4 Active Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 5 Aseptic Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 6 Intelligent Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 7 Biodegradable Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 8 Other Types Food Packaging Technology and Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 9 Food Packaging Technology Market Size, By Material, 2016–2023 (USD Million)
Table 10 Metal in Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 11 Glass & Wood in Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 12 Paper & Paperboards in Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 13 Plastics in Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 14 Other Materials in Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 15 Food Packaging Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 16 Form-Fill-Seal Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 17 Filling & Dosing Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 18 Cartoning Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 19 Case Packing Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 20 Wrapping & Bundling Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 21 Labeling & Coding Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 22 Inspecting, Detecting, and Check Weighing Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 23 Other Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 24 Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 25 Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 26 Convenience Foods: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 27 Convenience Foods: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 28 Poultry, Seafood, and Meat Products: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 29 Poultry, Seafood, and Meat Products: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 30 Bakery Products: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 31 Bakery Products: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 32 Confectionery Products: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 33 Confectionery Products: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 34 Dairy Products: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 35 Dairy Products: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 36 Fruits & Vegetables: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 37 Fruits & Vegetables: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 38 Other Applications: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 39 Other Applications: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 40 Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 41 Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 42 North America: Food Packaging Technology Market Size, By Country, 2016–2023 (USD Million)
Table 43 North America: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 44 North America: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 45 North America: Food Packaging Technology Market Size, By Material, 2016–2023 (USD Million)
Table 46 North America: Food Packaging Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 47 North America: Food Packaging Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 48 North America: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 49 US: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 50 US: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 51 US: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 52 Canada: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 53 Canada: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 54 Canada: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 55 Mexico: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 56 Mexico: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 57 Mexico: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 58 Europe: Food Packaging Technology Market Size, By Country, 2016–2023 (USD Million)
Table 59 Europe: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 60 Europe: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 61 Europe: Food Packaging Technology Market Size, By Material, 2016–2023 (USD Million)
Table 62 Europe: Food Packaging Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 63 Europe: Food Packaging Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 64 Europe: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 65 Germany: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 66 Germany: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 67 Germany: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 68 France: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 69 France: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 70 France: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 71 UK: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 72 UK: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 73 UK: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 74 Spain: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 75 Spain: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 76 Spain: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 77 Italy: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 78 Italy: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 79 Italy: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 80 Rest of Europe: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 81 Rest of Europe: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 82 Rest of Europe: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 83 Asia Pacific: Food Packaging Technology Market Size, By Country, 2016–2023 (USD Million)
Table 84 Asia Pacific: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 85 Asia Pacific: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 86 Asia Pacific: Food Packaging Technology Market Size, By Material, 2016–2023 (USD Million)
Table 87 Asia Pacific: Food Packaging Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 88 Asia Pacific: Food Packaging Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 89 Asia Pacific: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 90 China: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 91 China: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 92 China: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 93 Japan: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 94 Japan: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 95 Japan: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 96 India: Food Packaging Technology Market Size, By Type,2016–2023 (USD Million)
Table 97 India: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 98 India: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 99 Rest of Asia Pacific: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 100 Rest of Asia Pacific: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 101 Rest of Asia Pacific: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 102 RoW: Food Packaging Technology Market Size, By Region, 2016–2023 (USD Million)
Table 103 RoW: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 104 RoW: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 105 RoW: Food Packaging Technology Market Size, By Material, 2016–2023 (USD Million)
Table 106 RoW: Food Packaging Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 107 RoW: Food Packaging Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 108 RoW: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 109 South America: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 110 South America: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 111 South America: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 112 Middle East & Africa: Food Packaging Technology Market Size, By Type, 2016–2023 (USD Million)
Table 113 Middle East & Africa: Food Packaging Technology Market Size, By Application, 2016–2023 (USD Million)
Table 114 Middle East & Africa: Food Packaging Equipment Market Size, By Application, 2016–2023 (USD Million)
Table 115 Food Packaging Technology and Equipment Market Ranking, 2016
Table 116 New Product Launch/Product Enhancement, 2013–December 2017
Table 117 Expansions, 2013–December 2017
Table 118 Mergers & Acquisitions, 2013–December 2017
Table 119 Agreement/Joint Venture/Strategic Alliance, 2013–December 2017


List of Figures (40 Figures)

Figure 1 Food Packaging Technology & Equipment Market Segmentation
Figure 2 Food Packaging Technology & Equipment Market, By Region
Figure 3 Food Packaging Technology & Equipment Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Food Packaging Technology and Equipment Market Size Estimation: Bottom-Up Approach
Figure 6 Food Packaging Technology and Equipment Market Size Estimation Methodology: to p-Down Approach
Figure 7 Food Packaging Technology and Equipment Market Size Estimation: Bottom-Up Approach
Figure 8 Food Packaging Technology and Equipment Market Size Estimation Methodology: to p-Down Approach
Figure 9 Food Packaging Technology and Equipment Market Breakdown & Data Triangulation
Figure 10 Food Packaging Technology Market Size, By Region, 2017
Figure 11 Food Packaging Equipment Market Size, By Region, 2017
Figure 12 Food Packaging Equipment Market, By Application, 2018 vs. 2023
Figure 13 Food Packaging Equipment Market, By Type, 2018 vs. 2023
Figure 14 Food Packaging Technology Market, By Type, 2018 vs. 2023
Figure 15 Increasing Demand for Convenience Food to Drive the Food Processing Technology Market GRoWth
Figure 16 Increase in Demand for Hygienic Food Packaging to Drive the Food Processing Equipment Market
Figure 17 Convenience Food is Estimated to Account for the Largest Share in the Food Packaging Technology Market in 2018
Figure 18 Plastic is Estimated to Account for the Largest Share in the Food Packaging Technology Market in 2018
Figure 19 Form-Fill-Seal and Controlled Packaging to Dominate in 2017
Figure 20 Evolution of the Food Packaging Technology IndUStry
Figure 21 Food Packaging Technology & Equipment Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Food Packaging Technology & Equipment Market: Supply Chain Analysis
Figure 23 Food Packaging Technology Market, By Type, 2018 vs. 2023 (USD Million)
Figure 24 Food Packaging Technology Market Size, By Material, 2018 vs. 2023 (USD Million)
Figure 25 Food Packaging Equipment Market, By Type, 2018 vs. 2023 (USD Million)
Figure 26 Food Packaging Technology Market, By Application, 2018 vs. 2023
Figure 27 Food Packaging Equipment Market, By Application, 2018 vs. 2023
Figure 28 Geographic Snapshot (2018–2023): Food Packaging Technology Market
Figure 29 Geographic Snapshot (2018–2023): Food Packaging Equipment Market
Figure 30 The US Dominated the Market for Food Packaging Equipment in North America in 2017
Figure 31 Companies Adopted New Product Launch and Product Enhancement as the Key Growth Strategy During 2013–2017
Figure 32 New Product Launch and Product Enhancement Were the Key Growth Strategies (2015–2017)
Figure 33 Robert Bosch: Company Snapshot
Figure 34 Robert Bosch: Swot Analysis
Figure 35 GEA Group: Company Snapshot
Figure 36 GEA Group: Swot Analysis
Figure 37 IMA Group: Company Snapshot
Figure 38 IMA Group: Swot Analysis
Figure 39 Coesia Group: Swot Analysis
Figure 40 Ishida: Swot Analysis

The food packaging technology market is estimated at USD 41.36 Billion in 2018 and is projected to reach USD 57.80 Billion by 2023, at a CAGR of 6.92% during the forecast period. The food packaging equipment market is estimated at USD 19.72 billion in 2018 and is projected to reach USD 26.96 billion by 2023, at a CAGR of 6.46% during the forecast period. The market sizes of food packaging technology and equipment include the valuation of existing food packaging technology and equipment and incremental revenue year-on-year. The global demand for food packaging technology and equipment is driven by factors such as high demand for hygienic food packaging, along with rising consumption of fresh and high-quality food and demand for conveniently packaged food products.

Based on technology type, the biodegradable packaging segment is projected to grow at the highest CAGR from 2018 to 2023. It includes the encapsulation of biodegradable components in food and packaging materials for timely release of bioactive components and the use of enzymes that can facilitate the decomposition process.

The form-fill-seal segment, by equipment type, is estimated to account for the largest share of the global food packaging equipment market in 2018. These systems are highly sophisticated, featuring computer interfaces and control networks. Speed and flexibility are the key benefits of form-fill-seal machines.

The convenience foods segment, by application, is estimated to account for the largest share of the global food packaging technology and equipment market in 2018. Affordability and ease of preparing & serving the packed food products are propelling the demand for packaged food products which in turn is increasing the demand for food packaging technology and equipment market.

The Asia Pacific region is projected to be the fastest-growing market for food packaging technology and equipment during the forecast period. The major countries with growth potential in this market include the China, India, Japan, Australia, New Zealand, and South Korea. Rising household incomes and the growing middle-class population have led to an increase in demand for packaged food products, which is increasing the demand for packaging technologies and equipment in this region. This is an emerging market, and hence provides opportunities for the growth of the food packaging technology and equipment market.

Food Packaging Technology & Equipment Market

Food Packaging Technology & Equipment Market

The major restraining factors for the growth of the food packaging technology and equipment market is the high cost of development of technologies and equipment manufacturing and stringent government regulations.

Companies such as Robert Bosch (Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), and ARPAC (US) are the major players in the food packaging technology and equipment market. These companies have a strong presence in the European region. They also have manufacturing facilities across these regions and a strong distribution network.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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