The latest report on “Food Packaging Technology and Equipment Market (Type – Controlled Packaging, Active Packaging, Aseptic Packaging, Intelligent Packaging, Biodegradable Packaging, and Other Types; Material – Metal, Glass and Wood, Paper and Paperboard, Plastics, and Other Materials; Application – Convenience Foods, Poultry, Seafood, and Meat Products, Bakery Products, Confectionery Products, Dairy and Dairy Products, Fruits and Vegetables, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” 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.
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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.
North America is the Largest Market in the Food Packaging and Equipment 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.
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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.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the food packaging technology and equipment.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.