Food Processing & Packaging Equipment Market by Equipment Type (Food Packaging Equipment, Food Processing Equipment, Food Service Equipment), Operation (Automatic, Semi-Automatic), Distribution Channel, End-Use - Global Forecast 2024-2030
The Food Processing & Packaging Equipment Market size was estimated at USD 94.61 billion in 2023 and expected to reach USD 102.04 billion in 2024, at a CAGR 7.84% to reach USD 160.51 billion by 2030.
Food processing and packaging are integral aspects of the food industry, which plays a crucial role in preserving food products, ensuring their quality and safety, and providing convenience to consumers. These processes include sorting, cleaning, chopping, mixing, cooking, cooling, and freezing. The rapid urbanization leading to changing lifestyles, food consumption patterns and technological advancements in automation are increasing the need for food processing and packaging processes. However, high capital investment requirements for setting up advanced processing plants and increasing regulatory pressures for reducing waste generation are hampering the growth of the food processing and packaging market. Furthermore, implementing energy-efficient food processing systems that lower the carbon footprint and operational costs and ongoing research into novel materials with improved barrier properties ensuring better preservation of perishable products are expected to create lucrative opportunities for the food processing and packaging market.
Regional InsightsIn the Americas, the food processing and packaging equipment market is driven by growing demand for convenience foods, advancements in technology, as well as stringent regulations for food safety. In the United States and Canada, demand for convenience foods drives the market alongside technological innovations and strict food safety regulations. The major food companies are offering innovative strategies to enhance efficiency, reduce maintenance costs, minimize waste generation, and ensure product quality. In EU countries, regulatory changes such as the EU's Circular Economy Action Plan emphasize sustainable practices and resource efficiency in the entire lifecycle of products. Initiatives such as the “European Technology Platform” aim at fostering collaboration among European stakeholders in research, development, and innovation activities related to food processing & packaging technology. Emerging economies within the Middle East (UAE) and Africa (South Africa) show rapid growth potential as urbanization rates increase along with rising disposable incomes. Additionally, increased government support for initiatives such as the Make in India campaign aims to establish India as a global manufacturing hub for food processing equipment.
Market InsightsMarket DynamicsThe market dynamics represent an ever-changing landscape of the Food Processing & Packaging Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market DriversAdvancements in automation technologies for food processing and packaging
Growing demand for processed and convenience foods due to rising global population
Rising government regulatories for safe and hygienic packaging of food
Market RestraintsHigh capital investment requirements for setting up advanced processing plants
Market OpportunitiesImplementation of energy-efficient food processing systems that lower the carbon footprint and operational costs
Ongoing research for novel materials with improved barrier properties
Market ChallengesOperational limitations of food processing & packaging equipments
Market Segmentation AnalysisEquipment Type: Use of advanced machinery meets expectations for food safety
Operation: Automatic food processing and packaging operations offer consistency, and reliability in food production lines
Distribution Channel: Proliferation of online distribution channel owing to high adoption of eCommerce platforms worldwide
End-Use: Growing need for food processing and packaging in beverage industry to ensure long-lasting freshness of beverages
Market Disruption AnalysisPorter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning MatrixThe FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Food Processing & Packaging Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Food Processing & Packaging Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent DevelopmentsTummers Food Processing Solutions Releases E²E SteamClosure
Tummers Food Processing Solutions launched the E²E SteamClosure, an innovative machine designed to reduce emissions and enhance potato pure drying efficiency. Developed in collaboration with Solutherm, this cutting-edge equipment recycles the steam generated during the drying process, converting it into water that can be used for blanching, heating, and cleaning purposes. The E2E SteamClosure is also fitted hermetically over the drum dryer, effectively eliminating any potential odor emissions. This groundbreaking solution contributes to a more sustainable food processing industry and ensures optimal performance and environmental friendliness.
Fabbri Group partnership aims to develop integrated stretch wrapping solution
The Fabbri Group, a global expert in automated food packaging systems, has partnered with Bizerba SE & Co. KG to offer a complete solution for weighing, pricing, packaging, and labeling processes in the food processing and packaging equipment industry. Through this partnership, both companies aim to develop a new line of integrated packaging machines for the food industry.
Amcor announces intent to acquire Moda Systems
Amcor, a major player in responsible packaging solutions, announced it had signed a definitive agreement to acquire Moda Systems, a manufacturer of automated protein packaging machines. Moda's design prioritizes user-friendliness, resulting in improved throughput and enhanced product quality. With the integration of Amcor's extensive range of shrink packaging options for meat, poultry, seafood, and cheese, this acquisition aims to deliver exceptional value to protein producers.
Strategy Analysis & RecommendationThe strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Food Processing & Packaging Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company ProfilesThe report delves into recent significant developments in the Food Processing & Packaging Equipment Market, highlighting leading vendors and their innovative profiles. These include Adelphi Group of Companies, Anderson Dahlen by Gray Company, APACKS, BAADER Global SE, Bühler AG, Coesia S.p.A., Combi Packaging Systems, LLC, Crawford Packaging, DCI Inc., GEA Group AG, Industria Macchine Automatiche S.p.A., Ishida Co., Ltd., JBT Alco-food-machines GmbH, Krones AG, Lee Industries, LONGER Company, Luohe Orange Mechanical Equipment Co., Ltd., Marcelissen-Venlo BV, Marel Group, MULTIVAC Sepp Haggenmüller SE & Co. KG, Möllers North America Inc., Nichrome India Ltd., Omori Machinery Co., Ltd., Quanzhou Tianfa Food Machinery Co., Ltd., Schenck Process Europe GmbH, Syntegon Technology GmbH, Tetra Laval Group, Urschel Laboratories, Inc., Viking Masek Packaging Technologies, and Yangzhou Coyotech Machinery Co., Ltd..
Market Segmentation & CoverageThis research report categorizes the Food Processing & Packaging Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
Equipment Type
Food Packaging Equipment
Food Processing Equipment
Food Service Equipment
Operation
Automatic
Semi-Automatic
Distribution Channel
Offline
Online
End-Use
Bakery & Confectionery
Beverage
Alcoholic Beverage
Non-Alcoholic Beverage
Dairy
Fruits & Vegetables
Fresh & Frozeen
Ready-To-Eat
Meat
Poultry
Red Meat
Seafood
Pet Food
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year