Food Packaging Equipment Market Forecasts to 2028 – Global Analysis By Equipment (Wrapping & Bundling, Filling & Dosing, Bottling Line and Other Equipments), Technology (Cereal & Grain, Candy & Confectionery, Meat, Poultry & Seafood and Other Applications

Food Packaging Equipment Market Forecasts to 2028 – Global Analysis By Equipment (Wrapping & Bundling, Filling & Dosing, Bottling Line and Other Equipments), Technology (Cereal & Grain, Candy & Confectionery, Meat, Poultry & Seafood and Other Applications) and By Geography

According to Stratistics MRC, the Global Food Packaging Equipment Market is accounted for $20.52 billion in 2022 and is expected to reach $28.46 billion by 2028 growing at a CAGR of 5.6% during the forecast period. Food packaging equipment is an important component of the worldwide food business. Food packaging is essential in order to appropriately distribute products to customers. Food packaging machinery performs several functions in the food packaging industry, including wrapping, sealing, coding, and filling. Food packaging guarantees product stability throughout the supply chain. Efficient food packaging can endure a wide temperature range. The packaging styles differ depending on the product's quality and shelf life. The most prevalent food packaging applications include bakery, confectionery, dairy items, poultry, meat and fish, fruits and vegetables, convenience meals, and others.

According to the National Investment Promotion & Facilitation Agency of India, the country’s processed food industry is expected to reach around USD 543.0 billion by the end of 2020, providing ample opportunities to the players operating in the market of Food Packaging Equipment.

Market Dynamics:

Driver:

The growing awareness about the consumption of healthy foods

Globally expanding food processing industries are driving market expansion. Furthermore, rising health consciousness, increased consumption of healthy foods, and improved hygiene standards are boosting market growth. Furthermore, with an increase in demand for fresh and high-quality food, convenient packaging features such as micro-perforation, easy opening, resealable, portability, lightweight, and easy handling are gaining popularity in the market growth. Furthermore, market growth is being driven by a rapidly changing competitive environment as well as continuous technological developments.

Restraint:

Improper disposing of packaging material adversely affects the environment

Plastic foils and wrappers, metal, cardboard, and other packaging materials are heavy compound materials that are difficult to breakdown. This causes soil degradation and a variety of other environmental problems. Governments throughout the world are launching a number of programmes to address packaging waste and recycling challenges. The European Union, for example, enacted the Packaging and Packaging Waste Directive 94/62/EC (a.27) in order to reduce the environmental impact of packaging and packaging waste. The government has also limited the use of recycled materials for packaging since it may release harmful compounds into food products.

Opportunity:

Adoption of effective & advanced packaging techniques

The growing shelf life of food and the adoption of effective and advanced packaging techniques are the driving factors of market growth. The expansions of packaged food initiatives in emerging nations, as well as the rising use of packaging as a product differentiation factor, are expected to offer market opportunities. Furthermore, the food packaging equipment industry focuses on improving the convenience, shelf life, and marketing capacities that manufacturers can incorporate into their food products as a result of increased demand for ready-to-eat food products, which will increase the adoption rate for innovative and modern packaging technologies and equipment, thereby driving market growth.

Threat:

High cost of progressive food packaging solutions

The problems associated with recycling multilayer films, as well as a lack of professional training and employees, are stifling industry expansion. Furthermore, the increasing number of counterfeit packaging occurrences and assuring the correct gas mixture in controlled environment packaging are impeding market growth. Furthermore, the high initial investment for food packaging equipment, as well as the growing number of stringent regulations, will hinder market growth during the forecast period.

Covid-19 Impact

The outbreak of the COVID-19 pandemic caused panic buying among customers, increasing demand for essential commodities such as food supplies. The rising consumption of food goods drastically reduced the supply of grocery items in retail outlets. In addition, disrupted supply chains, labour shortages, and rising demand for large quantities of raw materials generated additional issues for the food business. However, the situation gradually improved in 2021. Furthermore, food packaging equipment manufacturers and food processing facilities began to focus on automating packaging processes.

The form, fill & seal segment is expected to be the largest during the forecast period

The form, fill & seal segment is estimated to have a lucrative growth. Form fill and seal machines are simple to use and economical to operate. However, operation and changeover require technical expertise. Some machines perform these activities horizontally (horizontal form fill seal, or HFFS), while others perform them vertically (vertical form fill seal, or VFFS). Vertical form fill seal machines have various advantages over horizontal machines, including lower costs and less floor space.

The meat, poultry, and seafood segment is expected to have the highest CAGR during the forecast period

The meat, poultry, and seafood segment is anticipated to witness the highest CAGR growth during the forecast period, because of an increase in demand for processed meat products, an increase in urbanisation and disposable income, and customer preferences for protein-rich food products and convenience foods. Heat-shrinking packaging is often used to extend the shelf life of meat products. The constantly increasing meat and poultry industries around the world will help enterprises in the food packaging equipment market earn a lot of money.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The primary driver for the market is the rapid development in foreign direct investments by food packaging firms to extend their product portfolio across the area. Rising family disposable income, combined with a growing middle-class population in various countries, like China and India, would provide additional support to the market, propelling market growth. The rapidly expanding food packaging industry in India is likely to drive regional market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to the growing investment in the R&D of food processing equipment and technology. Furthermore, consumers' increased reliance on packaged food products, as well as the growing popularity of plant-based dairy products, are helping to drive market growth in this region. Furthermore, rising demand for ready-to-eat and convenience foods in the United States is expected to drive demand for packaged foods over the forecasted timeline.

Key players in the market

Some of the key players profiled in the Food Packaging Equipment Market include Lindquist Machine Corporation, IMA Group, Nichrome India Ltd., Coesia Group, Bosch Packaging Technology, Tetra Laval International S.A., Ishida, Kaufman Engineered System AMF Bakery Systems, MULTIVAC, Robert Bosch Packaging Technology GmbH, ARPAC LLC., Omori Machinery Co. Ltd and The Adelphi Group of Companies.

Key Developments:

In August 2019, MULTIVAC Group presented a new generation cross-web labeler with lower life cycle costs. This machine is equipped with IO-link and EtherCAT, a sensor system for labeling inspection and predictive maintenance of food products.

In September 2017, IMA announced the merger of its fully owned subsidiary at Zola Predosa (Bologna), which is a specialist in designing and producing automatic machines for food packaging. It can be used for the packaging of confectionery, capping of coffee, and in assembly solutions.

Equipments Covered:
• Wrapping & Bundling
• Filling & Dosing
• Bottling Line
• Palletizing
• Case Handling
• Labelling, Decorating, & Coding
• Cartoning
• Form, Fill & Seal
• Closing
• Other Equipments

Applications Covered:
• Cereal & Grain
• Candy & Confectionery
• Meat, Poultry & Seafood
• Frozen Food
• Dairy
• Perishable
• Bakery & Snack

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 2020, 2021, 2022, 2025, and 2028
- 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