Food packaging technology and equipment own several vital features essential for the efficient and effective packaging of food products. Such as they provide protection and preservation, ensuring the freshness, quality, and safety of the packaged food. They should enable convenience and ease of use for consumers, incorporating features such as resalable closures or portion control options.
According to Data Bridge Market Research, the Food Packaging Technology and Equipment Market will project a CAGR of 7.10% for the forecast period of 2022-2029.
“The increasing demand for hygienic food packaging drives the market”
The increasing demand for hygienic food packaging drives the food packaging technology and equipment market. Consumers are becoming more conscious about food safety and are seeking packaging solutions that ensure the preservation of freshness and prevent contamination. This demand drives the need for advanced technologies and equipment in food packaging to meet stringent hygiene standards. Manufacturers invest in innovative packaging solutions such as antimicrobial coatings, tamper-evident seals, and modified atmosphere packaging to enhance product shelf life and maintain food quality. The focus on hygienic food packaging creates opportunities to grow and advance food packaging technology and equipment.
What restraints the growth of the food packaging technology and equipment market?
“The increasing occurrences of counterfeit packaging”
The escalating prevalence of counterfeit packaging presents a substantial impediment to the food packaging technology and equipment market. Counterfeit packaging not only jeopardizes consumer health and safety but also harms brand reputation and trust. Consequently, manufacturers encounter difficulties in guaranteeing the genuineness and reliability of their goods. To address this predicament, companies must allocate resources toward acquiring sophisticated packaging technologies and equipment that offer heightened security measures and traceability. Through such measures, they can fortify product authenticity and safeguard consumer welfare while preserving their brand image and trustworthiness in the market.
Segmentation: Global Food Packaging Technology and Equipment Market
The food packaging technology and equipment market is segmented on the basis of technology, material, equipment and application.
- On the basis of technology, the food packaging technology and equipment market is segmented into controlled, active, intelligent, aseptic, biodegradable, and others.
- On the basis of material, the food packaging technology and equipment market is segmented into metal, glass and wood, paper and paperboard, and plastics, others.
- On the basis of equipment, the food packaging technology and equipment market is segmented into form-fill-seal, filling and dosing, cartooning, case packaging, wrapping and bundling, labelling and coding, inspecting, detecting, and check weighing machines, and others.
- On the basis of application, the food packaging technology and equipment market is segmented into dairy and dairy products, bakery products, confectionery products, poultry, seafood and meat products, convenience foods, Fruits and vegetables, and others.
Regional Insights: North America dominates the food packaging technology and equipment market
North America's dominance in the food packaging technology and equipment market is expected to persist, driven by the increasing demand for processed food in developing countries and the growth of infrastructural development.
Asia-Pacific is expected to experience significant growth in the food packaging technology and equipment market. This is attributed to the region's rising investment in research and development of food processing equipment and technology and the increasing consumption of healthy food. These factors create a favorable environment for lucrative opportunities in the Asia-Pacific market.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-food-packaging-technology-equipment-market
The Prominent Key Players Operating in the Food Packaging Technology and Equipment Market Include:
- Bosch Limited (India)
- Coesia S.p.A (Italy)
- Arpac (U.S.)
- IMA (Italy)
- Ishida (Japan)
- GEA Group Aktiengesellschaft (Germany)
- Multivac Inc. (U.S.s)
- ITC Limited (India)
- Innovia Films (U.K.)
- Graham Packaging Company (U.S.)
- BASF SE (Germany)
- Ampacet Corporation (U.S.)
- Printpack (U.S.)
- Bomarko Inc. (U.S.)
- Graphic Packaging International LLC (U.S.)
- Schur Flexibles Holding GesmbH (Austria)
- Klöckner Pentaplast (Germany)
- Oystar (Germany)
- Nichrome Packaging Solutions (India)
- Omori Machinery Co., Ltd. (Japan)
- Lindquist Machine Corporation (U.S.)
- Kaufman Engineered Systems (U.S.)
- ADELPHI GROUP OF COMPANIES (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of food packaging technology and equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Food Packaging Technology and Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
