IMARC Group's report titled "Food Packaging Equipment Market Report by Equipment (Bottling Line, Cartoning, Case Handling, Closing, Filling and Dosing, Form, Fill and Seal, Labelling, Decorating and Coding, Palletizing, Wrapping and Bundling, and Others), Application (Meat, Poultry and Seafood, Dairy, Bakery and Snack, Frozen Food, Candy and Confectionery, Cereal and Grain, Perishable Prepared, Shelf Stable), Distribution Channel (Offline, Online), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global food packaging equipment market growth. The global market size reached US$ 18.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.63% during 2024-2032.
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Factors Affecting the Growth of the Food Packaging Equipment Industry:
Technological Advancements:
The integration of automation and robotics revolutionizes packaging processes by enhancing speed, precision, and efficiency, leading to significant cost savings and higher production volumes. Smart packaging technologies, such as sensors and freshness indicators, add value by providing real time information about product quality and safety, which appeals to both manufacturers and consumers. Innovations in sustainable packaging materials like biodegradable plastics and compostable films address environmental concerns and regulatory pressures. These advancements not only improve the functionality and appeal of packaging but also align with the growing consumer and regulatory emphasis on sustainability.
Consumer Preferences:
Modern consumers are preferring convenience, safety, and aesthetically pleasing packaging solutions. Ready-to-eat (RTE) meals, single-serve portions, and easy-to-open packages necessitate sophisticated packaging solutions. Moreover, the rising awareness among individuals about food safety and hygiene is catalyzing the demand for tamper-evident and contamination-proof packaging. Furthermore, rising preferences for eco-friendly and sustainable packaging in materials and methods are propelling the market growth. Packaging that ensures product freshness, extends shelf life, and maintains nutritional value is highly crucial. The aesthetic appeal of packaging can influence purchasing decisions.
E-commerce Growth:
The growing demand for robust, tamper-evident, and visually appealing packaging due to the thriving e-commerce sector is offering a favorable market outlook. Packaging for e-commerce needs to ensure product integrity during transportation, which requires durable materials and advanced sealing technologies. Besides this, the rising number of subscription meal kits and direct-to-consumer (D2C) food brands is impelling the market growth. There is an increase in the need for specialized packaging solutions that can handle varied products and maintain freshness over extended delivery times. Efficient and innovative packaging is essential to meet the logistical challenges and consumer expectations associated with e-commerce.
Leading Companies Operating in the Global Food Packaging Equipment Industry:
ARPAC LLC (Duravant LLC)
GEA Group Aktiengesellschaft
Illinois Tool Works Inc.
IMA group
ISHIDA CO.LTD
Krones AG
MULTIVAC
Omori Machinery Co. Ltd.
OPTIMA packaging group GmbH
Tetra Laval International SA.
Food Packaging Equipment Market Report Segmentation:
By Equipment:
Bottling Line
Cartoning
Case Handling
Closing
Filling and Dosing
Form, Fill and Seal
Labelling, Decorating and Coding
Palletizing
Wrapping and Bundling
Others
Form, fill and seal represents the largest segment as it offers real time monitoring of product quality.
By Application:
Meat, Poultry and Seafood
Dairy
Bakery and Snack
Frozen Food
Candy and Confectionery
Cereal and Grain
Perishable Prepared
Shelf Stable
Meat, poultry and seafood hold the biggest market share due to changing dietary patterns of individuals.
By Distribution Channel:
Offline
Online
Offline accounts for the largest market share, driven by the rising focus on lowering labor costs.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific enjoys a leading position in the food packaging equipment market on account of favorable regulatory compliance.
Global Food Packaging Equipment Market Trends:
Advanced packaging solutions help in reducing food waste by extending shelf life and maintaining product quality. The rising adoption of food packaging equipment that supports recyclable and biodegradable packaging materials to meet user and regulatory demands for sustainable practices is bolstering the market growth.
Stringent food safety regulations mandate that packaging equipment adhere to high standards to prevent contamination and ensure consumer safety. Compliance with these regulations often necessitates investment in advanced technologies and materials that meet stringent quality and safety standards. These regulations drive innovation and investment in new equipment and technologies to ensure compliance while maintaining efficiency and cost-effectiveness. Failure to comply with regulatory standards can result in severe penalties, product recalls, and reputational damage.
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