IMARC Group, a leading market research company, has recently releases report titled “Food Packaging Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global food packaging equipment market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Food Packaging Equipment Market

Food packaging equipment refers to automated and semi-automated machinery that facilitates the packaging of various food products to preserve freshness, extend shelf life, and meet consumer demands. It offers solutions that encompass filling, sealing, wrapping, labeling, and other functions involved in the packaging process. It is engineered to handle several packaging materials, such as plastics, metals, glass, and paper. It is designed with energy-saving features and adheres to sanitation standards, which ensures that packaged food complies with global health and safety regulations. It offers cost-efficiency and facilitates reduction in labor-intensive processes. It accelerates the packaging process, increases overall productivity, and allows manufacturers to package more products in less time. It offers scalability to accommodate different shapes, sizes, and types of packaging. Its integration with advanced technologies, including sensors, computer programming, and robotics, aids in high precision and consistency.

How Big Is the Food Packaging Equipment Market?

The global food packaging equipmentmarket size reached US$ 17.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.14% during 2023-2028.

Global Industry Trends and Drivers:

The increasing global population, rapid urbanization, fast-paced lifestyles of individuals, and changing dietary patterns are catalyzing the demand for packaged foods and beverages. The rising income levels of individuals are resulting in the escalating consumption of ready-to-eat (RTE) food products and driving the demand for various food processing equipment. Additionally, the growing consumer demand for personalized food experiences is catalyzing the need for food equipment that allows customization and adaptability. The increasing awareness of consumers about food quality and safety is compelling food manufacturers to invest in state-of-the-art equipment. Along with this, rising concerns over climate change and resource scarcity are encouraging the design and utilization of food equipment to minimize environmental impact. The leading market players are making continuous investments in research and development (R&D) activities to develop innovative solutions in food equipment. Apart from this, the increasing vegan population and the escalating demand for plant-based diets are leading to the development of specialized equipment for processing alternative protein sources. The rising emphasis on sustainable practices is pushing industries to invest in energy-efficient and environmentally friendly food equipment. Furthermore, the integration of the Internet of Things (IoT) in food equipment is supporting real-time monitoring and control, driving efficiency, and attracting a wider consumer base. Moreover, advanced food equipment enables better management and efficiency in the supply chain and provides the timely and effective distribution of food products. Innovations in automation, artificial intelligence (AI), and robotics are enhancing the capabilities of food equipment and making them more efficient and precise. Besides this, governing authorities of various countries are taking initiatives, such as providing financial support through subsidies and incentives for adopting modern food equipment.

Food Packaging Equipment Market Growth and Opportunities:

The food packaging equipment market is currently in a phase of steady expansion, offering substantial prospects for growth. This upward trajectory is primarily propelled by the escalating global demand for packaged food items. As consumers’ lives become increasingly fast-paced, there’s a corresponding inclination towards convenience foods that are either ready-to-eat or require minimal preparation. This surge in demand underscores the necessity for cutting-edge and efficient food packaging machinery capable of accommodating diverse packaging needs. Furthermore, the heightened emphasis on food safety and quality is generating a fertile ground for market advancement. Strict regulations and standards established by regulatory bodies mandate the utilization of dependable packaging equipment that ensures the preservation of product integrity, elongates shelf life, and forestalls contamination. In response, manufacturers are making strategic investments in innovative technologies and equipment to align with these requisites. The trajectory toward sustainable packaging also functions as a crucial driver in this landscape. Given the increasing concerns about environmental sustainability, there is a mounting call for packaging materials that are eco-friendly and easily recyclable. This burgeoning demand provides an avenue for the development of packaging machinery adept at handling these sustainable materials, enabling manufacturers to meet their environmental objectives effectively.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Equipment:

• Bottling Line
• Cartoning
• Case Handling
• Closing
• Filling and Dosing
• Form, Fill and Seal
• Labelling, Decorating and Coding
• Palletizing
• Wrapping and Bundling
• Others

Breakup by Application:

• Meat, Poultry and Seafood
• Dairy
• Bakery and Snack
• Frozen Food
• Candy and Confectionery
• Cereal and Grain
• Perishable Prepared
• Shelf Stable

Breakup by Distribution Channel:

• Offline
• Online

Breakup by Region:

• 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

The report provides a comprehensive analysis of the industry key players listed below:

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 and Tetra Laval International SA.