Global Food Packaging Equipment Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global food packaging equipment market size reached USD 18.6 Billion in 2023.
• The market is expected to reach USD 28.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.63% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest food packaging equipment market share.
• Offline retail channels dominate the market due to the growing focus on reducing labor costs.
• Form, fill, and seal machines dominate the market due to their ability to provide real-time monitoring of product quality.
• The integration of automation and robotics is transforming packaging processes by improving speed, precision, and efficiency, resulting in significant cost savings and increased production volumes.
• Modern consumers prioritize convenience, safety, and aesthetically pleasing packaging solutions.
• The thriving e-commerce sector is driving the demand for robust, tamper-evident, and visually appealing packaging solutions, offering a positive market outlook.

Industry Trends and Drivers:

• 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.

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Food Packaging Equipment Market Report Segmentation:

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.

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

Asia Pacific enjoys a leading position in the food packaging equipment market on account of favorable regulatory compliance.

Top Food Packaging Equipment Market Leaders:

The food packaging equipment market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• 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

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