Food Packaging Equipment Market Poised to Reach $25.37 Billion by 2029, Driven by Automation and Hygienic Solutions
According to the latest report, the global food packaging equipment market is projected to grow at a compound annual growth rate (CAGR) of 6% from 2022, reaching $25.37 billion by 2029. By volume, the market is expected to expand at a CAGR of 8%, totaling 12,131.3 thousand units by 2029. This growth is fueled by the increasing integration of automation technologies, the demand for hygienic packaging solutions, and the trend of using packaging for product differentiation. Additionally, the rising packaged food industry in emerging economies presents substantial opportunities for market players.
However, the market faces challenges such as the high cost of advanced packaging solutions, stringent environmental regulations, recycling issues with multilayer films, and a shortage of skilled personnel.
Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5249
Market Segmentation Overview:
• Type: The market is segmented into form-fill-seal equipment, cartoning equipment, filling & dosing equipment, wrapping & bundling equipment, case packing equipment, labeling & coding equipment, and inspecting, detecting, and checking weighing machines. Form-fill-seal equipment is anticipated to dominate the market in 2022 due to its speed and versatility, which streamlines the packaging process by reducing production time and increasing flexibility.
• Form-Fill-Seal Equipment: Within this segment, vertical form-fill-seal equipment is expected to hold a larger share in 2022. This is due to its efficiency in automated assembly-line systems and suitability for limited floor space and frequent packaging changes.
• Application: The market is segmented into dairy, bakery, chocolate & confectionery, fruits & vegetables, meat, poultry & seafood, snack food, and others. The meat, poultry, and seafood segment is predicted to lead in market share due to increased consumption of processed and frozen products and advancements in cold-chain logistics.
• Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share in 2022, driven by the growing application of packaged foods and a high concentration of local packaging equipment manufacturers. The region’s significant role as a global food commodity exporter also contributes to its high demand for packaging equipment.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research