Global Food Processing and Food Packaging Equipment Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Global Food Processing and Food Packaging Equipment Market
PR-Inside.com: 2018-06-14 15:03:53
Global food processing and food packaging equipment market was valued at US$ XX Mn in 2017 and expected to grow at 4.5% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Food Processing and Food Packaging Equipment Market
The food processing is the process of transforming the cooked or the raw food ingredients to produce marketable food products that can ease the preparation. The food processing involves various activities such as mincing and macerating, liquefaction and emulsification, cooking and preserving followed by packaging. The food packaging process helps providing proper protection and resistance. The global market for food processing and packaging equipment growth driven rising demand of ready to use food products.
Market Dynamics: Food Processing and Food Packaging Equipment Market
Increased disposable income in the emerging countries and the rising urban population are majorly driving the growth of the food processing and food packaging equipment market. The changing lifestyle is driving the people towards the modernized food and consumers are opting for the processed food rather than the raw food owing to the ease and the convenience of the readily processed food. The rising demand for dairy products and growing working population is majorly driving the growth of the food processing and food packaging equipment market. The manufacturers are also expanding their market by introducing variants of the products. However, the factors such as stringent safety standards are likely to hamper the growth of the food processing and food packaging equipment market.
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Market Scope: Food Processing and Food Packaging Equipment Market
Food processing and food packaging equipment market is segmented based on the product type, technology, disease indication, and distribution channel
Based on the product type, the market is segmented into the following:
• Process Equipment
• Packaging equipment
o Vertical form Fill Seal Machines (VFFS)
o Horizontal form Fill Seal Machines (HFFS)
o Vertical form Fill Seal Machines Multilane
Based on the technology, the market is segmented into the following:
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Regional Analysis: Food Processing and Food Packaging Equipment Market
Geographically, global food processing and food packaging equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Currently the regions of Asia Pacific and Europe are showing higher growth in the global food processing and food packaging equipment market owing to the higher population these regions are leading the market. The larger consumer base is attracting the manufacturers in expansion of their market in these areas. Growing demand in emerging countries for ready-to-use products and ready-to-cook products which is providing opportunities to the vendors in further expansion and encouraging the launch of new products in the various regions all over the globe.
Competition Assessment: Food Processing and Food Packaging Equipment Market
Some of the players in the global food processing and food packaging equipment market include:
• Graphic Packaging Holding Co (U.S)
• Illinois Tool Works Inc. (U.S)
• Krones AG (Germany)
• TetraPak (Switzerland)
• John Bean Technologies Corp (U.S)
• Manitowoc Foodservice (U.S)
• Marel (Iceland)
• Buhler (Switzerland)
Notable Market Developments: Food Processing and Food Packaging Equipment Market
In October 2017, Graphic Packaging Holding Company has announced that one of its wholly owned subsidiaries has acquired Norgraft Packaging, S.A.
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