Rising awareness among consumers and
continuous innovation in technology will continue to fuel demand for
packaging that is hygienic, functional, and visually-appealing.
Packaging has witnessed a sea-change – from just an outer covering to an
integral part of marketing and product safety. Today, the packaging
industry is catering to the preference of a wide consumer base,
especially the ‘on-the-go’ consumer, for whom effective and functional
packaging is ever so important.
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Stricter food safety regulations have led
manufacturers to focus on innovative methods of packaging that keep the
product fresh over long term. Also changing dietary preferences of
consumers, such as the burgeoning demand for “natural” and “organic” has
prompted packaging industry to come up with new solutions. As the
demand for food has progressed and diversified, so has the technology
involved in the packaging of these goods.
Food Packaging Machinery Market- Market Segmentation:
Food packaging machinery market is
segmented on the basis of application type, material type and machinery
type. On the basis of application type, food packaging machinery market
can be segmented into cereals, pulses, oil seeds, fruit and vegetables,
meat, poultry, dairy, marine and bakery. On the basis of material type,
food packaging machinery market can be segmented into glass, metals,
plastics, paper board, paper/plastic laminates. On the basis of
machinery type, food packaging machinery can be segmented into FFS,
labeling and coding, wrapping and bundling, other machinery and spare
parts. FFS constitutes for the major portion of the segment.
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Food Packaging Machinery Market- Market Dynamics:
With the increase in the disposable
income, the demand for packaged and hygienic food has witnessed an
uptick. The expectancy of the product to be safe from the point of
packaging till it arrives in the shelves/ fridges has created an urgent
need for incorporating the latest aspects of technology. The advancement
in technology has led to faster, safer and reliable packaging.
The availability of online ordering of
grocery has helped increase the demand for packaged food as well, giving
the food packaging machinery more scope for expansion. Moreover,
organic foods market has taken the world by storm, giving rise to a new
segment of food products that will positively impact the food packaging
machinery market. Food safety regulatory can impede growth in the
short-term, but they are a necessary check that will help the market
evolve in the long-term.
Food Packaging Machinery Market- Regional Outlook:
In terms of geography, the food packaging machinery market
has been divided into five key regions; North America, Latin America,
Europe, Asia-Pacific and Middle East & Africa. The food packaging
machinery market is expected to exhibit an increase in CAGR during the
forecast period. Asia-Pacific is expected to continue being the dominant
market for food packaging machinery market followed by Europe and North
America. Increase in demand for packaged food products packaging will
in turn instill the demand for the food packaging machinery market
globally.
Food Packaging Machinery Market- Major Players:
Some of the key players in the food
packaging market are Robert Bosch GmbH, Coesia India Private Limited,
Illinois tool works, Inc., GEA Group, Multivac Group, Tetra Laval
International S.A., The Adelphi Group of Companies, AMF Bakery Systems,
Arpac LLC, Lindquist Machine Corporation.
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