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Research Reports

Food Packaging Technology and Equipment Market Size, Revenue Share, Drivers & Trends Analysis, 2020–2026 | Reports And Data

According to the current analysis of Reports and Data, the global Food Packaging Technology and Equipment market was valued at USD 40960.0 million in 2018 and is expected to reach USD 68,070.9 million by the year 2026, at a CAGR of 6.5%. There’s a growing demand for food packaging technology in the marketplace for packaging machinery. Companies…

The post Food Packaging Technology and Equipment Market Size, Revenue Share, Drivers & Trends Analysis, 2020–2026 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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According to the current analysis of Reports and Data, the global Food Packaging Technology and Equipment market was valued at USD 40960.0 million in 2018 and is expected to reach USD 68,070.9 million by the year 2026, at a CAGR of 6.5%. There’s a growing demand for food packaging technology in the marketplace for packaging machinery. Companies are increasing research to initiate versatility in these novel filling & dosing machines.  Technological innovations are likely to spice up market growth. However, challenges of floor space and the accuracy of devices act as a barrier for packaging companies, especially within the pharmaceutical landscape. Hence, companies are introducing new liquid unit-dosing cup machines that ensure efficiency in packaging without cutting on the floor space. Food packaging technologies and equipment play an essential role attributable to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and multiple applications. The technology segment for the global food packaging technology & equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Supported equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.

Increased time period and food quality sustainability are the two essential benefits of food packaging, which points towards the rising demand for food packaging technology & equipment. Continuous development in packaging designs, standards, and raw materials concerning the environment by the manufacturers is one of the key factors promoting the market growth. However, the high initial investment for food packaging equipment is anticipated to restrain the growth of the world food packaging technology & equipment market to some extent. Since the beverage end-use segment is anticipated to account for the largest share of the packaging machinery market, organizations are increasing their production capacities to manufacture coffee capsule packaging machines. Sachet packaging systems are growing popularity within the marketplace for packaging machinery. Companies are increasing the provision of end-to-end automated packaging solutions using vertical form-fill-seal technology. On the idea of this technology, companies within the marketplace for packaging machinery are making it possible to group and package sachets in a tamper-evident carton.

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Some of the key market players are Robert Bosch(Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), ARPAC (US), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), and Lindquist Machine Corporation (US)

Segments covered in the report:

For the purpose of this study, Reports and Data have segmented Food packaging Technology and Equipment market on the type, material and region:

On the basis of type, the food packaging technology market has been segmented as follows:

  • Controlled
  • Active
  • Intelligent
  • Aseptic
  • Biodegradable
  • Others (edible and nano-enabled technology)

On the basis of material, the food packaging technology market has been segmented as follows:

  • Metal
  • Glass & wood
  • Paper & paperboard
  • Plastics
  • Others (polysaccharides, proteins, and lipids)

On the basis of application, the food packaging technology market has been segmented as follows:

  • Dairy & dairy products
  • Bakery products
  • Confectionery products
  • Poultry, seafood, and meat products
  • Convenience foods
  • Fruits & vegetables
  • Others (sauces & dressings and condiments)

Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2019-2026)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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Further key findings from the report suggest

  • Food packaging is an important source of competitive advantage for retailers and product manufacturers
  • Packaging technology can be of strategic importance to a company, as it can be a key to competitive advantage in the food industry
  • This may be achieved by catering to the needs and wants of the end user, opening up new distribution channels, providing a better quality of presentation, enabling lower costs, increasing margins, enhancing product/brand differentiation, and improving the logistics service to customers
  • The business drive to reduce costs in the supply chain must be carefully balanced against the fundamental technical requirements for food safety and product integrity
  • The role of the market and the supply chain has increasing significance in the area of packaging innovation and design

Key insights presented in the report:

  • Market revenue shares by major business players, by type, application, and market scope of global Food Packaging Technology and Equipment market
  • Sales revenue by key players and new entrants
  • Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
  • Recent mergers, acquisitions, product launches, recent investments, and joint ventures
  • Regional analysis to provide insight into recent trends and opportunities.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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The post Food Packaging Technology and Equipment Market Size, Revenue Share, Drivers & Trends Analysis, 2020–2026 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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