Global “Food Packaging Equipment ” study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.
Market Analysis and Insights: Global Food Packaging Market
Due to the COVID-19 pandemic, the global Food Packaging Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Food Packaging Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.
The global food packaging equipment market size was valued at USD 17.43 Billion in 2019 and is projected to reach USD 23.03 Billion by 2027, exhibiting a CAGR of 3.6% during the forecast period
Food Packaging Market Regional Analysis:
Moreover, This report focuses on Food Packaging Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Top companies in the Global Food Packaging Market research report include:
- OPTIMA Packaging Group GmbH (Schwaebisch Hall, Germany)
- ARPAC LLC. (Illinois, U.S)
- GEA Group Aktiengesellschaft (Düsseldorf, Germany)
- Tetra Pak International S.A. (Pully, Switzerland)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)
- Coesia S.p.A. (Bologna, Italy)
- Illinois Tool Works Inc. (Illinois, U.S)
- Robert Bosch Packaging Technology GmbH (Waiblingen, Germany)
- Krones AG (Neutraubling,Germany)
- MULTIVAC (Wolfertschwenden, Germany)
Strong Government Backing to Food Packaging Industry to Fuel the Asia Pacific Market
Asia Pacific, where the market size stood at USD 5.72 billion in 2019, is expected to occupy a commanding market position during the forecast period as governments across the region are providing strong policy and financial support to the food processing and packaging industry. For instance, India’s National Investment Promotion & Facilitation Agency expects the processed food industry will attract investments worth USD 33 billion by 2024.
In Europe, the market is anticipated to showcase lucrative growth as manufacturers in Europe are increasingly adopting advanced food packaging equipment to comply with the stringent food safety standards framed by the European Union (EU). On the other hand, the market in North America is predicted to grow steadily on account of high demand for ready-to-eat convenience foods across the region.
- By Equipment Type (Value)
- Case Cartoning
- By Application (Value)
- Bakery and Confectionery Products
- Meat and Poultry Products
- Dairy Products
- Others (Grains, Fruits, Nuts and Vegetables, etc.)
- By Region (Value)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
COVID-19 Outbreak Impact Analysis on Food Packaging Market
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.
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Food Packaging Market Historical Data:
- Industry Trends: Global Revenue, Status and Outlook.
- Market segment: by types, by applications, by regions / geography.
- Competitive landscape: for producers, development trends.
- Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
- Sales revenue: market share, growth rate, current market analysis.
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Frequently Asked Question-
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