Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography - Global Forecasts to 2029

The Food Packaging Equipment Market is expected to reach a value of $25.37 billion by 2029, at a CAGR of 6% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 8% from 2022 to reach 12,131.3 thousand units by 2029.The increasing integration of automated technologies and flexibility of machinery, the increasing demand for hygienic food packaging, and food manufacturers’ growing inclination towards using efficient food packaging products are some of the major factors driving the growth of this market. The growth of the packaged food industry in emerging economies and the growing usage of packaging as a product differentiation tool provide significant growth opportunities for market players.

Impact of COVID-19 on the Global Food Packaging Equipment Market

The outbreak of the COVID-19 pandemic resulted in panic buying among consumers, which increased the demand for basic commodities, including food products. The increased consumption of food products significantly decreased the availability of grocery items at retail stores. Also, disrupted supply chains, labor shortages, and the increased demand for high volumes of raw materials created new challenges for the food industry. However, the situation gradually improved in 2021. Moreover, food packaging equipment manufacturers and food processing facilities started focusing on automating packaging processes.

In 2020, the food sector faced huge losses due to the ban on imports & exports, travel, and tourism. Major food-exporting countries, including the U.S., Germany, the U.K., China, France, Canada, and Japan, faced losses due to restrictions on logistics and disrupted supply chains in end-user countries. The situation was severe in the first and second quarters of 2020 but started to normalize towards the end of 2020. By 2021 the situation improved noticeably with relaxations in government restrictions, leading to elevated demand for food products and increased commodity prices, which supported the recovery of the food packaging equipment market. Additionally, local manufacturing facilities that were temporarily shut down in the first six months of 2020 resumed operations from the third quarter due to the end of lockdowns and the need for economic growth.

The complete ecosystem of the food industry, from raw material providers to food-service & delivery companies, was severely impacted by the pandemic. As a precautionary measure, the food industry started deploying automated systems to minimize manual contact with the final products. The industry is, however, expected to gain further traction in 2022. Thus, the need to limit human contact for curbing the further spread of COVID-19 is projected to result in the implementation of automated food packaging equipment across various F&B processing facilities globally.

                                                       Click here to: Get Free Sample Pages of this Report 

Increasing Integration of Automation Technologies and Flexibility of Machinery

Rapid technological advancements, increased consumer expectations, and stringent regulations for improving food quality & safety have encouraged food products manufacturers to consider automating food packaging processes. As a result, food manufacturers are focused on innovating and providing conveniently packed food products to consumers.

Advanced food packaging solutions make food products easy to open & handle and offer portability and resealability. Besides, other packaging features, such as micro-perforation and low material weight, are driving the demand for food packaging equipment for a wide range of food products, such as snacks, meat & poultry products, candy bars, chocolates, sauces, processed fruits & vegetables, and dairy products. This rising demand has encouraged food packaging equipment manufacturers to invest in R&D to develop advanced packaging technologies. They are also focused on developing easy-to-handle food packaging and integrating automation technologies and machinery to improve the convenience of packaged foods.

Food processing is highly labor-intensive, with labor costs accounting for 20–40% of the product cost. Improving productivity and reducing labor costs can positively impact profitability. In the food industry, machines are majorly used for packaging and labeling. The food industry must comply with stringent government rules and maintain safety and hygiene during food packaging. Furthermore, governments worldwide are implementing laws & regulations for food equipment hygiene due to the rising prevalence of foodborne diseases, which has boosted the adoption of modern technologies, including the Internet of Things (IoT) and Big Data in the food packaging industry.

IoT technology enables achieving the highest level of food safety by allowing food manufacturers to track food products from production facilities to stores. Smart packaging is increasingly being implemented in factories, enabling companies to embed sensors for tracking environmental conditions throughout the supply chain and ensure optimum food quality & safety. Moreover, advancements in interactive packaging are also expected to enhance food protection. Thus, the increasing integration of advanced automation technologies and flexibility of machinery is expected to further boost the demand for food packaging equipment globally, driving the growth of this market.

Key Findings in the Global Food Packaging Equipment Market Study:

Case Packing Equipment Segment Projected to Grow at Highest CAGR During Forecast Period

Based on type, the form-fill-seal equipment is expected to account for the largest share of the global food packaging equipment market in 2022. However, the case packing equipment segment is expected to grow at the highest CAGR during the forecast period. Factors such as higher production volumes in a shorter duration, improved food safety, lowered company expenses—leading to reduced labor cost, and reduced risk of potential bottlenecks and downtime are driving the growth of this segment.

Vertical Form-fill-seal Equipment Segment Projected to Grow at Faster Rate During Forecast Period

Based on form-fill-seal equipment type, the vertical-form-fill seal equipment segment is expected to grow at a faster rate during the forecast period. The high growth rate of this segment is attributed to its flexibility to contain an automated assembly-line product packaging system. Vertical form-fill-seal machines are best suited for restrained floorspace and frequent packaging changeovers. They are ideal for packing produce (salad leaves), cereal (bag in box), meats, and poultry. Their simplified design constitutes an easier and faster system to clean.

Meat, Poultry, and Seafood Segment Holds Largest Market Share and Expected to Grow at Significant Pace During Forecast Period

Based on application, the meat, poultry, and seafood segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to the higher usage of vacuum and MAP sealed trays in meat, poultry, and seafood product packaging for aesthetic appeal. The packaging for meat, poultry, and seafood is done in two ways, flexible or rigid packaging. The most common retail fresh meat cuts packages in western countries are polystyrene foam or clean plastic trays overwrapped with a transparent film. The use of blotter underneath eliminates the accumulation of excessive meat juices.

Extruder & Puffed Snacks Segment to Grow at Highest CAGR During Forecast Period

Based on snack food type, the extruder & puffed snacks segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to the high-fat content of snack food products and the associated problem of rancidity in some of the packages. In order to ensure a longer shelf-life, oxygen inside the package is replaced by an inert gas, such as nitrogen; thus, the packaging material must be physically strong to withstand the processes of vacuuming/gas flushing.

Asia-Pacific to be Fastest-growing Regional Market

Asia-Pacific is expected to account for the largest share of the food packaging equipment market in 2022 and is also expected to grow at the highest CAGR during the forecast period. The high market growth in Asia-Pacific is attributed to the growing application of packaged foods and the high concentration of locally available packaging equipment manufacturers. The market is driven by the increasing demand for processed food products in emerging and developing countries, such as India, China, South Korea, and Australia.

Furthermore, this region is witnessing tremendous growth in its food & beverage industry due to increasing urbanization, growing health awareness, and rising disposable income levels. Also, understanding the changing regulatory environment and shifting consumer preferences also provides growth opportunities for market players operating in the region.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the food packaging equipment market over the last four years.

The key players profiled in the food packaging equipment market are Syntegon Technology GmbH (Germany), Coesia S.P.A (Italy), GEA Group Aktiengesellschaft (Germany), MULTIVAC Group (Germany), IMA Group (U.S.), Krones AG (Germany), Tetra Laval Group (Switzerland), OPTIMA Packaging Group GmbH (Germany), ARPAC LLC (U.S.), Ishida Co. Ltd (Japan), Omori Machinery Co. Ltd. (Japan), and TNA Solutions Pty Ltd. (Australia).

Scope of the Report

Food Packaging Equipment Market, by Type

• Form-fill-seal Equipment
  • Horizontal Form-fill-seal Equipment
    • Pouch Packaging
    • Other Packaging Form
  • Vertical Form-fill-seal Equipment
    • Pouch Packaging
    • Other Packaging Form
• Cartoning Equipment
• Filling & Dosing Equipment
• Wrapping & Bundling Equipment
• Case Packing Equipment
• Labeling & Coding Equipment
• Inspecting, Detecting, and Check Weighing Machines
• Other Equipment

Food Packaging Equipment Market, by Application

• Dairy
• Bakery
• Chocolate & Confectionery
• Fruits & Vegetables
• Meat, Poultry, and Seafood
• Snack Food
  • Chips
  • Extruder & Puffed Snacks
  • Nuts & Seeds
  • Others
• Others

Food Packaging Equipment Market, by Geography

• Asia-Pacific (APAC)
  • China
  • Japan
  • Australia
  • India
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U. K.
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe (RoE)

• North America
  • U. S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa

Key Questions Answered in the Report: