Food Packaging Machinery Market Shares, Strategies

According to the latest report from Precision Business Insights (PBI), the global food packaging machinery market is expected to be worth USD 18,949.0 million in 2022, growing at a CAGR of 6.1% from 2022 to 2028. of packaged and hygienic foods has increased as people’s incomes have increased. The expectation that a product is safe from the time it is packaged until it reaches the shelves/refrigerators has produced a pressing need to incorporate advanced technologies. Food packaging machines are in high demand due to advances in technology that have enabled faster, safer and more reliable packaging. Additionally, other companies are focusing on expansion to keep the global food packaging market growing. For example, in 2020 Record SpA of Italy (Lecco) became part of the IMA group of companies expanding the group’s wide range of flexible packaging solutions and automated feeding systems.

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Horizontal form, fill and seal equipment is expected to significantly increase the food packaging machinery market:
The horizontal form, fill and seal equipment segment is expected to account for a major share of the global food packaging market which is expected to reach approximately USD 20 million by 2028. Horizontal form, fill and seal equipment, this equipment is mainly used for packaging sachets like drinking dairy products, chocolate bars. Additionally, other benefits of horizontal form, fill and seal equipment are that they optimize total cost of ownership and allow greater flexibility in production sizes and shapes. It also gives the manufacturer full control over their packaging process.

Asia-Pacific leads the food packaging machinery market:
Asia-Pacific holds the largest global food packaging machinery market share and the market is expected to grow at a significant CAGR over the forecast years owing to the increase in demand of the population for food products packed associated with the increase in the number of working women. population across India, China and Japan. Moreover, the demand for packaging machinery in China is expected to grow in the coming years owing to the increase in the number of food packaging industries across the country.

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Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
Global Food Packaging Machinery Market further reveals that major players are increasingly adopting strategies such as new product launches, product launches, and long-term alliance to enhance the market revenue share and gain a significant geographic presence in the region. For example, in April 2021, the company launched the latest version of its SKIN PowerPak SKIN.50 thermoforming packaging technology which provides vacuum and MAP packaging on the same machine.

Detailed segmentation:
On the basis of machine type, the market is segmented as follows:
• Horizontal forming, filling and sealing equipment
• Vertical forming, filling and sealing equipment
• Thermoforming equipment
• Modified atmosphere packaging equipment
• Automated loading equipment

On the basis of technology, the market is segmented as follows:
• Manual
• Semi-automatic
• Automatique

Application Methodology:

The profiles of key players in the Food Packaging Machinery Market report are Robert Bosch (Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), ARPAC (States United States), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (United Kingdom), Kaufman Engineered Systems (United States).

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This press release was published on openPR.

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