Food Packaging Machinery Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR43265
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The food packaging machinery market size has the potential to grow by USD 4.05 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (FFS, labeling and coding, wrapping and bundling, and others) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, and Tetra Laval International SA.

Market Overview

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Market Competitive Analysis

The market is fragmented. Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, and Tetra Laval International SA. are some of the major market participants. Factors such as increased demand for food packaging will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this food packaging machinery market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this food packaging machinery market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Coesia Spa
  • GEA Group Aktiengesellschaft
  • Graphic Packaging Holding Co.
  • Illinois Tool Works Inc.
  • Ishida Co. Ltd.
  • John Bean Technologies Corp.
  • KRONES AG
  • MULTIVAC Sepp Haggenmuller SE & Co. KG
  • Syntegon Technology GmbH
  • Tetra Laval International SA.

 

Food Packaging Machinery Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The increased demand for smart packaging will significantly influence the food packaging machinery market's growth in this region.

48% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the food packaging machinery market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the food packaging machinery market size.

Food Packaging Machinery Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will food packaging machinery market growth during the next five years
  • Precise estimation of the food packaging machinery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the food packaging machinery industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of food packaging machinery market vendors

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Food Packaging Machinery Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2020-2024

USD 4.05 billion

Market structure

Fragmented

YoY growth (%)

2.75

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, and and Tetra Laval International SA.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The food packaging machinery market growth will increase by $4047.08 million during 2019-2024.
The food packaging machinery market is expected to grow at a CAGR of 4.29% during 2019-2024.
Technavio has segmented the food packaging machinery market by type (FFS, Labeling and coding, Wrapping and bundling, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, Tetra Laval International SA are a few of the key vendors in the food packaging machinery market.
APAC will register the highest growth rate of 47.92% among the other regions. Therefore, the food packaging machinery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the food packaging machinery market growth are:
  • Increased demand for food packaging
  • Increased demand for smart packaging
The food packaging machinery market vendors should focus on grabbing business opportunities from the ffs segment as it accounted for the largest market share in the base year.
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