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Some of the key findings from our tray sealing machinery market forecast report are summarized below
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The global packaging market is expected to grow at a rate of around 7% during the forecast period. The increasing adoption of packaged food items due to rising disposable income of consumers in several countries is identified as a major factor responsible for this rapid growth. The purchasing pattern has also undergone a major change with customers preferring flexible packaging over rigid packaging. There is also an increasing demand for ready-to-eat meals served in trays. These factors are boosting the demand for modified atmosphere packaging (MAP), which, in turn, is driving the tray sealing machinery market growth at a CAGR of almost 6% during the forecast period.
During modified atmosphere packaging (MAP), the surrounding atmosphere of the food product is modified by vacuum, gas flushing, or controlled permeability of the packing. The biochemical, enzymatic, and microbial actions, responsible for food degradation can be controlled by using this packaging procedure. Food packed using MAP does not have to undergo any chemical procedure such as freezing or canning and remain fresh without the need to change temperature. A mixture of oxygen, carbon dioxide, and nitrogen is contained within a high barrier package in MAP. This mixture of gases can be modified according to the respiratory needs of the packaged product. Thus, the shelf life of the food products can be increased considerably through the use of MAP. The global MAP market registered a growth rate of 4.30% in 2017. Since tray sealing machinery is one of the equipment used for MAP, its growing demand will consequently boost the growth of the tray sealing machinery market.
The global tray sealing machinery market is fairly concentrated with the presence of several companies competing for the market share. The market is in the innovation phase and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this tray sealing machinery market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including:
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The manual and semi-automatic tray sealing machines dominated the tray sealing machinery market in 2017. However, advancements in robotics and automation will lead to increased adoption of fully automatic tray sealing machines during the next five years.
The APAC region accounted for the largest share of the tray sealing machinery market in 2017. With increasing investments in the packaging industry and the expansion of various multinational manufacturing companies in the region, the market share of APAC will continue to grow throughout the next five years.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of abbreviations
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