Food Packaging Equipment Market Outlook from 2024 to 2034

The food packaging equipment market size expects a considerable valuation bump, from USD 19.8 billion in 2024 to USD 24.9 billion in 2034. The updated report points to a CAGR of 2.3% CAGR from 2024 to 2034. As the on-the-go food packaging sector is augmented, the demand for food packaging equipment is also anticipated to develop in the packaging sector.

The food industry operates in a fast-paced and ever-evolving environment, and the food packaging equipment market is constantly adapting to keep pace. Food packaging equipment plays an integral role within the global industry, ensuring that food products are effectively delivered and protected throughout the supply chain.

Packaging machines perform a wide range of essential tasks, from precisely wrapping and sealing food items to applying vital information through scripting and stuffing.

The primary function of food packaging equipment within the food packaging industry is to ensure the durability and integrity of food products during distribution. This not only protects the food itself but also safeguards consumer health and safety.

Several key trends are propelling the growth of the food packaging equipment market. One influential factor is the rise of urbanization. As more people move to urban centres, the demand for convenient, on-the-go meals increases. Food packaging equipment plays a vital role in such space, enabling the production of these single-serve or grab-and-go food options safely and efficiently.

Attributes Details
Food Packaging Equipment Market Size (2024E) USD 19.8 billion
Food Packaging Equipment Market Projected Size (2034F) USD 24.9 billion
Value CAGR (2024 to 2034) 2.3%

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Food Packaging Equipment Market Dynamics

The heightened consumer awareness of hygiene is another aspect of the food packaging equipment market. Consumers are increasingly demanding food products packaged in a way that minimizes contamination and ensures product safety.

Food packaging equipment manufacturers are responding to this by developing innovative solutions that promote hygiene throughout the packaging process.

Due to advancements in packaging, the creation of aesthetically pleasing and practical forms, and rivalry among food producers for effective equipment to make these creative packages at scale, the global food packaging equipment market is anticipated to expand during the next decade.

According to the research accomplished by FMI, rising disposable incomes and the burgeoning online grocery market are acting as catalysts for growth within the food packaging equipment market.

As consumers become more comfortable purchasing food online, the need for robust and secure packaging solutions intensifies. Food packaging equipment manufacturers are well-positioned to address this growing demand by developing equipment that can handle the unique challenges of e-commerce fulfillment.

Nevertheless, there are challenges in the way of further expansion. The environmental effect of conventional packaging materials is one of the major issues facing the food packaging equipment business. Despite being widely utilized, plastic foils, wrappers, metal containers, and cardboard can cause environmental issues such as soil pollution due to their inability to break down.

Governments everywhere to combat packaging waste and encourage recycling are enacting stricter laws. Manufacturers of food packaging equipment may find it difficult to comply with these laws at times since they may forbid the use of specific materials or require the inclusion of recycled content.

Additionally, more research and development in the food packaging equipment industry is required, due to worries about possible chemical migration from recycled materials into food items.

The outlook for the global food packaging equipment market appears optimistic. As the food industry continues to evolve, the need for reliable and advanced food packaging equipment will remain paramount.

By staying at the forefront of technological advancements and addressing the changing needs of consumers and food producers alike, the food packaging equipment market is well-positioned for continued growth and innovation in the years to come.

Country-wise Insights

Food Packaging Operation in the United States Grows with Innovation

The necessity for effective solutions that can endure the varied environment of the United States is driving the demand for food packaging equipment and ensuring that food items retain their integrity throughout the supply chain. Manufacturers provide a range of applications in the food sector, such as fresh produce, meat, poultry, baked products, and confections.

The continued growth of the food packaging equipment industry in the United States is fueled by technological improvements. Such specialized consequences are leading to the development of innovative packaging solutions and cutting-edge food packaging equipment.

Food packaging equipment plays a vital role in preserving the taste, flavor, and quality of food products, minimizing spoilage, and maximizing shelf life. By focusing on innovative solutions that address the specific needs of the food industry in the United States, food packaging equipment manufacturers can ensure their continued success in the region's dynamic landscape.

Need for On-the-go Packaging Machine Blooms in China

The demand for food packaging equipment in China is expanding significantly as a result of the country's fast urbanization and rising need for quick meals. The market is essential to the nation's expanding food packaging sector because it makes it possible to produce single-serve or grab-and-go meal alternatives effectively and hygienically.

Food goods packed to reduce contamination and maintain product integrity are in high demand as Chinese customers become more conscious about food safety and cleanliness. Manufacturers of food packaging equipment are coming up with creative ways to encourage cleanliness throughout the packaging process, such as cutting-edge sealing technology and sanitization protocols.

China's food packaging equipment sector is expected to experience growth due to factors like urbanization and hygiene focus. The industry is well-positioned for expansion and innovation due to its focus on technological advancements and meeting the evolving needs of food producers.

India Skyrockets the Demand for Food Packaging Equipment

The food packaging equipment industry in India is expanding as living standards rise and people lead more hectic lives. There is a big possibility for the industry since consumers are looking for greater ease in the preparation and storage of food.

The food industry in India may be revolutionized by using cutting-edge machinery to create creative packaging solutions that extend the shelf life and convenience of ready-to-eat meals.

India's ready-to-eat meal trend and more stringent food safety laws are projected to propel growth in the food packaging equipment market. The need for effective and adaptable machinery is essential to generating tamper-proof, sanitary, and superior packaging solutions.

Producers are creating cutting-edge technology to meet changing safety regulations, making sure the sector stays flexible and competitive in India.

The food packaging equipment sector in India is expected to experience significant growth due to the demand for smart packaging, rising consumer convenience needs, and stricter food safety regulations. Manufacturers must invest in cutting-edge technologies to shape the future of food packaging in India.

Ismail Sutaria
Ismail Sutaria

Principal Consultant

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Category-wise Insights

Wrapping and Bundling Equipment Wraps up a Significant Share of Industry

The global food packaging equipment market is experiencing substantial growth due to the expanding food processing industry and the increasing diversity of food products available to consumers.

As food manufacturers develop new and innovative items, the market is called upon to create specialized packaging solutions to meet their unique needs. This diversification necessitates a wider range of food packaging equipment, including case handling, cartoning, filling, dosing, labeling, coding, and palletizing, all of which play a crucial role in ensuring food reaches consumers safely and efficiently.

The growing popularity of bundled and wrapped food items is expected to further propel the market, necessitating equipment that can efficiently and securely bundle or wrap various food products, promoting convenience and ease of handling for consumers.

The food packaging equipment market will play a critical role in ensuring these products reach consumers in a safe, secure, and appealing manner.

Rising Demand for Bakery and Confectionery Items Buds in Food Packaging Sector

The bakery and confectionery sectors are experiencing a surge in demand for innovative, visually appealing, and convenient packaging for their products. Manufacturers are developing advanced equipment to produce these new packaging solutions, aiming to differentiate their products on store shelves.

The food packaging equipment market is thriving due to consumer and manufacturer-centric factors, as companies strive to produce high-quality, eye-catching packaging that protects their products while promoting brand identity.

The booming online grocery market and rising purchasing power are expected to further propel the demand for packaged bakery and confectionery goods, as food packaging equipment plays a vital role in producing robust and secure packaging solutions.

Competitive Landscape

The food packaging equipment market is witnessing a dynamic shift as key players strategically maneuver to capture a larger share. To meet the burgeoning demand for stylish and sustainable food packages, established companies are actively pursuing growth strategies.

Mergers and acquisitions are emerging as a popular tactic. This allows them to expand their resource pool, acquiring new manufacturing capabilities or design expertise.

For instance, a major food and beverage corporation might acquire a smaller company known for its innovative, eco-friendly materials. Such a combined entity would be well-positioned to offer a wider range of products, catering to the diverse needs of food producers and consumers.

Furthermore, key players are investing in facility upgrades to enhance their production capacity and meet the growing market demand. By adopting these strategic approaches, the food packaging equipment market is poised for continued growth, with companies offering increasingly sophisticated and sustainable solutions for food conveyance.

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Food Packaging Equipment Market by Category

By Product Type:

In terms of product types, the market encompasses palletizer, labelling and coding equipment, filling and dosing equipment, closing equipment, wrapping and bundling equipment, cartoning equipment, and others.

By Application:

The industry is segmented into dairy products, meat, poultry and seafood, bakery and confectionary, cereals and grains, beverages, and others, based on the application.

By Region:

As per region, the industry is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

Frequently Asked Questions

What is the Global Food Packaging Equipment Market reported by FMI for 2024?

The food packaging equipment market is valued at USD 19.8 billion for 2024.

What is the Food Packaging Equipment Market Valuation expected for 2034?

The food packaging equipment market valuation is expected to be USD 24.9 billion by 2034.

What is the Projected CAGR for the Food Packaging Equipment Market from 2024 to 2034?

The value of CAGR for the food packaging equipment market is estimated to be 2.3%.

Which Segment type will Garner Significant Value Share in 2024?

The wrapping and bundling equipment segment would garner a significant market value share in 2024.

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