The sales of tray sealing machines across the globe are estimated to reach USD 5.9 billion in 2024 and are anticipated to grow at a CAGR of 3.5% during the forecast period and reach a value of USD 8.2 billion. The revenue created by tray seal machines in 2023 was USD 5.7 billion. The market is anticipated to acquire a Y-o-Y growth of 2.8% during 2024.
Automated tray seal machines gaining huge traction in the current and forecasted period. These machines are expected to acquire more than 3/5th of the industry share by 2024. This is because, automation offers a reduction in errors in the manufacturing process, efficiency in the production process, and a reduction in the cost of production by reducing the employee count. Furthermore, the rising shift towards automation driven by trending AI and machine learning adoption further fuels the market.
Global Tray Sealing Machines Industry Forecast
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 5.7 billion |
| Estimated Size, 2024 | USD 5.9 billion |
| Projected Size, 2034 | USD 8.2 billion |
| Value-based CAGR (2024 to 2034) | 3.5% |
Meat, poultry, and seafood sectors are expected to be the major buyers of tray seal machines. These industries are expected to acquire 1/3rd of the market by 2034. Meat, poultry, and seafood products are easily contaminated and have to be stored in cold conditions. The need for efficient sealing solutions considering their vulnerabilities causes a heightened adoption in the market.
Tray sealing machines that operate with a speed of up to 3 CPM are expected to lead the market in the entire forecast period. These machines offer convenience in terms of cost and production. The recent trends show that manufacturers who are conscious towards the cost of production and investment in novel machinery are increasingly adopting tray seal machines of the range of up to 3 CPM.
The tray sealing machines market experiencing attractive growth during the forecast period. The market is expected to generate a growth opportunity of USD 2.5 billion by the end of 2034. The industry is projected to expand 1.4 times in the same period.
The table provided below presents the poised CAGR for Global tray sealing machines market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 3.1%, followed by a slightly higher growth rate of 3.9% in the second half (H2) of the same year.
| Particulars | Value CAGR |
|---|---|
| H1 | 3.1% (2023 to 2033) |
| H2 | 3.9% (2023 to 2033) |
| H1 | 3.0% (2024 to 2034) |
| H2 | 4.1% (2024 to 2034) |
Moving in the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 3.0% and remain relatively stagnant at 4.1% in the second half. In the first half (H1), the market witness a decline of 10 BPS while in the second half (H2) the market expected to witness an increase of 20 BPS
Development of Compact Table-top Machines to be a Prominent Trend
The automated tray sealing machines are suitable for firms where the output production volume is significantly high. These machines are highly costly and low-end manufacturing firms sometimes can’t afford them. The production speed of these machines is significantly high and sometimes mid-range food and beverage producers are unable to afford them.
The high risk of maintenance further reduces the widespread adoption. The manufacturers of tray sealing machines recently initiated to overcome this dilemma and have started to emphasize their focus towards low-end firms where a major section of food and beverage producers belongs to this category.
Semi-automated tray sealing machines with tabletop sizes have attracted emerging and established low-end, end users in the tray sealing machines sector. Semi-automated machines, in comparison with automated tray-sealing machines, are highly affordable. These machines are efficient and have to spend considerably lower amounts for maintenance. Food items such as seafood, poultry, and meats are consumed daily, especially in regions such as MEA, Europe, and the Americas.
While easily perishable nature of these products and the need for fresh products from the consumer side encourage the industry towards more localization. Hence focusing on these local markets for the manufacturers of tray-sealing machines is crucial. Furthermore, Manufacturers can create various customization opportunities in the products to attract end users and can help to dominate in the competitive market.
Food Processing Industries are Implementing Automated Technologies to Improve Efficiency
Food and beverage sectors are growing rapidly across the globe. Recently, there has been a considerable rise in restaurants, grocery shops, and hotels driven by the growing consumption of food and beverages.
The rapid rise in the industry has further induced to adoption of an online food and beverage delivery culture. The rise in demand for food and beverage items enabled the industry to increase its production and supply chain strength considerably. To address the growing adoption, prominent food and beverage firms have started to adopt automation solutions in the entire production process including packaging.
Implementation of automation reduces constrain which sometimes creates constraints to manufacturers both economically and legally. These include increased wastage, human error in production and packaging, largest production time, and inconsistent production and packaging output. Adopting an automated solution will address these issues effectively and help to get rid of as mentioned issues.
Automated tray sealing machines are gaining popularity in the market, especially in the packaging of products such as meat, poultry and seafood items. These machines often come with integrated systems such as seal inspection systems and leakage inspection systems. Moreover, the adoption of real-time tracking systems and automated diagnosis solutions have also got huge traction in the market.
Food tray materials such as APECT, CPET, and PP have shown considerable adaptability in the current market, and manufacturing tray sealing machines, particularly targeting these materials can amplify sales. Asia Pacific with a leading consumption hub for food and beverage, and the tray-sealing machines sectors can target here especially emerging nations such as India and China.
Shift in Preference for Flexible Packaging Solutions over Rigid Packaging Hamper the Market
Consumers are shifting their preference in the choice of packaging from rigid packaging to flexible packaging. Growing fast-paced lifestyles and on-the-go culture across the globe have enabled this trend. Flexible packages offer benefits such as easiness of carrying and handling and convenience on commute or travel. Today, packaging is not only a system for storage but also provides various means to consumers.
Retailers and packaging end users adopt packages for brand promotion through printing and other means to promote their brand thereby increasing sales. Consumers increasingly seeking convenience and ease of use while selecting a package.
The large section of food and beverage items requires an exceptional oxygen barrier while storing and consuming. Flexible packaging is more convenient in this and causing widespread adoption. Growing flexible packaging adoption in the market considerably hamper the market of rigid packaging including the sales of treys. This trend also negatively affects the market of tray sealing machines.
The global market of tray sealing machines has recorded a CAGR of 1.9% during the historical period ie, 2019 to 2023. The market recorded a value of USD 5.3 billion in 2019 and has positively reached USD 5.7 billion in 2023.
The market of tray sealing machines encompasses a diverse array of materials specifically used for sealing trays which are used to store and transport products such as meat, poultry and seafood, bakery and confectionary, fresh produce, ready meals, sweeteners, and dry fruits.
These machines are available in diverse formats including fully automated, semi-automated and manual machines. The market of tray sealing machines growing attractively growth driven by a rise in consumption of food and beverage items across the globe, which propels the need for more convenient, efficient, and faster production lines causing the adoption of these machinery solutions.
Regions such as North America, Europe, and MEA are the leading consumers of meat, poultry, and seafood items. These food items are contaminated easily and have to be stored and packaged effectively to prevent possible damage. Tray sealing machines unlike traditional man-power packaging solutions, offer exceptional efficiency, lower wastage, minimal operational errors, and faster operation have enabled the producers to adopt them wildly.
In the forecast period, the tray sealing machines sector is anticipated to grow with a CAGR of 3.5% making it an attractive market. Consumption of tray sealing machines with up to 3 CPM operating speeds is expected to dominate in the market and can be observed in the entire course of the market. Considering end use, the sweets and dry fruits are expected to lead the market in terms of growth and are anticipated to grow at a CAGR of 4.1%.
The market is expected to cater to multiple opportunities in the current and future market trends. Especially in emerging markets such as India and China. The larger population in these locations and emerging end-user industrial presence make an attractive geography for both high-end and mid-end machines.
China’s encouraging technology adoption culture further fuels the economic dominance and manufacturers can strategically implement the business in this region. Customization is another trend that attracts both retailers and consumers. Today, offering customization is prominently seen in every industry including machinery. Understanding the specific needs of end users and offering solutions specifically targeting certain product types can help to achieve market growth ever in changing trends.
Tier 1 companies encompasses the market leaders with market revenue exceeding USD 65 million acquiring a cumulative market share of 20-25% of the global market. These market players are characterized by their high production capacity and strict focus on the development of innovative and efficient tray sealing machines. Furthermore, these market leaders are known by their substantial competence in manufacturing across multiple tray sealing machines, wider distribution network across multiple regions and countries with a strong consumer presence.
These manufacturers continuously involved in the investment in development of novel tray sealing machine and continuously updating existing tray sealing with latest industrial standards. Prominent companies within Tier 1 include AptarGroup, Inc, John Bean Technologies Corporation (JBT), Omori Machinery Co., Ltd, ISHIDA CO., LTD and others.
Tier 2 companies include mid-sized players with revenue of USD 33 to 65 million having a strong foothold in specific region and also have selected international presence. These manufacturers offer tray seal machines for multiple end use but may not be used in specialized application.
These players lack diversity in product portfolio and advanced technology offering. Considering Tier 1 companies, Tier 2 companies will have lower global reach and lesser investment in the research and development for the development of novel products. Prominent players in Tier 2 includes Mondini, MULTIVAC, INC., Italianpack S.p.A and others.
Tier 3 includes the small-scale companies or startups operating at the local presence and serving niche markets having revenue below USD 33 million. These manufacturers mainly focused on fulfilling local market demands and hence are characterized by Tier 3 companies. They are small scale players and have limited geographical reach. Tier 3, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
The contents below cover the industry analysis for the tray sealing machines market for multiple countries. Market demand analysis on key countries in multiple regions of the globe including North America, Latin America, East Asia, Western Europe and others are provided.
The United States is anticipated to be the leader in the North American tray sealing machines industry and expected to grow with a CAGR of 2.3% during the forecast period. In Europe, Germany anticipated to lead the market in terms of market share expected to grow with a CAGR of 1.2% during the forecast period.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 2.3% |
| Germany | 1.2% |
| China | 5.8% |
| UK | 1.5% |
| India | 5.7% |
| Japan | 2.1% |
| GCC Countries | 4.7% |
| Brazil | 3.6% |
The tray sealing machines market in India expected to generate USD 318.3 million growth opportunity during the forecast period. The country is expected to capture 43% of the South Asian market in 2024.
Indian Ministry of Food Processing Industries stated that the food processing industry is a prominent segment considering its contribution to the country’s GDP. Also, in terms of employment and exports, the food processing sector is an attractive market due to the rise in population and growing disposable income in the middle-class. The mentioned ministry stated that the food processing sector in India is growing at an average annual growth rate of 7.3%.
This attractive growth is expected to affect the tray sealing machines market positively in the forecast period. Growing startups and cross-cultural dominance in the Indian food sector have motivated the prominent players in the tray-sealing machine market players to invest in the country. It is expected that during the forecast period, India will experience considerable growth adhering to the growing food sector trends.
The USA market for tray seal machines expected to generate an incremental opportunity of USD 168.1 by the end of 2034 of the North American market. It is one of the attractive market for tray sealing machines due to heightened consumption of meat and poultry products.
Organisation for Economic Co-operation and Development stated that the USA average per capita consumption of poultry meat is expected to be 50.9 kilogram in 2029. The country is the second highest consumer of poultry meat after Israel considering per capita consumption. It is expected that the tray sealing machine marker in the USA will experience a positive trend due to growing consumer presence and cross-cultural trends.
The efficient food and beverage quality regulatory bodies in the region enhance consumer confidence in the region. Prominent food processing sectors in the region are adopting effective manufacturing facilities considering hygiene and quality. Tray seal machine manufacturers should adopt the mechanism and facilities to adhere to strict cleaning culture and features to adhere with the stricter FDA regulations.
The section contains information about the leading segment in the tray sealing machine market. Automatic tray sealing machines expected to grow 3.7% during the forecast period. Tray seal machines 9 to 12 CPM operating speed expected to grow at a rate of 4.1%.
| Technology | Automatic |
|---|---|
| Value Share (2034) | 73.8% |
Automatic tray seal machines among other type of tray seal machines expected to dominates the market during the forecast period. The automatic tray seal machines poised to grow at a CAGR of 3.7% during the forecast period and generating an Incremental opportunity of USD 1.8 billion by the end of the forecast period.
Automatic tray seal machines even though its cost constrain, expected to dominate the global market. Rise in need for convenient and efficient tray sealing machines shift the adoption of automated tray seal machines.
Manual tray seal machines have lower production capacity and often need larger work force to operate while the adoption of automated solution can reduce the need of larger work force and increase the production capacity. Automated machines are highly consistent considering quality while manual based machines often faces multiple issues pertaining human and machine errors.
Semi-automatic tray seal machines are expected to capture a considerable market share during the forecast period. This is due to the adoption of mid-range consumers due to cost constraints. Semi-automated tray seals have considerable production capacity and are efficient. The targeted segment is anticipated to grow with a CAGR of 2.9% during the forecast period.
| Operating Speed | 9 to 12 CPM |
|---|---|
| Value CAGR (2034) | 4.1% |
9 to 12 CPM-based tray seal machines are expected to dominate the tray seal machines market considering the growth rate. These machines are characterized by their exceptional production capacity and speed. It is expected that global food consumption will grow rapidly due to the rise in population and increase in disposable income.
The consumer sectors in the tray seal machines market have started to improve production capacity and speed to adhere to the trending market landscape. Regions such as North America and Asia Pacific are expected to adopt these machines dominantly due to the largest consumer presence.
Up to 3 CPM-based machines are expected to dominate the market in terms of market share. This is because these machines are cost-effective considering other types of machinery in this market. The mid-level and unorganized market players are focusing on the low-budget machinery which propels the adoption of the 3 CPM machineries. Up to 3 CPM-based tray seal machines are expected to grow with a CAGR of 3.2% during the forecast period.
Key players of the tray seal machines market are manufacturing and launching novel products in the market. They are collaborating with multiple end user firms to expand their geographical reach.
Key Developments in Tray Seal Machinery Industry
In terms of technology, the industry is divided into automatic, semi-automation and manual tray sealing machines.
In terms of application type, the industry is divided into meat, poultry and sea food, bakery and confectionary, fresh produce, ready meals, sweets and dry fruits, and others.
In terms of operating speed, the industry is divided into up to 3 CPM, 4 to 8 CPM, 9 to 12 CPM, and above 12 CPM.
In terms of packaging type, the industry is divided into MAP, VSP and General Sealing.
In terms of region, the industry is divided into North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA.
The tray seal machines industry is projected to witness CAGR of 3.5% between 2024 and 2034.
The global tray seal machines industry stood at USD 5.7 billion in 2023.
Global tray seal machines industry is anticipated to reach USD 8.2 billion by 2034 end.
South Asia is set to record a CAGR of 4.2% in assessment period.
The key players operating in the tray seal machines industry are AptarGroup, Inc, John Bean Technologies Corporation (JBT), Omori Machinery Co., Ltd, ISHIDA CO., LTD and others.
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Tray Sealing Machines Market
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