Tray Sealing Machines Market

Key Points Covered in Tray Sealing Machines Market Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Tray Sealing Machines Market and How to Navigate
• Recommendation on Key Winning Strategies

2015-2020 Global Tray Sealing Machines Market Outlook Compared to 2021-2031 Forecast

The global tray sealing machines market is primarily driven by the increasing demand for lightweight solutions and ease of packaging. FMI has forecast the tray sealing machines market to rise at 6.0% CAGR between 2021 and 2031.

The global food industry is expanding, in turn creating impressive growth opportunities for key players of the target market. Changing eating habits of millennials have had a significant impact on the sales of tray sealing machines. The consistently rising demand for on-the-go food is creating requisite for small and lightweight packaging formats.

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Tray sealing machines offer easy customization of tray size and superior sealing quality through high barrier packaging films. As a result, the global use of these machines is expected to rise by more than two times.

Rise in sales of tray sealing machines is on cards as they help to reduce consumption of plastic offering lightweight packaging solutions in comparison to bulky packaging alternatives. Besides this, extended shelf life ensures in these lightweight solutions has emerged as their chief sales driver.

As barrier film used in trays and punnet sealing offers good resistance against the environmental factors. They also increase the shelf life of end products, while also providing resistance to tampering.

In the coming years the market will register high demand for vacuum skin packaging (V.S.P.), modified atmospheric packaging (M.A.P.), and general sealing. This will continue creating opportunities for growth through the forecast period.

How are Automated Technologies in Food Processing Bolstering Efficiency?

From farms to restaurants and grocery stores, the food sector encompasses a wide range of businesses. Automation in the process of packaging influences nearly every aspect of food processing in some way.

With the higher involvement of man force in production and packaging facilities, the probability of variation in the final output is high, which is not desirable for packaged food products.

Food processing companies are actively adopting technological advancements to tackle this issue. Automated food processing and packaging machines not only result in minimal or no variation in the final output but also ensure minimal wastage. Other integrated systems, such as seal inspection systems and leakage inspection systems, have attracted end-users.

Food processing companies are readily adopting tray sealing machines or upgrading existing tray sealing machines, thereby propelling growth. Using tray sealing machines for sealing either APET, CPET or PP food trays will make the task easier and assure consumers of viable solutions for healthy meals.

What is the Impact of the COVID-19 Crisis on the Tray Sealing Machines Market?

With the COVID-19 outbreak, globally most of the countries have implemented partial or complete lockdowns to curb the spread of this virus. The global manufacturing industries have been hit hard.

Supply chains for essential items such as food and beverages were largely uninterrupted. The delivery of processed food was moderately impacted, affecting the demand for tray sealing machines.

Tray sealing machines are also used in sealing pharmaceutical products like tablets and capsules with the blister packaging as a sealing material. The pandemic situation has led pharmaceutical industries to manufacture medicines beyond the usual capacity. This is expected to create a positive impact on the increase in the demand for the tray sealing machines.

Country-wise Insights

Why is the U.S. Considered a Highly Lucrative Market for Tray Sealing Machines?

North America is currently a very attractive market during forecast period, according to Future Market Insights. According to the analysis, the U.S. is expected to hold around 80% of market share in North America region by 2031.

As per trade statistics, the U.S. is leading in the global market for import of sealing machines. Key players and end users have imported nearly 9,257 units of packaging machines including tray sealing machines accounting for US$ 1.4 Bn, in 2020.

The U.S. is considered one of the world's largest markets for food, and considered as one of top five countries for seafood packaging. As tray sealing machines offer contamination free packaging, the growth of target markets is expected to reach new heights in the coming years.

Why is the Demand for Tray Sealing Machines Increasing in France?

The tray sealing machines market in the France is expected to expand at a moderate CAGR of 5.0% during the forecast period. The ready meals sector is expected to hold a market share around 11% in 2021. This is attributed to expansion of fast-food channels in the country.

As per the analysis, France is a major market contributing to the growth of global tray sealing machines market for the upcoming decade. Also, the presence of some of the leading players in the country, is creating lucrative opportunities for growth.

The growth for fast food channels is consistently rising with bulk food products such as burger, patties are making use of trays prior to dispatch to fast food outlets, which is forecasted to increase the demand for the global tray sealing machines in the country.

Why is Innovation Key to Succeed in the Germany Tray Sealing Machines Market?

Germany is one of the key producers in the food and beverage sector and it will hold a market share of almost 16.3% in the Europe tray sealing machines market, by the year 2031.

According to the European Commission, the European Union’s food and beverage industry holds the lead in terms of value added to the economy and the number of jobs. The growing preference towards packaged and ready to eat food has increased rapidly. Convenience and spoilage free factors are bolstering demand for tray sealing machines.  

How Will Expansion of the Pharmaceutical Industry Fuel Demand in India?

India will hold a market share of around 44.7% for the South Asia tray sealing machines market by 2031. The expansion of the pharmaceutical industry will present attractive prospects for tray sealing machines sales in India.

According to the India Brand Equity Foundation (IBEF), under the Indian Economic Survey 2021, India’s domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030.

The rising production of pharmaceutical products by India has increased the demand for protective packaging solutions which supports the use of tray sealing machines. Processed food consumption will also create a conducive environment for market players.

Category-wise Insights

How Is Demand for MAP Packaging Affecting Tray Sealing Machines Sales?

The demand for modified atmospheric packaging is rising to increase the shelf life of food products. The vast majority of tray sealing machines available on the market today provide modified atmospheric packaging (MAP). This innovative packaging technique is mostly used for the packaging of fresh product because it enhances the fresh food’s shelf life by approximately one week.

To prevent the degradation of food items, this procedure requires the modification of the atmosphere surrounding the food products using tray sealing machinery. MAP is an effective option for maintaining the quality of international or long-distance trade. As per FMI estimates, this segment is expected to create an incremental opportunity of US$ 1.1 Bn, by the end of 2031.

How are Price Fluctuations for Technology Impacting Sales?

In terms of technology, the automatic and semi-automatic technology of tray sealing machines will account for a market share of 72.4% and 25.1% respectively in the year 2021. Their demand is expected to increase further to optimize processing speed and lead time with minimum human interventions.

The pricing for automatic technology is higher than other segments. North and Latin America and Europe markets offer high pricing for automatic and semi-automatic machines due to the unavailability of material and limited production of tray sealing machines in the market.

Which is the key Application of Tray Sealing Machines?

The meat, poultry and seafood segment is predicted to hold a market share of around 31.8% in 2021 and is expected to remain major consumable application type over the forecast period.

The numerous applications including meat, poultry & seafood, bakery & confectionary, and fresh produce are increasing among consumers. Also, the seal packaging of a product will help the product to maintain the shelf life of end product, supporting demand in the long term.

What Operating Speed is Preferred by Manufacturers in the Tray Sealing Machines Market?

The up to 3 CPM and 4 CPM to 8 CPM segments are expected to hold market share of 33.4% and 27.2% respectively in the year 2021. Key players in the market are adopting 4 CPM to 8 CPM operating speed tray sealing machines as it increases the production while maintaining low costs.

Competitive Landscape

Companies operating in tray sealing machines market are aiming at strategic collaborations and strategic partnerships with other manufacturers to expand their product portfolio.

• In October 2020, ProMach, Inc. acquired Statco-DSI Process Systems, a company engaged in processing systems and engineering services for food, dairy, and beverage industries.
•  In April 2019, Proseal America Inc. launched a new tray sealer with latest technology development and intelligent control system, which provides maximum flexibility, output and reliability.
• Tramper Technology announced the installation of the company’s first tray sealing line in Reykjavik, Iceland for fruit and vegetable distribution.

Scope of Report

Key Questions Answered in the Report

• What is the current valuation of the tray sealing machines market?

  The tray sealing machines market is expected to surpass a valuation of US$ 2.7 Bn by 2021.

• At what rate did the tray sealing machines market expand in the last 5 years?

  The tray sealing machines market exhibited steady growth at 3.5% CAGR in the last five years from 2016 to 2020.

• What is the demand outlook for the tray sealing machines market?

  The tray sealing machines market will register gradual rise in demand after a period of decelerating sales amid COVID-19 in 2020. As per FMI, the market will register a CAGR of 6.0% between 2021 and 2031.

• What are the key trends prevailing in the tray sealing machines market?

  Increasing demand for modified atmospheric packaging and vacuum skin packaging are the key trends in the tray sealing machines market.

• What are the key factors driving tray sealing machine sales?

  The ability to prolong shelf life of fresh produce to accelerate its adoption in the food sector will drive sales in the tray sealing machines market.

• Which countries are key producers of tray sealing machines?

  The U.S., Japan, and Italy are leading manufacturers of tray sealing machines.

• What is the cumulative share of the top five companies in the tray sealing machines market?

  The top five companies operating in the tray sealing machines market are AptarGroup, Inc, John Bean Technologies Corporation (JBT), Omori Machinery Co., Ltd, ISHIDA CO., LTD and others. These companies covered nearly 15% to 20% of the overall market in 2021.

• At what rate will tray sealing machines market grow in Europe?

  FMI has forecast the Europe tray sealing machines market to exhibit a CAGR of 6.1% between 2021 and 2031.

• Which are the top 5 countries exhibiting high demand for tray sealing machines?

  The U.S., Canada, Brazil, Germany, and Italy are among leading markets for tray sealing machines, exhibiting consistently high demand.

• At what rate will the Japan tray sealing machines market grow?

  As per FMI, the Japan tray sealing machines market is expected to rise at 5.4% CAGR between 2021 and 2031, reaching 3.8% of the global market by 2021.

Tray Sealing Machines Market by Category

By Technology:

• Automatic
• Semi-automatic
• Manual

By Application Type:

• Meat, Poultry & Seafood
• Bakery & Confectionary
• Fresh Produce
• Ready Meals
• Sweets & Dry Fruits
• Others

By Operating Speed:

• Upto 3 CPM
• 4 CPM to 8 CPM
• 9 CPM to 12 CPM
• Above 12 CPM

By Packaging Type:

• Modified Atmospheric Packaging (MAP)
• Vacuum Skin Packaging (VSP)
• General Sealing

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• MEA
• Oceania