02 August 2018
Visiongain’ has launched a new Food report Global Food Packaging Equipment Market 2018-2028: Form-Fill-Seal, Labelling & Coding, Wrapping & Bundling, Beverages, Bakery & Confectionary, Dairy & Frozen Desserts, Meat & Seafood, Snacks, Others
The food packaging equipment market has intense competition due to the presence of large number of large- and small-scale firms. Expansions & investments, new product launches, partnerships, and agreements & joint venture were some of the main strategies adopted by the market players to achieve growth in the market. Growth in technology has led to the emergence of innovative food packaging equipment to maintain the efficacy, flavour, and taste of food products. Moreover, growth in purchasing power, rise in number of online grocery orders, and wide consumer base of on-the-go consumer further fuels the demand for packaging, which in turn is expected to drive the market.
The visiongain report analyst commented “A major factor for the growth of the market is rising demand for labelling and coding. The growing need for shippers to accurately track food products has led to an increase in the demand for labelling and coding products. Radio-frequency identification tags are used to track and secure non-durable goods. The need to prevent counterfeiting is also one of the major drivers of the demand for technologically advanced labelling and coding machines.
One of the major challenges confronting the global food packaging equipment market is rapid fluctuation in raw material prices. These uncertainties in raw material prices have an adverse effect on food packaging equipment manufacturers, which reduces their profitability. High cost of development and installation of food packaging equipment in most of the developing countries, stringent legislations for food safety, and energy-inefficient packaging equipment and machinery hamper the market growth.”
Leading companies featured in the report include Arpac LLC, Bosch Packaging Technology, Coesia, Buhler AG, GEA Group, IMA Group, Ishida, Krones AG, Multivac, Nichrome India Ltd.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The increasing consumer appetite for perishable items and processed (frozen) food across the globe is expected to boost the refrigerated warehousing market’s growth in the coming years.
23 August 2021
Discover the most lucrative areas in the industry and the future market prospects. Our new study lets you assess forecasted sales at overall world market and regional level.
18 June 2021
Growing demand for feed additives for the livestock is a major factor driving the market growth of threonine acids. Rise in the application of threonine acids in major industries such as dietary supplements, pharmaceuticals among others is also a major factor driving the market growth.
05 March 2021
Growth in health and wellness among the consumers is a major factor resulting in the rise in the demand for synbiotics. Further rising demand for functional foods is also a major factor triggering the overall market growth.