Global Food Packaging Equipment Market Size, Share, Growth Analysis, By Equipment(Filling, Bottling), By Application(Bakery and Confectionery Products, Meat and Poultry Products) - Industry Forecast 2024-2031

Global Food Packaging Equipment Market size was valued at USD 20.10 billion in 2022 and is poised to grow from USD 20.82 billion in 2023 to USD 27.63 billion by 2031, growing at a CAGR of 3.6% during the forecast period (2024-2031).

In the food packaging sector, food packaging equipment plays a crucial part in processes such as labelling, sealing, palletizing, and combining. These advanced devices are used in the beverage, meat processing, and pastry industries. To improve user experiences, industry participants are carefully developing cutting-edge technology-driven products. One example of this is the announcement made by Tetra Pak in April 2019 of a novel linked packaging platform that revolutionizes user engagement by turning milk and juice cartons into interactive information conduits. Strict regulations govern the food industry's operations to provide a hygienic and safe environment during packing. A growing number of governments across the globe are passing legislation and regulations pertaining to the cleanliness of food equipment because of concerns about foodborne illnesses. The Food Safety Modernization Act (FSMA), which was implemented by the Food and Drug Administration (FDA) in 2011, gave the agency the power to audit foodservice providers, recall products, and suspend production. In a similar vein, the European Union (EU) established the "food contact materials" safety concept, which requires materials that come into touch with food-such as dishes, packaging, processing equipment, and cutlery-to meet strict regulatory regulations set forth by the EU. By encouraging food makers to carefully consider food hygiene when designing and implementing equipment, this directive strengthens the industry's commitment to upholding the highest levels of quality and safety.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Food Packaging Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Food Packaging Equipment Market Segmental Analysis

Based on equipment, application, and geography, the global market for food packaging equipment is divided into segments. The market is divided into segments according to equipment: filling, bottling, case cartoning, labelling, and palletizing. The market is divided into categories based on application, including dairy goods, drinks, meat and poultry products, bakery and confectionery items, and others. The market is divided into the following regions: Asia-Pacific, Africa, Latin America, Europe, North America, and the Middle East.

Drivers of the Global Food Packaging Equipment Market

The need for packaged goods is rising due to urbanization and industrial growth, which calls for effective and automated packaging solutions.

Restraints in the Global Food Packaging Equipment Market

It can be difficult and time-consuming to integrate new technology and machinery into already-existing production lines, which can reduce operational efficiency in the process.

Market Trends of the Global Food Packaging Equipment Market

A move toward sustainable packaging solutions, like biodegradable materials and less packaging waste, is being driven by rising environmental consciousness.