DUBLIN--(BUSINESS WIRE )--The "Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography - Global Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global Food Packaging Equipment Market is expected to reach a value of $25.37 billion by 2029, at a CAGR of 6.0% during the forecast period 2022-2029. By volume, this market is expected to grow at a CAGR of 8.0% from 2022 to reach 12,131.3 thousand units by 2029.
The growth of this market is mainly attributed to factors, such as the increasing integration of automated technologies and flexibility of machinery, the increasing demand for hygienic food packaging, and food manufacturers' growing inclination towards using efficient food packaging products. The growth of the packaged food industry in emerging economies and the growing usage of packaging as a product differentiation tool provide growth opportunities for market players.
The study offers a comprehensive analysis of the global food packaging equipment market concerning type, by application and geography. The study also evaluates industry competitors and analyzes the market at the country level.
In 2022, the form-fill-seal equipment segment is expected to account for the largest share of the global food packaging equipment market. The large share of this segment is attributed to the greater speed and versatility provided by FFS systems for food packaging companies. FFS systems use flexible film to form the primary package, such as a bag or pouch. These systems streamline the packaging process by reducing production time and increasing versatile manufacturing.
In 2022, the vertical form-fill-seal equipment segment is expected to account for the larger share of the global form-fill-seal equipment market. The large share of this segment is attributed to its flexibility to contain an automated assembly-line product packaging system. Vertical form-fill-seal machines are best suited for restrained floorspace and frequent packaging changeovers.
The meat, poultry, and seafood segment is expected to account for the largest market share in 2022. The high growth of this segment is attributed to the rising consumption of processed and frozen meat and seafood. Moreover, the consumption of processed meat products has increased worldwide due to advancements in cold-chain logistics and efficient packaging solutions.
Key Questions Answered in the Report:
Global Food Packaging Equipment Market, by Type
Global Food Packaging Equipment Market, by Application
For more information about this report visit https://www.researchandmarkets.com/r/eoqg4n
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900