There is a growing demand for food products globally due to several factors. These include: population growth, increasing disposable income, and rising awareness on health and wellness among older and younger populations. These factors have not only contributed to the greater need for processing and packaging equipment, but also forced food processors to look for advanced technologies that are more efficient and offer higher production output compared to the traditional machines. In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in the food and beverages processing and packaging equipment market are explored in detail with an emphasis on key growth factors across end-application segments, global and regional market trends, technologies, and product innovations. Global food and beverages processing equipment market revenue is expected to record a compound annual growth rate (CAGR) of 4.6% by 2022 to reach $56,434.2 million, with significant demand for equipment across different end applications. The global food and beverages packaging equipment market revenue is expected to record a CAGR of 5.9% by 2022 to reach $22,166.8 million. Top participants in the global food and beverages processing equipment market—GEA, Illinois Tool Works, Buhler, Alfa Laval, Tetra Pak, John Bean Technologies, and Marel—hold a 26.1% market share. Top participants in the global food and beverages packaging equipment market—Krones AG, Sealed Air Corp, Sidel, Bosch Packaging Technology, and Tetra Pak—hold a 65.4% market share.
This research covers the global food processing and packaging equipment market. The regions covered in the study include North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) (Middle East and Africa).
The study is segmented into different end applications such as beverages; fruits and vegetables; meat, fish, and poultry; grains; industrial bakery; and dairy.
The equipment scope includes all processing and packaging machineries/equipment used across different end applications. Processing equipment includes cooking kettles, filters, homogenizers, pasteurizers, mixers/blenders, fruit presses/pulpers/juicers, holding tanks, separators, brine injectors, dough dividers and rounders, purifiers, and many more. Packaging equipment include aseptic packaging/filling, FFS (form, fill, seal) packaging machines, bottling, canning, and others.
Key Issues Addressed
- What is the future of the food processing and packaging equipment market, and what are the key challenges that will impact the market in future?
- How do macroeconomic factors determine the necessity for advances in technology and new product innovations, and how do they impact the What are the most important technology innovations across food processing and packaging segments that will record the highest growth, and how are these likely to change in future?
- What are the primary consumer factors that will contribute to the overall growth and growth mix in the food processing and packaging equipment market across different end applications?