Food Packaging Technology Market worth $46,694.4 Million and Food Packaging Equipment Market worth $19,215.4 Million by 2019, According to a New Study on ASDReports

Thursday 18 September 2014, Amsterdam

This report, now available on ASDReports, "Food Packaging Technology & Equipment Market by Technology (Controlled, Active, Advanced, Intelligent, Aseptic), by Equipment (FFS, Labeling, Coding, Wrapping, Case Packaging), by Application and Geography - Trends &Forecast to 2019" defines and segments the food packaging technology & equipment market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of types and applications. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and the market size is forecasted on the basis of key regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The key countries are covered with the market size and trends projected for each region.

This research report includes the market for both, the technology and the equipment used for packaging of food products. The market for packaging technology is projected at a CAGR of 6.1%, while for the packaging equipment market it is projected at a CAGR of 4.8% from 2014 to 2019. Rise in health concerns among consumers, coupled with rigorous stringent food safety regulations, is driving the market for food packaging technology.

Food packaging applications mainly comprise dairy products, bakery & confectionery products, poultry, meat & seafood, convenience foods, fruits & vegetables, and others. The convenience foods sector is one of the major contributors to the technology as well as equipment markets.

The global food packaging technology market is projected to reach a value of $46,694.4 million by 2019, at a CAGR of 6.1% from 2014 to 2019; whereas, the global food packaging equipment market is projected to reach $19,215.4 million by 2019, at a CAGR of 4.8% from 2014 to 2019.