The packaging process is based on technology and equipment which is used for preserving products, ease the distributing method, avoid contamination, and to differentiate between brands and varieties of products. The application of food packaging is dependent on its functional properties such as protection, containment, safety, and environmental standards. Due to rising awareness about consumption of healthy food products, there are very less number of food products which were sold unwrapped. Adoption of effective and advanced packaging techniques has increased in the manufacturing of fancy and unique shaped products with standard quality.
Food packaging technologies and equipment plays a vital role owing to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and numerous applications. Technology segment for global food packaging technology & equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Based on equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.
Increased shelf life, and food quality sustainability are the two essential benefits of food packaging which points towards rising demand for food packaging technology & equipment. Continuous development in packaging designs, standards, and raw materials concerning the environment by the manufacturers is one the key factors promoting the market growth. However, high initial investment for food packaging equipment is expected to restrain growth of the global food packaging technology & equipment market to some extent.
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The global food packaging technology & equipment market report has been segmented on the basis of type, application, and region. On the basis of region, the global food packaging technology & equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Asia Pacific food packaging technology & equipment market is expected to grow at a higher rate in terms of revenue owing to rising demand for processed food products in emerging countries such as China, India, Thailand, and Indonesia. In North America market, the US market is expected to hold comparatively higher market share for food processing technology & equipment due to rising awareness regarding consumption of healthy food products, increasing investment on R&D over food processing equipment, and continuous developments in technology.
Key players operational in the global market include Bosch Packaging Technology, Coesia Group, Arpac LLC, IMA Group, Ishida, GEA Group, Multivac, Inc., Oystar Holding Gmbh, Nichrome India Ltd., and Omori Machinery Co. Ltd.