Food Packaging Technology & Equipment: Global Market to Reach $72.45 Billion by 2026 - ResearchAndMarkets.com
Aug. 28, 2018
DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Food Packaging Technology & Equipment - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market accounted for $36.23 billion in 2017 and is expected to reach $72.45 billion by 2026 growing at a CAGR of 8% from 2017 to 2026.
Shift towards convenient food packaging, increase in demand from developing countries, increase in demand for fresh and high-quality food products and rise in income of average earning class & spending capability are some of the factors fueling the market growth.
However, factors such as high cost of food processing equipment, lack of standardization and lack of appropriate hygienic design are restricting the market growth.
Amongst Application, Poultry, Seafood, and Meat Products segment accounted for significant market share during the forecast period due to rise in the demand for easy-to-cook meat. Moreover, increasing demand for meat products in various countries in Asia Pacific is also driving the growth of poultry processing equipment.
By geography, Asia Pacific dominated the market due to the rising household incomes and the growing middle-class population have led to an increase in demand for packaged food products, which are increasing the demand for packaging technologies and equipment in this region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Food Packaging Technology & Equipment Market, By Material
6 Global Food Packaging Technology & Equipment Market, By Type
7 Global Food Packaging Technology & Equipment Market, By Equipment
8 Global Food Packaging Technology & Equipment Market, By Application
9 Global Food Packaging Technology & Equipment Market, By Geography
10 Key Developments
11 Company ProfilingRobert Bosch Arpac IMA Group GEA Group Omori Machinery Coesia Group Lindquist Machine Corporation Ishida Kaufman Engineered Systems Multivac Nichrome India Adelphi Packaging ALFA LAVAL Krones AG SPX Corporation
For more information about this report visit https://www.researchandmarkets.com/research/lght53/food_packaging?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005314/en/
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Related Topics:Food Packaging
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 08/28/2018 04:59 AM/DISC: 08/28/2018 04:59 AM