Global Food Packaging Machinery Market 2015-2019
About Food Packaging Machinery
Food packaging machinery performs a significant function in the Food Packaging industry. It enables process control and efficiency in the overall food packaging process. These machines perform various functions such as filling, closing, wrapping, and coding in the Food Packaging industry. Packaging of food products ensures that there is no spoilage of packaged food products throughout the supply chain, and that it can withstand changes in temperature so as to maintain its quality and edibility.
TechNavio's analysts forecast the Global Food Packaging Machinery market to grow at a CAGR of 6.22 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Food Packaging Machinery market for the period 2015-2019. To calculate the market size, this report covers revenue generated by global food packaging machinery providers. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Global Food Packaging Machinery market.
TechNavio's report, Global Food Packaging Machinery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA and APAC regions, and the Americas; it also covers the Global Food Packaging Machinery market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Food Packaging Machinery Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Food Packaging Machinery Market: Bosch Packaging Technology, GEA Group AG,. Illinois Tool Works Inc., Multivac Inc. and Tetra Laval
Other Prominent Vendors in the market are: Accraply, Acmavolpak, Adelphi Masterfil, AMF Bakery Systems, Arpac, Bradman Lake, Graphic Packaging Holding, Harland Machine Systems, Heat and Control, IMA Group, Ishida, JBT FoodTech, KHS, Nichrome, Omori Machinery, Orion Packaging System, Oystar Holding, Sealed Air, The Krones Group and Weber Marking Systems.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of fully automated robotic packaging machinery, which provides flexibility with respect to throughput volume and has in-built advanced monitoring and control capabilities, is a major trend in the market.”
According to the report, the primary growth driver of this market is the monumental growth of the global Packaged Foods industry, which had revenue of US$4-5 trillion in 2014. The change in urban buying behavior because of changes in lifestyle has propelled the packaged food demand, driving the growth of the Global Food Packaging Machinery market.
Further, the report states that the high taxes and labor cost, especially in the major markets in Europe, are expected to slow down the growth rate. The replacement of existing packaging machinery is expected to be delayed because of the changing economic landscape in Europe.
Bosch Packaging Technology , GEA Group , Illinois Tool Works, Multivac , Tetra Laval, Accraply, Acmavolpak, Adelphi Masterfil, AMF Bakery Systems , Arpac, Bradman Lake, Graphic Packaging Holding, Harland Machine Systems, Heat andControl, IMA Group, Ishida, JBT FoodTech, KHS, Nichrome, Omori Machinery, Orion Packaging System, Oystar Holding Gmbh, Sealed Ai, The Krones Group, Weber Marking Systems
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