New York, NY -- (SBWIRE) -- 02/25/2021 -- The global Food Packaging Technology and Equipment Market was valued at USD 40960.0 million in 2018 and is expected to reach USD 68,070.9 million by the year 2026, at a CAGR of 6.5%. There's a growing demand for food packaging technology in the marketplace for packaging machinery. Companies are increasing research to initiate versatility in these novel filling & dosing machines.  Technological innovations are likely to spice up market growth. However, challenges of floor space and the accuracy of devices act as a barrier for packaging companies, especially within the pharmaceutical landscape. Hence, companies are introducing new liquid unit-dosing cup machines that ensure efficiency in packaging without cutting on the floor space. Food packaging technologies and equipment play an essential role attributable to its immediate contact with various food products and its direct consumption. Henceforth the packaging process includes multiple technologies for packaging, packaging equipment, and multiple applications. The technology segment for the global food packaging technology & equipment market is segmented into aseptic packaging, active packaging, advanced, intelligent packaging, and controlled technologies. Supported equipment, the market is categorized as case packaging, coding, form-fill-seal, and labeling.

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Food Packaging Technology and Equipment market and profiled in the report are:

Robert Bosch(Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), ARPAC (US), Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), and Lindquist Machine Corporation (US)

The research study further covers the expansion and scope of the market in the key geographies across the globe. It assesses the scope of the market on a global as well as country-wise level. The market is spread across the key regions that include: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a comprehensive analysis of the production and consumption patterns, import and export ratio, supply and demand dynamics, key trends and demands, consumer behavior, and presence and operations of prominent players in each region of the market.

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

On the basis of type, the food packaging technology market has been segmented as follows:

Controlled
Active
Intelligent
Aseptic
Biodegradable
Others (edible and nano-enabled technology)

On the basis of material, the food packaging technology market has been segmented as follows:

Metal
Glass & wood
Paper & paperboard
Plastics
Others (polysaccharides, proteins, and lipids)

On the basis of application, the food packaging technology market has been segmented as follows:

Dairy & dairy products
Bakery products
Confectionery products
Poultry, seafood, and meat products
Convenience foods
Fruits & vegetables
Others (sauces & dressings and condiments)

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TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics

Chapter 4. Food Packaging and Technology Market Segmentation & Impact Analysis

    4.1. Food Packaging and Technology Segmentation Analysis

    4.2. Food Packaging and Technology Market Value Chain Analysis, 2016-2026

    4.3. Regulatory framework

    4.4. Food Packaging and Technology Market Impact Analysis

    4.4.1. Market driver analysis

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Food Packaging Technology and Equipment market and its competitive landscape.

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