Global Markets for Food Processing and Food Packaging Equipment -- Focus on Packaging
The global market for equipment used in food processing and packaging was $21.7 billion in 2012 and $23 billion in 2013. This market is expected to reach $31.3 billion by 2018, rising at a five-year compound annual growth rate (CAGR) of 6.3% from 2013 to 2018.
- An overview of the global market for food processing and packaging, with a focus on the packaging segment of the market.
- Analyses of global market trends, with data from 2011 and 2012, estimates for 2013, and projections of CAGRs through 2018.
- Breakdowns of the market by region, application, technology, and food type.
BCC Research’s goal in conducting this study is to provide an overview of the current and future characteristics of the global market for food processing and packaging equipment. The key objective is to present a comprehensive analysis of the future direction of the food processing and packaging equipment market that will be an important tool in the food industry.
This report explores present and future strategies within the food processing and packaging equipment industry, which includes processing and packaging equipment for milk, meat, poultry and fish, beverages, grains, fruit, vegetables and baked goods. The improvisation of the market and the setbacks and needs of the market are discussed in this report. Comparisons among, usage of and the advantages and disadvantages of different types of food processing and packaging equipment are also discussed.
A detailed analysis of the structure of the food processing and packaging industry is also included. Revenues are broken down by region as well as by type of equipment. Sales figures are estimated for the five-year period from 2013 through 2018.
Applications for food processing and packaging equipment are also discussed separately in the report, with an emphasis on the usage of the equipment for more aware consumers. The report also covers significant patents and their allotment in each category.
REASONS FOR DOING THIS STUDY
Extensive research in the field of food processing and packaging equipment has revealed that today's manufacturers face a rapidly changing and highly demanding globally competitive environment. Manufacturers of food processing and packaging equipment are being driven to offer a broader selection of products at lower costs and supplement their offerings with a higher level of value-added engineering, design and other services.
Research and development spending, along with increasing competition, patent expiries and new technologies are leading the market in a new direction. The overall revenue for the market increased from 2011 to 2013 due to new advancements, new product launches and changing lifestyles, which will all influence market growth in the foreseeable future. This study looks at the majority of the systems affected by these factors.
Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strength and weaknesses of each type of technology in light of other new technologies, growing competition and changing customer needs.
This study reviews market growth in food processing and packaging, which includes manufacturers and users of processing and packaging equipment for milk, meat, poultry and fish, beverages, grains, fruit, vegetables and baked goods. The food industry and research institutes will find this study of interest.
SCOPE OF THE STUDY
The scope of this study encompasses the food processing and packaging equipment used in the food industry. BCC Research analyzes each market and its applications, regulatory environment, involved technology, market projections and market share. Technological issues discussed include the latest trends and developments. The following markets were studied: the North America region, which includes the United States, Canada, Mexico and Cuba; the Europe, Middle East and Africa region, usually abbreviated as EMEA, which includes all European nations, all African nations and extends east to Iran and includes Russia; and the Asia-Pacific region, which includes Australia, Japan, India, China, Sri Lanka, Thailand, Malaysia, Mauritius and Singapore.
BCC Research conducted a comprehensive literature search, which included technical newsletters and journals and many other sources. Data were collected through interviews and correspondence with technical experts and manufacturers of milk, meat, poultry and fish, beverages, grains, fruit, vegetables and baked goods. Projections were based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.
Many companies within the industry were surveyed to obtain data for this study. Included were manufacturers and end users of food processing and packaging equipment in various industries. Data were gathered from various industry sources. BCC Research spoke with officials within the industry and consulted newsletters, company literature, product literature and a host of technical articles, journals, indexes and abstracts. Exhaustive investigations of databases by key terminology were completed. In addition, data were compiled from current financial, trade and government sources.
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The information developed in this report is intended to be as reliable as possible at the time of publication and is of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it be considered as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is speculative in nature. BCC Research and the author assume no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
Shalini Shahani Dewan focuses on pharmaceuticals and biotechnology and has been a BCC Research contributor since 2002 as both an analyst and project manager. She has explored a wide range of topics and companies, including working for Johnson & Johnson doing market surveillance. She has an undergraduate degree in pharmacy and master's degree in medicinal chemistry. She resides in the Bay Area.