April 03, 2014
Wellesley, Mass., APRIL 3, 2014 – BCC Research (www.bccresearch.com) reveals in its new report, GLOBAL MARKETS FOR FOOD PROCESSING AND FOOD PACKAGING EQUIPMENT, the global market for equipment used in food processing and packaging is expected to grow to $31.3 billion by 2018, with a five-year compound annual growth rate (CAGR) of 6.3%. The food packaging equipment, the largest and fastest sector in the market, is moving at a CAGR of 6.7%.
The food processing and packaging industry is poised for excellent growth in the coming years. Indeed, the food packaging market, the largest segment in this category, is expected to reach $19.3 billion by 2018.
Food processing equipment, the second-largest market segment, is projected to grow to $12 billion by 2018 and register a CAGR of 5.8%.
"Today's manufacturers of food processing and packaging equipment face a rapidly changing and highly demanding global competitive environment," says BCC Research food and beverage analyst Shalini S. Dewan. "They are being driven to offer a broader selection of products, at lower costs, and supplement their selections with a higher level of value-added engineering, design, and other services.”
GLOBAL MARKETS FOR FOOD PROCESSING AND FOOD PACKAGING EQUIPMENT provides an overview of the global market for processing and packaging equipment in the food markets. It analyzes each market and its applications, regulatory environment, technology involved, market projections, and market share. Technological issues, including the latest trends and developments, are also discussed.
This report is intended for manufacturers and users of processing and packaging equipment of milk, meat, poultry and fish, beverages, grains, fruits, vegetables and industrial bakery. Food industry and research institutes will also find this study to be of interest.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at email@example.com.
Global Markets for Food Processing and Food Packaging Equipment( FOD066A )
Publish Date: Mar 2014
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.