LONDON–()–Technavio has been monitoring the food packaging machinery market and it is poised to grow by USD 4.05 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, and Tetra Laval International SA are some of the major market participants. The increased demand for food packaging will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increased demand for food packaging has been instrumental in driving the growth of the market.
Food Packaging Machinery Market 2020-2024: Segmentation
Food Packaging Machinery Market is segmented as below:
-
Type
- FFS
- Labeling and Coding
- Wrapping and Bundling
- Others
-
Geography
- APAC
- Europe
- North America
- South America
- MEA
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Food Packaging Machinery Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
- Food Packaging Machinery Market Size
- Food Packaging Machinery Market Trends
- Food Packaging Machinery Market Industry Analysis
This study identifies increased demand for smart packaging as one of the prime reasons driving the food packaging machinery market growth during the next few years.
Food Packaging Machinery Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the food packaging machinery market, including some of the vendors such as Coesia Spa, GEA Group Aktiengesellschaft, Graphic Packaging Holding Co., Illinois Tool Works Inc., Ishida Co. Ltd., John Bean Technologies Corp., KRONES AG, MULTIVAC Sepp Haggenmuller SE & Co. KG, Syntegon Technology GmbH, and Tetra Laval International SA. Backed with competitive intelligence and benchmarking, our research reports on the food packaging machinery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Food Packaging Machinery Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist food packaging machinery market growth during the next five years
- Estimation of the food packaging machinery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the food packaging machinery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of food packaging machinery market vendors
Table Of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- FFS – Market size and forecast 2019-2024
- Labeling and coding – Market size and forecast 2019-2024
- Wrapping and bundling – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Coesia Spa
- GEA Group Aktiengesellschaft
- Graphic Packaging Holding Co.
- Illinois Tool Works Inc.
- Ishida Co. Ltd.
- John Bean Technologies Corp.
- KRONES AG
- MULTIVAC Sepp Haggenmuller SE & Co. KG
- Syntegon Technology GmbH
- Tetra Laval International SA
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
