Food Packaging Machinery Market Global 2016 Trends, Size and Growth Report to 2020

Global Food Packaging Machinery Market 2016-2020 is the new research report now available at RnRMarketResearch.com.

Food packaging machinery is a type of device, which provides assistance for packaging food products before storage and distribution networks dispatch. The food packaging machinery is broadly used for labeling, filling, coding, and wrapping products. Packaging food products safeguards the food, checks its stability throughout the supply chain, and resists changes in temperature to maintain its quality and hygiene.

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The analyst forecast global food packaging machinery market to grow at a CAGR of 6.61% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global food packaging machinery market for 2016-2020. To calculate the market size, the report considers the revenue generated by global providers of food packaging machinery.

The report, Global Food Packaging Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The market is divided into the following segments based on geography: America, APAC and EMEA

Increasing demand for smart packaging will be a key trend for market growth. A significant trend set to emerge in the global packaging machinery market is the growing demand for smart packaging. The major reason for the increasing demand for smart packaging is increased concern over the wastage of food. The smart packaging market is expected to reach $42 billion by 2020. Seafood, meat and poultry, dairy products, confectionery, fruits and vegetables, and ready-to-eat meals are the major applications of smart packaging. Also, food packaging has developed over the past few years to such an extent that it is capable of preserving the food for a longer period by using barrier layers and germicidal films. All these factors have increased the consumption of packaged foods, which has led to increased demand for food packaging machinery.”

According to the report, increasing demand for food packaging will be a key driver for market growth. One of the major factors for the growth of the market is growing demand for food packaging. The demand for packaged food is rising due to increased urbanization and a greater number of people opting for take-out and on-the-go meals. Tighter and busy schedules are leading people to look for everyday products, especially food products which require less effort to open, carry, and store. The global food packaging market is expected to reach $310 billion by 2020. Many flexible packaging designs such as pouring spouts, zippers, peel-off lids, and microwavable pouches provide consumers with the convenience of disposing of products effectively after use.

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The following companies are the key players in the global food packaging machinery market: Bosch Packaging Technology, Coesia, Illinois Tool Works, GEA Group, MULTIVAC, and Tetra Laval.

Other Prominent Vendors in the market are: Accraply, Adelphi, AMF Bakery Systems, Arpac, Bradman Lake, Graphic packaging Holding, Harland Machine Systems, Heat and Control, IMA, Ishida, JBT, KHS, Nichrome, Omori Machinery, Orion Packaging System, IMA Dairy & Food Holding, Sealed Air, Krones, and Weber Marking Systems.

Further, the report states that fluctuating costs of raw materials will be a challenge for the market. One of the major challenges confronting the global food packaging machinery market is rapid fluctuation in raw material prices. Major raw materials and components used in design and manufacture of food packaging machinery include steel and other metals such as copper and titanium. Food packaging machinery consists of heavy equipment with large structure. Fluctuation in prices of raw materials has made planning difficult for food packaging machinery manufacturers.

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