Food Packaging Machinery Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Rising awareness among consumers and continuous innovation in technology will continue to fuel demand for packaging that is hygienic, functional, and visually-appealing. Packaging has witnessed a sea-change – from just an outer covering to an integral part of marketing and product safety. Today, the packaging industry is catering to the preference of a wide consumer base, especially the ‘on-the-go’ consumer, for whom effective and functional packaging is ever so important.

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Stricter food safety regulations have led manufacturers to focus on innovative methods of packaging that keep the product fresh over long term. Also changing dietary preferences of consumers, such as the burgeoning demand for “natural” and “organic” has prompted packaging industry to come up with new solutions. As the demand for food has progressed and diversified, so has the technology involved in the packaging of these goods.

Food Packaging Machinery Market- Market Segmentation:

Food packaging machinery market is segmented on the basis of application type, material type and machinery type. On the basis of application type, food packaging machinery market can be segmented into cereals, pulses, oil seeds, fruit and vegetables, meat, poultry, dairy, marine and bakery. On the basis of material type, food packaging machinery market can be segmented into glass, metals, plastics, paper board, paper/plastic laminates. On the basis of machinery type, food packaging machinery can be segmented into FFS, labeling and coding, wrapping and bundling, other machinery and spare parts. FFS constitutes for the major portion of the segment.

Food Packaging Machinery Market- Market Dynamics:

With the increase in the disposable income, the demand for packaged and hygienic food has witnessed an uptick. The expectancy of the product to be safe from the point of packaging till it arrives in...