Food Packaging Technology Market Worth 57.80 Billion USD by 2023 - Seite 2

The form-fill-seal equipment is estimated to be the largest market for food packaging equipment in 2017. 

The form-fill-seal segment accounted for the largest share of the global food packaging equipment market in 2018. They are used for a wide range of products such as bakery, confectionery, dairy, meat, poultry, and convenience food. Form-fill-seal held the largest share in the global food packaging equipment market owing to their ability to perform multiple tasks. This provides cost efficiency and operational effectiveness to food manufacturers.

Asia Pacific is projected to grow at the highest rate in the food packaging technology and equipment markets during the forecast period. 

The Asia Pacific region witnessed the fastest growth in the food packaging technology and equipment market; one of the key factors being the rapid economic growth and rise in urbanization. IMF World Economic Outlook estimated that the two economic giants of the Asia Pacific region-China and Japan-were the world's second- and third-largest economies in 2017, respectively. Other drivers that would have a positive impact on this market are the rising household incomes and the growing middle-class population, which are expected to increase the demand for packaged and convenience food products in the region.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Robert Bosch (Germany), GEA Group (Germany), IMA Group (Italy), COESIA Group (Italy), Ishida (Japan), and ARPAC (US).Other players include Multivac (Germany), Omori Machinery Company (Japan), Nichrome India (India), Adelphi Group (UK), Kaufman Engineered Systems (US), and Lindquist Machine Corporation (US).

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