Technavio has been monitoring the global food packaging machinery market size and it is poised to grow by USD 4.05 bn 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.
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Technavio has announced its latest market research report titled Global Food Packaging Machinery Market 2020-2024 (Graphic: Business Wire)
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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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Increased demand for food packaging has been instrumental in driving the growth of the market.
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Food Packaging Machinery Market 2020-2024: Segmentation
Food Packaging Machinery Market is segmented as below:
Labeling And Coding
Wrapping And Bundling
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. The food packaging machinery market report covers the following areas:
Food Packaging Machinery Market Size
Food Packaging Machinery Market Trends
Food Packaging Machinery Market Industry Analysis
This study identifies the increased demand for smart packaging as one of the prime reasons driving the Food Packaging Machinery Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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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:
Value chain analysis
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 Segmentation by Type
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
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 positioning of vendors
GEA Group Aktiengesellschaft
Graphic Packaging Holding Co.
Illinois Tool Works Inc.
Ishida Co. Ltd.
John Bean Technologies Corp.
MULTIVAC Sepp Haggenmuller SE & Co. KG
Syntegon Technology GmbH
Tetra Laval International SA
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201015005680/en/