NEW YORK, Sept. 29, 2016 /PRNewswire/ -- Use this report to:
- Measure and forecast the overall market and all important segments, and to provide an overview of the current and future characteristics of the global market.
- Analyze the strength and weaknesses for equipment used in food processing and packaging in light of the new technologies, growing competition and changing customer needs.
- Identify the present and future strategies within the market for food processing and packaging equipment and performance of the market, the setbacks and the needs of the market.
- Explore the advantages of food processing and packing equipment in their production and processes.
- The global market for equipment used in food processing and packaging is expected to reach nearly $31.5 billion by 2020 from $25.7 billion in 2015, rising at a compound annual growth rate (CAGR) of 4.2%, from 2015 to 2020.
- The food packaging market is expected to grow from $14.4 billion in 2015 to nearly $17.3 billion in 2020 at a CAGR of 3.6% for the period 2015-2020.
- The food processing market is expected to grow from $11.2 billion in 2015 to $14.2 billion in 2020 at a CAGR of 4.8% for the period 2015-2020.
Introduction & Scope
The food processing and packaging market is growing at a moderate rate. Food processing and packaging companies use a wide variety of machines and equipment.
The global market for food processing and packaging is driven by increased awareness and availability of international food processing technology rising demand for quality products and the need to match expectations of consumers, both locally and globally. BCC Research's aim in conducting this study is to measure and forecast the overall market and all important segments, and to provide an overview of the current and future characteristics of the global market.
This report explores present and future strategies within the food processing and packaging equipment market, and includes detailed analysis of the market for food
processing and packaging equipment. Innovations in the market, the holdups and needs of the market are discussed. The classification, comparisons and usage of these equipment are also portrayed in this report. Revenues are broken down by global region and other parameters. Sales figures are estimated for the five-year period from 2015 through 2020. The report also covers significant patents and their allotments in each category.
REASONS FOR DOING THIS STUDY
Food processing and packaging equipment are an important and integral part of the food industry. With the increase in demand for packaged food, ready-to-eat or
ready-to-cook food, the requirement for improved shelf life, easy transportation and the hectic lifestyle of today's world are supporting growth of this market. The
advancement in food processing and packing techniques/equipment has reached new arenas. Extensive research in the field of these forms of equipment has revealed their usage in developing efficient, user-friendly and affordable products. Modern industries have now begun to explore the advantages of food processing and packing equipment in their productions and processes. This has led to the steady market for them.
Research and development spending, along with increasing competition, patent expiries and new technologies, are giving a new direction to the market. The
advancements, new product launches and the changing lifestyle have influenced the market to grow in the future. This study looks at almost all the systems affected by these factors. Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strength and weaknesses of each type in light of the new technologies, growing competition, and changing customer needs.
This study contributes to the areas of market growth in food processing and packing equipment manufacturers and users. Academic institutions, government and private laboratories, as well as various food manufacturers will find this study to be of interest.
SCOPE OF THE STUDY
This report focuses on the global market of food processing and packing equipment and provides an updated review including basic design and its applications in various segments of food processing and packing such as meat, fish and poultry, milk, fruits and vegetables, beverages, industrial bakery products and grains. The scope of the study is global. BCC Research analyzes each market and its application, regulatory environment, new products and advancements, market projections and market shares.
The geographical regions covered in the report are North America, Europe and emerging markets. "Emerging markets" covers all countries such as India, China, Japan, South Korea, Taiwan, Africa, Australia, New Zealand, Canada and so forth. Also included in the report are relevant patent analysis and comprehensive profiles of companies that lead the food processing and packaging equipment industry. The key market players for food processing are Illinois Tool Works Inc., Marel,
Manitowoc Foodservice, GEA Group AG, John Bean Technologies Corp., Tetra Pak (an industrial group of Tetra Laval Group), Sidel (an industrial group of Tetra Laval Group) and The Middleby Corp., whereas the food packaging market is led by Sidel, TetraPak, Krones AG, KHS Group and Graphic Packaging Holding Co.
Both primary and secondary research methodologies were used in preparing this study. BCC Research conducted a comprehensive literature search, which included technical newsletters and journals, and many other sources. Data were collected through interviews and correspondence with manufacturers and users of food processing and packing equipment. Projections were based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.
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