(EMAILWIRE.COM, January 08, 2019 ) The food packaging technology market was valued at USD 38.77 Billion in 2017 and is projected to grow at a CAGR of 6.92% from 2018, to reach USD 57.80 Billion by 2023. Furthermore, the global food packaging equipment market was valued at USD 18.56 Billion in 2017 and is projected to grow at a CAGR of 6.46% from 2018, to reach USD 26.96 Billion by 2023. The base year considered for the study is 2017, while the forecast period spans from 2018 to 2023.
Growth Projection of Food Packaging Technology Market spread across 171 Pages, Profiling 12 Companies and Supported with 119 Tables and 40 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=209349 .
Asia Pacific region witnessed the fastest growth in the food packaging technology & equipment market; one of the key factors being the rapid economic growth. Countries studied in this region include India, China, Japan, Australia, New Zealand, and South Korea. Key factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and the rising consumption of packed products are expected to drive the demand for food packaging technology & equipment during the forecast period.
Executive Summary
Premium Insights
4.1 Attractive Opportunities in the Food Processing Technology Market
4.2 Attractive Opportunities in the Food Processing Equipment Market
4.3 Food Packaging Technology Market Size, By Application, 2018-2023
4.4 Food Processing Technology Market Size, By Material, 2017
4.5 Food Packaging Technology & Equipment Market, By Type
Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Demand for Hygienic Food Packaging
5.3.1.2 Shift to ward Convenient Food Packaging
5.3.1.3 Increase in Demand for Fresh and High-Quality Food Products
5.3.2 Restraints
5.3.2.1 High Cost of Development
5.3.2.2 Stringent Environmental Regulations
5.3.3 Opportunities
5.3.3.1 Increase in Demand From Developing Countries Such as China and India
5.3.3.2 Emergence of Packaging as A to ol for Product Differentiation
5.3.4 Challenges
5.3.4.1 Increased Occurrences of Counterfeit Packaging
5.3.4.2 Ensuring Correct Mixture of Gases in Controlled Environment Packaging
Industry Trends
6.1 Introduction
6.2 Food Packaging Technology & Equipment Market: Supply Chain Analysis
6.2.1 Key Influencers
6.3 Pest Analysis
6.3.1 Political Factors
6.3.2 Economic Factors
6.3.3 Social Factors
6.3.4 Technological Factors
The report segments the food packaging technology and equipment market based on technology (type, material, application, and region) and equipment (type, application, and region). In terms of insights, this research report has focused on various levels of analysescompetitive landscape, end-use analysis, and company profileswhich together comprise.
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The global food packaging technology and equipment market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Asia Pacific region is projected to be the fastest-growing market for food packaging technology and equipment during the forecast period. The major countries with growth potential in this market include the China, India, Japan, Australia, New Zealand, and South Korea. Rising household incomes and the growing middle-class population have led to an increase in demand for packaged food products, which is increasing the demand for packaging technologies and equipment in this region.
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It also helps to understand structure of overall food packaging technology & equipment market by identifying its various segments. Other objectives include analyzing opportunities in market for the stakeholders and providing competitive landscape of the market trends, & projecting size of the food packaging technology & equipment market and its submarkets, in terms of value.
The major restraining factors for the growth of the food packaging technology and equipment market is the high cost of development of technologies and equipment manufacturing and stringent government regulations.
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