Global food packaging equipment market is expected to garner $19,268 million by 2023, from $14,740 million in 2016, registering a CAGR of 4.0% from 2017 to 2023. Food industry has greater variation of packaging equipment than any other industry. Food products are filled hot, cold, frozen, dried, particulates, or just liquids and are vacuum sealed or packaged in bottles, boxes, bags, and cans to keep food fresh and convenient for use. Packaging equipment are used for filling, bagging, sealing, wrapping, bundling, cartooning, over-capping, lidding, labelling, decorating, coding, conveying, and palletizing. Packaging is the most essential processes before commercializing or presenting the final product to industry or end-use consumers. Thus, advancement in technology has led to the emergence and innovations in food packaging equipment, contributed extensively toward the development of the market.
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The List of Companies
Bosch Packaging Technology
Nichrome India Ltd.
Omori Machinery Co. Ltd.
Oystar Holding GmbH
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KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global food packaging equipment market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends as well as quantitative analysis for the period of 2016-2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the equipment of food packaging and their applications.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.
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