Growth Opportunities in the Food Processing and Packaging Equipment Sector, Global, 2024 2028
Food Processing 4.0 and Disruptive Technologies are Driving Transformational Growth
05-Sep-2024
Global
Market Research
This Frost & Sullivan analysis assesses the growth opportunities across the food processing and packaging equipment market. The application areas considered include beverages; fruits and vegetables; dairy; meat, fish, and poultry; bakery and confectionary; oils and fats; breakfast cereals, and snacks; and pet food. The equipment scope includes all processing and packaging machinery/equipment used across different end applications. This analysis provides a detailed examination of the value chain and the market activity of key players in the industry.
The global food processing and packaging equipment market generated revenues of $100.35 billion in 2023. The market will grow thanks to a greater focus on sustainability and stringent food safety and quality control standards. The food processing equipment market accounted for 71.2% of the revenue share in 2023. The meat, fish and poultry, dairy, and beverage segments will drive most of the growth in the food processing equipment market. Food processing 4.0 will be one of the key growth drivers for food processing and packaging equipment over the forecast period. The integration of AI, Internet of Things (IoT), smart sensors, digital twins, big data, and robotics will play a part in the food processing 4.0 concept.
Geographically, Asia-Pacific held the largest revenue share of the global food processing and packaging equipment market in 2023. The Asia-Pacific market is driven by evolving customer preferences, such as the demand for smaller portion food sizes.
Author: Smriti Sharma
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Food Processing and Packaging Industry
Scope of Analysis
Segmentation
Segmentation (continued)
Segmentation (continued)
Food Processing and Packaging Equipment Value Chain
Food Processing and Packaging Equipment Value Chain (continued)
Competitive Environment: Food Processing Equipment
Key Competitors: Processing Equipment
Competitive Environment: Food Packaging Equipment
Key Competitors: Packaging Equipment
Company Mapping: Food Processing and Packaging Equipment
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping—Food Processing and Packaging Equipment (continued)
Key Findings
Growth Metrics
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Forecast Considerations
Revenue Forecast
Revenue Forecast by Equipment
Revenue Forecast by End Application: Food Processing Equipment
Revenue Forecast by End Application: Food Packaging Equipment
Revenue Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Revenue Forecast Analysis by Region
Mergers and Acquisitions
Mergers and Acquisitions (continued)
Mergers and Acquisitions (continued)
Mergers and Acquisitions (continued)
Revenue Share: Food Processing Equipment
Revenue Share Analysis: Food Processing Equipment
Revenue Share: Food Packaging Equipment
Revenue Share Analysis: Food Packaging Equipment
Growth Metrics
Trends in Beverage Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Fruits and Vegetable Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Grain, Oil, and Fat Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Bakery and Confectionery Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Meat, Fish, and Poultry Processing and Packaging
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Dairy Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Breakfast Cereal, Snack, and Pet Food Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Opportunity 1: Portfolio Expansion and Increased R&D Investment
Growth Opportunity 1: Portfolio Expansion and Increased R&D Investment (continued)
Growth Opportunity 2: Application Diversification
Growth Opportunity 2: Application Diversification (continued)
Growth Opportunity 3: Sustainable Processing and Packaging
Growth Opportunity 3: Sustainable Processing and Packaging (continued)
Other Companies: Food Processing Equipment
Other Companies: Food Packaging Equipment
Best Practice Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Deliverable Type | Market Research |
---|---|
Author | Smriti Sharma |
Industries | Agriculture and Nutrition |
No Index | No |
Is Prebook | No |
Podcast | No |
WIP Number | PFL5-01-00-00-00 |