[Redding, California, November 17, 2023] – The Food Packaging Equipment Market is poised to achieve a value of $25.37 billion by 2029, exhibiting a CAGR of 6% during the forecast period from 2022 to 2029. This significant growth is attributed to the increasing integration of automation technologies, the flexibility of machinery, and the growing demand for hygienic food packaging among consumers.

The market is also influenced by food manufacturers' inclination towards using efficient food packaging equipment. The rise of the packaged food industry in emerging economies and the utilization of packaging as a product differentiation tool are expected to create substantial growth opportunities for vendors in the Food Packaging Equipment Market. However, challenges related to recycling multilayer films and a shortage of skilled personnel and training remain obstacles for market expansion.

Top 10 Companies in the Food Packaging Equipment Market: https://meticulousblog.org/top-10-companies-in-food-packaging-equipment-market/

1. Syntegon Technology GmbH: Specializing in process and packaging technology, Syntegon provides solutions to the pharmaceutical and food industries. Their portfolio includes stand-alone machines and complete systems for the production, processing, filling, inspection, and packaging of liquid and solid pharmaceuticals, as well as packaging solutions for various food products. With 1,700 patent applications and a global presence across 15 countries, the company employs 6,100 people as of Dec 2020.

2. COESIA S.P.A: A group of companies offering innovative industrial and packaging solutions, COESIA specializes in automated production, packing, and packaging machinery for various industries. With 135 operating units and 84 production plants, the company serves customers globally, including aerospace, ceramics, healthcare, and tobacco. As of December 2020, COESIA has 8,000 employees and a presence in 35 countries.

3. GEA Group Aktiengesellschaft: As a systems supplier for the food, beverage, and pharmaceutical sectors, GEA operates through five segments, focusing on machinery, plants, and process technology. With solutions spanning various industries, the company filed 53 patents and released 53 new products in 2020. GEA has a global presence with 18,232 employees as of December 2020.

4. MULTIVAC Group: Providing integrated packaging solutions globally, MULTIVAC serves the food and medical industries. With 85 subsidiaries and a presence in more than 165 countries, the company offers diverse packaging solutions, including for sterile medical products and pharmaceuticals. As of December 2020, MULTIVAC has a headcount of 6,700 employees.

5. IMA Group: Acquired by BC Partners, IMA Group designs and manufactures automatic machines for processing and packaging in industries such as pharmaceuticals, cosmetics, and food. With a global presence in 80 countries and 48 manufacturing sites, the company operates under the ownership of BC Partners.

6. Krones AG: Engaging in the planning, development, and manufacturing of machines, Krones provides complete lines for process, filling, and packaging technology. Operating globally, the company caters to breweries, beverage producers, and various industries with a broad range of registered patents. As of December 2020, Krones employs 16,736 people and has a presence in regions like the Middle East, Asia-Pacific, and North & Central America.

7. Tetra Laval Group: Comprising Tetra Pak, Sidel, and DeLaval, Tetra Laval focuses on efficient production, packaging, and distribution of food. With a global presence, the group has around 35,557 employees as of December 2020.

8. OPTIMA Packaging Group GmbH: Designing and building packaging equipment for various industries, OPTIMA operates globally through five divisions. With subsidiaries and brands, the company has a headcount of more than 2,650 employees and a presence across Europe, North America, South America, and Asia.

9. ARPAC LLC: Manufacturing end-of-line secondary packaging solutions, ARPAC's machines serve various industries globally. With a product line including shrink wrappers, bundlers, tray formers, packers, tunnels, and palletizers, the company had more than 230 employees as of December 2020. ARPAC machinery is distributed and serviced by a network of 500 independent distributors internationally.

10. Ishida Co., Ltd.: Specializing in advanced industrial technology, Ishida provides solutions to diverse industries, including food processing, retail, logistics, and pharmaceuticals. Offering products like weighing, packing, grading, batching, inspection, quality control, and labeling machines, the company contributes to various sectors.

For more information, refer to Meticulous Research®'s comprehensive report, providing global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends in the “Food Packaging Equipment Market – Global Opportunity Analysis and Industry Forecast (2022-2029).”
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