Global Bundling Food Packaging Equipment Market – Industry Trends and Forecast to 2029

Bundling Food Packaging Equipment Market Analysis and Size

The food and beverages sector has been creating immense demand for the bundling food packaging equipment globally. Additionally, the widespread use of plastic as a packaging material has created environmental concerns because it is difficult to decompose, hence the demand for biodegradable packaging technology is anticipated to expand quickly, which is resulting in increased traction for the market.

Global Bundling Food Packaging Equipment Market was valued at USD 20.18 billion in 2021 and is expected to reach USD 36.26 billion by 2029, registering a CAGR of 7.6% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Bundling Food Packaging Equipment Market Scope and Segmentation

Market Definition

Bundling food packaging is established on equipment and technology and is used to preserve products and helps to keep it fresh for a longer duration of time. Bundling food packaging is used by many food suppliers to store huge quantities of foods before they are wrapped or banded together as a single bundle.

Bundling Food Packaging Equipment Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Shift Toward Convenient Food Packaging

The food packaging and equipment management has shifted towards convenient food packaging method for direct consumption and better quality due to increased demand for high quality and fresh food products for the consumers. Essential benefits of food packaging which leads towards the rising demand for the market are the increased shelf life, food quality and sustainability. The demand for bundling food packaging equipment for a variety of products, including snacks, meat and poultry products, candy bars, chocolates, sauces, processed fruits and vegetables, and dairy products, is being driven by the popularity of convenient packaging features like easy opening, portability, resealability, micro-perforation, lightweight, and easy handling.

Furthermore, the factors such as the surge in spending power, growth in the quantity of online grocery orders and huge consumer base of "on-the-go" consumers will further propelled the growth rate of bundling food packaging equipment market. The rise in urbanization and surge in number of supermarkets and hypermarkets will also drive market value growth.

Opportunities

• Adoption of Advanced Equipment and Rising Research and Development Activities

The adoption of effective and advanced bundling food packaging equipment by the market players further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising research and development activities within the packaging equipment will further expand the future growth of the bundling food packaging equipment market.

Restraints/Challenges

• Stringent Regulations

Packaging trash largely affects the ecology because it takes so long to disintegrate. Many governments are tackling this issue by enacting stringent regulations that the food packaging sector must follow. For instance, governments in Europe implement a number of measures to address recycling and packaging waste issues. Recycled materials cannot be used for food packaging as they can release hazardous chemicals into the food. Developing countries are also imitating them by enforcing stringent food packaging guidelines and promoting eco-friendly or biodegradable packaging options. The entire food packaging market revenues are impacted as a result of the declining earnings, which in turn would constrain the market's expansion for bundling food packaging equipment.

• Amplified Occurrence Of Counterfeit Packaging

The availability of equipment for food packaging has made it possible for many illegal packaging producers to enter the market and produce fake goods. The expansion of fake food packaging has an impact on the market for food packaging equipment. These fake goods damage the businesses' bottom lines and their reputation as leading brands. Therefore, counterfeit packaging has a negative impact on the bundling food packaging equipment market, thus challenging the overall market growth.

This bundling food packaging equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bundling food packaging equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Bundling Food Packaging Equipment Market

The recent outbreak of coronavirus had a significant influence on the bundling food packaging equipment market. Sectors that help provide for fundamental needs, such securely delivering food and supplies to customers, are progressively being impacted as the pandemic develops and its humanitarian impact increases. The packaging industry is on the front lines since food packaging is the most active segment of the market. The pandemic caused some of the biggest declines in recent history in the demand for some packaging types while accelerating growth for others, such as packing for e-commerce shipments, which has become essential in this new environment. However, the food packaging equipment business is likely to grow, which is anticipated to enhance sales of food packaging equipment throughout the forecast period due to the ease of lockdown limitations and improved logistics in light of the COVID-19 preventive measures.

The COVID-19 pandemic outbreak caused consumer panic buying, which raised the demand for essential goods including food products. The availability of groceries in retail outlets was considerably reduced as food consumption rose. The food industry also faced additional difficulties as a result of broken supply chains, a workforce shortage, and the growing need for large quantities of raw materials. However, things started to get better in 2021. Additionally, businesses that produce food packaging equipment and food processing facilities began concentrating on automating packaging procedures.

Global Bundling Food Packaging Equipment Market Scope

The bundling food packaging equipment market is segmented on the basis of technology, materials and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Controlled
• Active
• Intelligent
• Aseptic
• Biodegradable
• Others

 Materials

• Metal
• Glass and Wood
• Paper and Paperboard and Plastics
• Others

Application

• Dairy and Dairy Products
• Bakery Products
• Confectionery Products
• Poultry
• Seafood and Meat Products
• Convenience Foods
• Fruits and Vegetables
• Others

Bundling Food Packaging Equipment Market Regional Analysis/Insights

The bundling food packaging equipment market is analyzed and market size insights and trends are provided by country, technology, materials and application as referenced above.

The countries covered in the bundling food packaging equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the bundling food packaging equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the growth in demand for processed food in developing countries and the rise in infrastructural development within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies, the increasing investment in research and development of food processing equipment and technology, and rising consumption of healthy food within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bundling Food Packaging Equipment Market Share Analysis

The bundling food packaging equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bundling food packaging equipment market.

Some of the major players operating in the bundling food packaging equipment market are

• Syntegon Technology GmbH (Germany)
• Coesia S.P.A (Italy)
• GEA Group Aktiengesellschaft (Germany)
• MULTIVAC (Germany)
• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy)
• Krones AG (Germany)
•  Tetra Laval (Switzerland)
•  OPTIMA Packaging Group GmbH (Germany)
•  nVenia LLC (U.S.)
• Ishida Co. Ltd (Japan)
• Omori Machinery Co. Ltd. (Japan)
•  Robert Bosch GmbH (Germany)
• Omori Machinery Co. Ltd., (Japan)
•  Nichrome Packaging Solutions (India)
•  Adelphi Group (U.K.)
• Kaufman Engineered Systems (U.S.)
• Lindquist Machine Corporation (U.S.)
• TNA Australia Pty Limited. (Australia)

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