Pune, India -- (SBWIRE) -- 02/12/2018 -- The report on Food and Beverage Packaging Machinery Market by End user (food and beverage industry), Type (primary and secondary packaging machinery), product (bottling line, bundling & wrapping, cartoning, case forming & sealing, coding, filling machinery), by Region (NA, EU, APAC, ROW) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Food and Beverage Packaging Machinery Market is projected to grow at a CAGR between 5.5 % and 6.5% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.

Food and beverage packaging is essential for protecting the food and beverages enclosed from spoilage, spillage, damages, and preserving its quality, during the transportation, and also during the long shelf life, until it is consumed. The food and beverage packaging machineries find applications in processes such as automated coding label and verification, bagging, bottling, capping, cartooning, case forming, cleaning of bottles and containers, drying, detection & inspection of processes and products, depalletizing, filling of liquids, labeling, lidding, marking, measuring weight, packing, palletizing, sealing, sterilizing, tray forming, unpacking, wrapping and some others. The growth of online & offline retail sectors and preference of customers for processed & packaged food and beverage products, is driving the need for better food and beverage packaging machinery, to keep products secure for long periods.

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Market Insights
The major companies such as Bosh Packaging Technology, GEA Group, MULTIVAC, Tetra Laval, and others are spending heavily on Research & Development and innovation to develop machines with better efficiency, optimal layouts, utilize less resources, cause less wastage of materials and useful for multiple operations with scope for more automation. It's a highly competitive market on the basis of price and niche segments. There is a huge entry barrier in the market due to the increasing levels of automation that require huge initial investments.

Globally, the changing lifestyle of people, due to rapid urbanization, is driving the demand for packaged food products and it is expected to drive the growth of the global food and beverage packaging machinery market. The need for compliance with the food and safety regulations and need for product differentiation to remain attractive to the customers, drive the food and beverages industry, to seek modern packaging machinery for remaining competitive, and assure quality to the customers. In a quest to bring down the wastage of food & beverages during packaging and to preserve food better with smart barriers & anti-germicidal layers, the demand for smart packaging solutions are increasing and it is expected to drive the growth of the market. Advancement in technology and introduction of innovative machinery that saves money, time and resources drive the growth of global food and beverage packaging machinery market, as the demand for such machineries is increasing rapidly. The availability of wide range of new age packaging materials and increasing demand for lightweight materials based packaging are expected to enhance the growth of the market. Increasing demand for alcoholic and non-alcoholic beverages in bottles and cans are expected to drive the growth of the market. Moreover, the rapid adoption of modular packaging machines to meet the new requirements of packaging modes in the food and beverage industry is expected to enhance the growth of the market. The increasing demand for robotic packaging machinery that enable process automation, as it reduces the need for human interference to minimal levels and production costs, is expected to drive the growth of global food and beverage packaging machinery market, during the forecast period 2017-2023.

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Globally, the increasing demand for packaged food and beverages is expected to provide growth opportunities for the major manufacturers of food and beverage packaging machinery market. Moreover, there is opportunity for manufacturers based in developed economies to export the machinery to developing countries in other regions. Increasing cost of labor and higher tax in manufacturing nations are impacting the cost of the machinery and hence these are the major restraints for the global food and beverage packaging machinery market. Manufacturing machineries that could meet the hygiene standards during the packaging process and the stringent regulations related to food and beverages industries in various countries is a major challenge for the major players in the global food and beverage packaging machinery market.

Global Food and Beverage Packaging Machinery Market Analysis, by End User
- Food Industry
- Beverage Industry

Global Food and Beverage Packaging Machinery Market Analysis, by Type
- Primary packaging Machinery
- Secondary Packaging Machinery

Global Food and Beverage Packaging Machinery Market Analysis, by Product
- Bottling line Machinery
- Bundling & Wrapping Machinery
- Cartoning Machinery
- Case forming & Sealing Machinery
- Coding/Labeling/Marking Machinery
- Filling & Closing Machinery
- Palletizing Machinery

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