The global food packaging technology market is projected to grow at a CAGR of 6.1% and the food packaging equipment market is projected to grow at 4.8% from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 10/06/2014 -- This report "Food Packaging Technology & Equipment Market by Technology (Controlled, Active, Advanced, Intelligent, Aseptic), by Equipment (FFS, Labeling, Coding, Wrapping, Case Packaging), by Application and Geography - Trends &Forecast to 2019" defines and segments the food packaging technology & equipment market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of types and applications. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and the market size is forecasted on the basis of key regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The key countries are covered with the market size and trends projected for each region.
Browse 89 market data tables and 62 figures spread through 173 pages and in-depth TOC on “Food Packaging Technology & Equipment Market - Trends &Forecast to 2019”
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This research report includes the market for both, the technology and the equipment used for packaging of food products. The market for packaging technology is projected at a CAGR of 6.1%, while for the packaging equipment market it is projected at a CAGR of 4.8% from 2014 to 2019. Rise in health concerns among consumers, coupled with rigorous stringent food safety regulations, is driving the market for food packaging technology.
Food packaging applications mainly comprise dairy products, bakery & confectionery products, poultry, meat & seafood, convenience foods, fruits & vegetables, and others. The convenience foods sector is one of the major contributors to the technology as well as equipment markets.
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The global food packaging technology market is projected to reach a value of $46,694.4 million by 2019, at a CAGR of 6.1% from 2014 to 2019; whereas, the global food packaging equipment market is projected to reach $19,215.4 million by 2019, at a CAGR of 4.8% from 2014 to 2019.
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