Middle East and Africa Food Packaging Technology and Equipment Market was worth $3.74 billion in 2020 and estimated to be growing at a CAGR of 5.943%, to reach $ 4.98 billion & Food Packaging Equipment Market was worth $1.18 billion in 2020 and estimated to be growing at a CAGR of 2.44%, to reach $ 1.33 billion by 2025. The global markets for Technology and Equipment market are growing very rapidly because of increasing health concerns in consumers and strict food-safety rules. Thus, a huge number of packaging equipment are working in the food industry.
Adoption of efficient and latest packaging technology is important factor for increase in the production of fancy and unusual shaped products with retained quality as well as has automated the process to reduce the labour cost. Different methods of packaging food are done by various companies. Some choose to use materials that are functional, while others put aesthetic and appeal as more of a priority. Overall, the market for food packaging is rising as more production facilities are built to meet the new trends of food packaging.
Increasing shelf life and food quality sustainability are the two important factors for the growth of Food Packaging Technology & Equipment Market Increase in demand for beautiful, innovative, and convenient-to-carry packaging for separating the product from the rest is expected to increase the growth of the market. Moreover, rise in purchasing power, increase in number of online grocery orders and wide consumer base of on-the-go consumer further increases the demand for packaging, which in turn is expected to drive the market. High investment for machinery and travelling are the restraints in this market.
Food packaging involves various processes, types of equipment, and applications. It is segmented by Technology, by Equipment, by Application and by region. Food Packaging Technology Market, by Type is segmented into Controlled packaging, Active packaging, Advanced packaging, Intelligent packaging, Aseptic packaging and others. Food Packaging Equipment Market, by Type is segmented to Form, fill and seal, Labelling & coding, Wrapping, Case packing and Other machinery. On the basis of Application, the market is segmented into Dairy products, Bakery & confectionery, Poultry, seafood & meat products, Convenience foods, Fruits & vegetables and Others.
Geographically the Middle East and Africa Food Packaging Technology And Equipment Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The private sector plays a key role in bankrolling the Food sector in Africa, with more than 50% of the investment being undertaken by them. The Food packaging market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China and UK are investing in the region and this increased financial revenue will aid the food sectors in this region. The Middle East and Africa has a share of 8% Global market.
Key Players in the Market:
Major Key Palyers in the MEA Food Packaging Technology And Equipment Market are
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