Today’s manufacturers of food processing and packaging equipment face a rapidly changing and highly demanding global market. Manufacturers must offer a broader selection of products, at lower costs, and supplement their selections with a higher level of value-added engineering, design, and other services. R&D spending, as well as increasing competition, patent expiries, and new technologies will drive growth in this market for the foreseeable future.
BCC Research provides an in-depth analysis of the global food processing and packaging equipment market through its report Global Markets for Food Processing and Food Packaging Equipment. According to the report, this market was valued at $21.7 billion for 2012 and $23 billion for 2013. BCC Research expects the market to grow to nearly $31.3 billion by 2018 and register a five-year compound annual growth rate of 6.3% from 2013 to 2018.
Use this report to:
- Gain an overview of the global market for food processing and packaging equipment.
- Analyze global market trends, with data from 2011, 2012, and 2013, and projections of CAGRs through 2018.
- Assess breakdowns of the market by region, application, packaging and processing technology, and by food type.
- Review profiles of major players in the industry.
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