Food Packaging Machines: 2028 - Expected to reach new heights of $115.85 billion

Release Date: 2024-04-22

Food packaging machine, as the key equipment for the food industry, it runs through the whole process of packaging such as forming, filling, sealing to wrapping, and more involved in a series of auxiliary processes such as cleaning, sterilization, labeling. In recent years, with the rise of labor costs in the manufacturing industry and the strengthening of automation trends, food manufacturing enterprises have chosen food packaging machines to replace traditional manual labor, thus promoting the rapid growth of the packaging machine market.

According to statistics, the output of food packaging machines in China has continued to climb between 2019 and 2022, and the output has exceeded 307,000 units in 2022, with a year-on-year increase of 27.39%. Behind this trend, it reflects the food industry's urgent need for automation and intelligent packaging technology.

The food packaging machine industry is not a field that can be entered easily. It requires deep technical accumulation, strict quality control and excellent service capabilities. This has also prompted the industry to continuously increase the investment in patent applications and technology research and development. In recent years, the patent application efficiency of China's food packaging machines has increased year by year, from 60.8% to 72.7%, with increasing technological strength.

In terms of market size, China's food packaging machine industry has exceeded 43.37 billion yuan mark in 2023, with a CAGR of 37.8%. Looking ahead, with the continuous upgrading of residential food consumption, it is expected that by 2028, the overall market size is expected to reach 115.85 billion yuan, with a CAGR of 21.3% will remain high.

Food packaging machine not only improves production efficiency and reduces the risk of contamination, but also ensures the quality and stability of the product and extends the shelf life. These advantages make food packaging machines widely used in the food and beverage industry. Food packaging machines provide temperature regulation and packaging solutions for all types of food products ranging from fruits and vegetables to dairy, meat and seafood.

Globally, the food packaging equipment market is equally booming.The global food packaging equipment market size has reached USD 17.7 billion in 2022 and is expected to grow to USD 24.1 billion by 2028, at a CAGR of 5.14%, according to forecasts.

With the continuous progress of technology and the continuous expansion of the market, the food packaging machine industry will usher in a broader development prospect. Expect more innovative technologies and products to emerge, injecting new vitality into the development of the food industry.