Food Packaging Technology Market to be worth $46,694.4 Million and Food Packaging Equipment Market to reach $19,215.4 Million by 2019 – New Report by MarketsandMarkets
(PRWEB) September 16, 2014 -- In the market research 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", MarketsandMarkets defines and segments the global Market with analyses and projections of the market size, in terms of value. It also segments the market on the basis of the product types and applications.
Browse 89 market data tables with 62 figures spread through 173 pages and in-depth TOC on "Food Packaging Technology & Equipment Market - Trends &Forecast to 2019".
http://www.marketsandmarkets.com/Market-Reports/food-packaging-technology-equipment-market-171847215.html
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This research report includes the market for both the technology and equipment used for packaging of food products. The market for packaging technology is projected at a CAGR of 6.1%, while the packaging equipment market is projected to grow at a CAGR of 4.8% from 2014 to 2019. According to the report, rise in health concerns among consumers, coupled with rigorous stringent food safety regulations, is driving the global market.
Food packaging applications segment in the report 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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In this report, 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.
The report also identifies the driving and restraining factors for the global market with an analysis of the trends, opportunities, winning imperatives, and challenges. The market is segmented and the forecasted on the basis of the key regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). It covers the key countries with the market size and trends projected for them across each region.
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