COVID-19 Impacts: Food and Beverage Packaging Machinery Market Will Accelerate at a CAGR of Almost 6% Through 2020-2024 | Booming E-commerce and Retail Industry to Boost Growth | Technavio

·6-min read

Technavio has been monitoring the food and beverage packaging machinery market and it is poised to grow by USD 8.93 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Food and Beverage Packaging Machinery Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what rate is the market projected to grow during the forecast period 2020-2024?

  • Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.

  • Who are the top players in the market?

  • GEA Group AG, I.M.A. Industria Macchine Automatiche Spa, Krones AG, Multivac Inc., Orion Packaging LLC, Salzgitter AG, Selo, Syntegon Technology GmbH, Tetra Laval International SA, and VELTEKO sro are some of the major market participants.

  • Which region is expected to hold the highest market share?

  • APAC

  • What is a major trend in the market?

  • Use of advanced technologies to increase efficiency is a major trend driving the market growth.

  • What is the year-over-year growth rate of the global market?

  • The year-over-year growth rate for 2020 is estimated at 4.99%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. GEA Group AG, I.M.A. Industria Macchine Automatiche Spa, Krones AG, Multivac Inc., Orion Packaging LLC, Salzgitter AG, Selo, Syntegon Technology GmbH, Tetra Laval International SA, and VELTEKO sro are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The booming e-commerce and retail industry have been instrumental in driving the growth of the market.

Food and Beverage Packaging Machinery Market 2020-2024: Segmentation

Food and Beverage Packaging Machinery Market is segmented as below:

  • End-user

    • Food Industry

    • Beverage Industry

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41153

Food and Beverage Packaging Machinery Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our food and beverage packaging machinery market report covers the following areas:

  • Food and Beverage Packaging Machinery Market size

  • Food and Beverage Packaging Machinery Market trends

  • Food and Beverage Packaging Machinery Market analysis

This study identifies the use of advanced technologies to increase efficiency as one of the prime reasons driving the food and beverage packaging machinery market growth during the next few years.

Food and Beverage Packaging Machinery Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the food and beverage packaging machinery market, including some of the vendors such as GEA Group AG, I.M.A. Industria Macchine Automatiche Spa, Krones AG, Multivac Inc., Orion Packaging LLC, Salzgitter AG, Selo, Syntegon Technology GmbH, Tetra Laval International SA, and VELTEKO sro. Backed with competitive intelligence and benchmarking, our research reports on the food and beverage packaging machinery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Food and Beverage Packaging Machinery Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist food and beverage packaging machinery market growth during the next five years

  • Estimation of the food and beverage packaging machinery market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the food and beverage packaging machinery market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of food and beverage packaging machinery market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface

  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Value chain analysis

  • Market characteristics

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market Outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user

  • Comparison by end-user

  • Food industry - Market size and forecast 2019-2024

  • Beverage industry - Market size and forecast 2019-2024

  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Rapid automation of processing plants

  • Use of advanced technologies to increase efficiency

  • Increasing adoption of innovations

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • GEA Group AG

  • I.M.A. Industria Macchine Automatiche Spa

  • Krones AG

  • Multivac Inc.

  • Orion Packaging LLC

  • Salzgitter AG

  • Selo

  • Syntegon Technology GmbH

  • Tetra Laval International SA

  • VELTEKO sro

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200806005677/en/

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