Food Processing and Handling Equipment Market 2022 historical, projected revenue figures, growth rate throughout the forecast period 2028

Posted on Jun 10 2022 5:37 AM

"Food Processing and Handling Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecasts, 2021-2028 "

The Global Food Processing and Handling Equipment Industry Revenue 2022. 2022 research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Food Processing and Handling Equipment Market growth research report offers the historic data and provides the forecast based on revenue. With the help of all these information, research report helps the market participants to improve market positions.

The Food Processing and Handling Equipment Market is projected to grow from USD 102.78 billion in 2021 to USD 138.41 billion in 2028 at a CAGR of 4.3% in the 2021-2028 period.

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Report Coverage

We provide reports which are conducted with an all-inclusive examination approach that majorly emphasizes delivering precise material. Our scholars have applied a data triangulation method which further assists us in offering trustworthy estimations and testing the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Industry Development

  • April 2019:   JBT Corporation announced a conclusive contract of acquiring Proseal U.K. Ltd., which is a tray packing technology supplier in the food industry, such as ready-to-eat meals, sandwiches, fresh harvest, and proteins, augmenting the freshness and taste of the food product.

List of Key Companies Operating in Food Processing and Handling Equipment Market Include:

  • Buhler Ag (Uzwil, Switzerland)
  • JBT (Chicago, Illinois)
  • I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.  (Bologna, Italy)
  • Tetra Pak International S.A. (Tetra Laval) (Pully, Switzerland)
  • The Middleby Corporation (Elgin, Illinois)
  • Welbilt (New Port Richey, Florida)
  • Krones AG (Neutraubling, Germany)
  • GEA Group Aktiengesellschaft (Düsseldorf, Germany)
  • ALFA LAVAL (Sweden)
  • Dover Corporation (Downers Grove, Illinois)

Growing Demand for Sanitized Convenience Food Products to Promote Market Growth

Convenience meals are anticipated to display dynamic growth rates in the upcoming future due to the dual-income families that are determining the rapid urban lifestyle. According to the Food Drink Europe, which is a food industry association in the European Union stated, Europe holds the utmost intake rate of processed and ready meals, roughly spent up to 6.7 billion in 2017, followed by North America, Asia Pacific, Latin America, and the Middle East and Africa in the same order. Consequently, the demand for convenience food products is anticipated to rise in developing countries as well. This is further expected to spur the food processing and handling equipment market growth in the near future.

Key Players Collaborate to Broaden their Market Reach and Gain Prominence

The major players in the market are consistently opting for efficient strategies to assist them in maintaining a superior level in the market. They apply various tactics such as form mergers, initiate acquisitions, sign partnerships, and collaborate to bolster both the involved companies’ market value. For instance, in August 2019, Buhler Group and Premier Tech based in Canada declared the establishment of tactical cooperation for flexible wrapping solutions in China. It is an amalgamation of Premier Tech’s product collection and proficiency and Buhler’s competent, precise, and food welfare programmed technologies facilitating forthcoming packaging solutions.

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COVID-19 Impact Analysis:

Final Report will add the analysis of the impact of COVID-19 on this Industry.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 Detailed Report Overview-

Industry Trends and Developments: In this section, the authors of the research discuss the significant trends and developments that are occurring in the Food Processing and Handling Equipment Market1 place, as well as their expected impact on the overall growth.

Analysis of the Industry’s size and forecast: The Industry analysts have provided information on the size of the Industry from both a value and volume standpoint, including historical, present and projected figures.

Future Prospects: In this portion of the study Industry participants are presented with information about the prospects that the Food Processing and Handling Equipment Market1 is likely to supply them with.

The Competitive Landscape: This section of the study sheds light on the competitive landscape of the Food Processing and Handling Equipment Market1 by examining the important strategies implemented by vendors to strengthen their position in the Food Processing and Handling Equipment Market1.

Study on Industry Segmentation: This section of the study contains a detailed overview of the important Food Processing and Handling Equipment Market segments, which include product type, application, and vertical, among others.

In-Depth Regional Analysis: Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.

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The following are the study objectives for Food Processing and Handling Equipment Market forecast report:

  • SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
  • Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
  • Determine whether trends and factors are driving or limiting market growth.
  • By identifying high-growth categories, stakeholders would be able to analyse market potential.
  • Conduct a strategic study of each submarket's growth trends and market contribution.
  • Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
  • To create a strategic profile of the main players and analyse their growth plans in depth.

Major Table of Contents for Food Processing and Handling Equipment Market1 Research Report:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Asia Pacific Food Processing and Handling Equipment Market1 Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • PESTLE Analysis
    • Porter’s Five Force Analysis
    • Asia Pacific Food Processing and Handling Equipment Market Share Analysis and Matrix, 2019
  • Latin America Food Processing and Handling Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
  • By Country (Value)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Profiles of Key Players (Would be provided for 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

TOC Continued.

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