COVID-19 Impacts: Food & Beverage Packaging Machinery Market Will Accelerate at a CAGR of Almost 6% Through 2020-2024 | Boomi...
August 06 2020 - 5:15PM
Business Wire
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
About Us
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positions within changing market scenarios.
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version on businesswire.com: https://www.businesswire.com/news/home/20200806005677/en/
Technavio Research Jesse Maida Media & Marketing Executive
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