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
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.
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:
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.
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
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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