Technology Innovation Spurs Food & Beverage Processing

Growth in the glob­al food and bev­er­age pro­cess­ing and pack­ag­ing equip­ment mar­ket looks promis­ing over the next four years. Frost & Sullivan’s lat­est analy­sis reveals that improved eco­nom­ic con­di­tions in emerg­ing nations, chang­ing dietary pref­er­ences glob­al­ly, and a ris­ing demand for nutri­tious and ready-to-eat food prod­ucts are dri­ving demand for food proces­sors and boost­ing growth in the pack­ag­ing equip­ment mar­ket. The glob­al food and bev­er­ages pro­cess­ing and pack­ag­ing equip­ment mar­ket is expect­ed to expand at a CAGR of 4.1% from 2017 until 2022 and reach $78.6 billion.
“With increas­ing food and bev­er­ages prod­uct demand and a grow­ing empha­sis on food safe­ty, food proces­sors are reliant on equip­ment man­u­fac­tur­ers to pro­vide pro­cess­ing and pack­ag­ing equip­ment that is agile and uti­lizes advanced tech­nolo­gies to min­i­mize ener­gy usage, oper­ate at a high­er effi­cien­cy, and improve yield,” said Arun Ramesh, Team Lead, Agri­cul­ture and Nutri­tion, Vision­ary Sci­ence, Frost & Sullivan.
The glob­al demand for food prod­ucts has led equip­ment man­u­fac­tur­ers to acquire, merge, and part­ner with com­pa­nies to lever­age tech­nol­o­gy inno­va­tion. To remain com­pet­i­tive in an evolv­ing mar­ket, Ramesh rec­om­mends that play­ers cre­ate smarter prod­ucts by invest­ing in new capa­bil­i­ties such as advanced data and ana­lyt­ics, robot­ics and automa­tion, and extend their capa­bil­i­ties to offer full solu­tions, includ­ing instal­la­tion, mon­i­tor­ing, ser­vices, and inte­gra­tion. Addi­tion­al fac­tors imper­a­tive to growth include:

• Equip­ment man­u­fac­tur­ers upgrad­ing to advanced machin­ery for pro­cess­ing and pack­ag­ing to cater to chang­ing con­sumer pref­er­ences and con­sump­tion patterns
• Using machine learn­ing and oth­er tools to pre­dict process delays, make improve­ments to engi­neer­ing and opti­mize equip­ment design
• Refresh­ing oper­at­ing mod­els with an empha­sis on enhanced after-sales and growth-focused strategies

Glob­al Food and Bev­er­ages Pro­cess­ing and Pack­ag­ing Equip­ment Mar­ket, Fore­cast to 2022 mar­ket intel­li­gence exam­ines glob­al growth oppor­tu­ni­ties in the food and bev­er­ages pro­cess­ing and pack­ag­ing equip­ment mar­ket in detail with an empha­sis on key growth fac­tors across end-appli­ca­tion seg­ments, glob­al and region­al mar­ket trends, tech­nolo­gies, and prod­uct innovations.