Food Processing Machinery - Growing Focus on Safety Features of Food Processing Machinery is a Key Trend| Technavio
May 16 2018 - 3:04PM
Business Wire
Technavio market research analysts forecast the global
food processing machinery market to grow at a CAGR of close to
6% during the period 2018-2022, according to their latest
report.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180516006338/en/
Technavio has published a new market
research report on the global food processing machinery market from
2018-2022. (Graphic: Business Wire)
In this report, Technavio highlights the growing focus on safety
features of food processing machinery as one of the key emerging
trends in the global food processing machinery market. One
of the major concerns for food manufacturers is the safety of
operators of food processing machinery, especially for those
operating commercial meat processing machinery. In countries such
as the UK, nearly 15%-20% of the fatal injuries suffered by workers
was caused by contact with machinery in the manufacturing sector
during 2016-2017. In the US, the number of injuries in food
processing plants is more than in other manufacturing sectors. Some
of the common injuries include cuts and amputations, electric
shocks, burns and scalds, and soreness and loss of function of
wrists and arms.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
Save more with Technavio. Buy 2 reports and get
the third for FREE: View all Technavio’s current
offers
In this report, Technavio analysts pinpoint the growth of the
global packaged food market at over 17% as a major driver for the
global food processing machinery market:
Anticipated growth of over 17% in the
global packaged food market during the forecast
period
Packaged food offers the convenience of consumption and is
widely being adopted by consumers. The demand for packaged food is
expected to grow exponentially, as packaged food offers longer
shelf life, better hygiene, and improved convenience in handling
and storage over other food products. For example, in countries
such as the UK, the demand for packaged food products are 4-5 times
more than that of loosely sold, fresh food products.
According to a senior analyst at Technavio
for packaging, “The global packaged food market was valued
at USD 2.58 trillion in 2017 and is expected to rise to USD 3.03
trillion by 2022 during 2017-2022. Countries such as North America
is one of the biggest markets for packaged food mainly owing to the
increased consumption of packaged food in North America when
compared with fresh food consumption.”
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report such as the market size and
forecast, drivers, challenges, trends, and more.
Global food processing machinery market
segmentation
This market research report segments the global food
processing machinery market into the following applications
(meat, poultry, and seafood; bakery; and dairy) and key regions
(the Americas, APAC, and EMEA).
Of the three major applications, the meat, poultry, and seafood
segment held the largest market share in 2017, accounting for
nearly 39% of the market. The market share for this application is
expected to increase by 2022. The fastest growing application is
bakery, which will account for nearly 29% of the total market share
by 2022.
The Americas was the leading region for the global food
processing machinery market in 2017, accounting for a market share
of nearly 36%. However, by 2022, EMEA is expected to surpass APAC
to become the leading region, accounting for a market share of
nearly 34%.
Save big with Technavio this
May!
Find out what companies are venturing in
to beat the heat this summer! Technavio indulges you with a massive
20% OFF on all
non-alcoholic beverages reports for
the entire month.
OR
Technavio honors the achievements and
efforts of Motherhood this Mother's Day by offering a whopping
30% OFF on all cosmetics and toiletry reports. Offer
valid from 7th May for a limited period.
About Technavio
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 10,000 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.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180516006338/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com