Food Tray Sealing Machines Market to Reach $6.2 Billion by 2033; Rising Demand for Packaged Foods to Propel Growth
Food tray sealing machines market size from USD 3.9 billion in 2023 to USD 6.2 billion in 10 years. The increasing demand for packaged and fresh food is expected to drive the market’s growth. North America emerged as the largest global food tray sealing machines market, with a 34.8% market revenue share in 2023.
Newark, April 25, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 3.9 billion food tray sealing machines market will reach USD 6.2 billion by 2033. The term “food tray sealing machines” refers to automated equipment widely used in the food and beverage industry to seal food products to prevent spills and leaks. It also helps maintain food freshness and hygiene before giving it to the final consumer. The food and beverage industry’s use of technology is driving up demand for food tray-sealing machines. Due to the development in businesses that revolve around food packaging and solutions, vendors are forced to implement faster processing units to expand machine performance, involving attractive packaging. These devices go by top sealers, heat sealers, and tray lidding machines. The market is expanding primarily due to consumer demand for food safety, extended shelf life, and cost- and operational-effectiveness-conscious food packaging practices.
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North America to account for the largest market size during the forecast period.
Because of its advanced food sector, North America held a dominant position in the market for food tray sealing machines. Tight regulations further highlight the importance of food safety and the high demand for packaged, easily consumable foods, which propels the market’s expansion in the area. Because of the region’s highly developed production facilities and rising demand for fresh, ready-to-eat foods, food tray sealing machines are frequently employed throughout North America.
The fully automatic segment dominated the market with the most significant revenue of USD 1.63 billion.
The fully automatic segment dominated the market with the most significant revenue of USD 1.63 billion. Automating processes, including tray handling, cutting, and film sealing, boosts output, decreases production time, and lowers the possibility of human error. Fully automatic food tray sealing machines are the go-to option in the industry due to their ease and productivity improvements, which are becoming increasingly important to the food processing industries.
The fresh food segment dominated the market with the most significant revenue of USD 1.32 billion.
The fresh food segment dominated the market with the most significant revenue of USD 1.32 billion. The popularity of food tray sealing machines in fresh food packing can be attributed to their convenient portion control and ready-to-eat options in sealed trays. Because ready-to-eat meals are becoming increasingly convenient, the use of food tray sealing machines for ready meals is expanding at the fastest rate.
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Market Dynamics:
Driver: Increasing demand for packaged food
Due to population increase and rising demand for packaged food, the food and beverage industry is experiencing explosive global expansion, driving the market for food tray sealing machines. The need for packaged food is rising due to growing urbanisation and an increase in the working population. The M.A.P. of a tray, the artificial creation of the desired atmosphere inside airtight packaging via gas barrier films, is becoming increasingly popular. This is driving the market’s growth, as consumers are adopting the M.A.P. of a tray at a high rate for the packaging of fresh products, as it helps to extend the shelf life of fresh products by about one week.
Restraint: Cheap alternatives
There has been a decrease in food tray sealing machine sales due to low-cost substitutes, other packaging options, and a shaky supply chain. Changes have hindered the development of food tray-sealing machines in the surrounding environment and climate. Government production restrictions on these tray laminates will hamper the market’s growth.
Some of the major players operating in the food tray sealing machines market are:
● SEALPAC
● Ishida
● Platinum Package
● Cima-Pak
● Proseal
● Multivac
● ULMA Packaging
● Tramper Technology
● BELCA
● Ilpra
Key Segments cover in the market:
By Type:
● Fully Automatic
● Semi-Automatic
● Manual
By Application:
● Processed Food
● Fresh Food
● Ready Meal
● Others
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About the report:
The global food tray sealing machines market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. They have a robust forecasting and estimation model to meet the client’s objectives of high-quality output within a short period. They provide both customized (client-specific) and syndicate reports. Their repository of syndicate reports is diverse across all the categories and sub-categories across domains. Their customized solutions meet the client’s requirements whether they are looking to expand or planning to launch a new product in the global market.
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