Technavio has published a new report on the global primary food processing machinery market from 2017-2021. (Graphic: Business Wire)
Technavio has published a new report on the global primary food processing machinery market from 2017-2021. (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--Technavio has announced the top five leading vendors in their recent global primary food processing machinery (PFPM) market report. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
The global food industry is growing at a significant pace, creating opportunities for many manufacturers to introduce their products. The demand for food is expected to increase between 60% to 90% by 2050. Therefore, farmers are raising the crop production worldwide by increasing the amount of agricultural land. Farmers are also enhancing productivity on the existing agricultural lands by using fertilizers, irrigation, and adopting new techniques like precision farming.
The global PFPM market is composed of manufacturers that operate in advanced production facilities and specialize in high-end machines. Europe and North America are the mature markets for the PFPM industry. Therefore, vendors are exporting to and expanding into the emerging markets like APAC.
“Vendors in the market primarily compete based on technical innovation, product performance, aftersales services, and price. They exert strong control over equipment prices as steel prices are high, and there are no direct substitutes for these pieces of machinery,” says Sharan Raj, a lead packaging research analyst from Technavio.
The competitive environment in this market is expected to intensify further due to the rise in product extensions, technological innovations, and M&A during the forecast period. The market requires increased focus in terms of reducing operating costs, providing higher yields, and facilitating the production of better quality products.
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Top five PFPM market vendors
Anko Food Machine manufactures a complete range of high-tech food processing machinery. These products include machines for dumpling, automatic spring rolls, samosa, and various other ethnic food-making machines.
Buhler focuses on offering production technologies along with services to manufacture advanced materials and produce food. The company focuses on targeting the packaging industry through its broad range of products. Its strong portfolio helps in strengthening its position in the market across the world.
GEA Group provides a wide range of technologies for the food processing industry. The company focuses on targeting the packaging industry through its broad range of products. This strong portfolio helps the company in strengthening its position in the market across the world.
Krones offers machinery and systems for filling, packaging, and beverage production. Customers of the company include breweries, beverage producers, and companies from the food, chemical, pharmaceutical, and cosmetic industries.
Tetra Laval is a global manufacturer and supplier of packaging technologies. It aids the food and beverages industry in packaging the products efficiently. The company focuses the packaging industry through its broad range of products. Its strong portfolio helps in strengthening its position in the market worldwide. Tetra Laval has undertaken several initiatives for improving its position in the sector.
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 630 333 9501 UK: +44 208 123 1770 www.technavio.com
Technavio has announced the top five leading vendors in their recent global primary food processing machinery (PFPM) market report from 2017-2021.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 630 333 9501 UK: +44 208 123 1770 www.technavio.com