The global sales of meal tray sealing machines are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.3 billion by 2031. Sales are projected to rise at a CAGR of 5.8% over the forecast period between 2021 and 2031. The revenue generated by meal tray sealing machines in 2020 was USD 1.2 billion.
The growing demand for convenience and ready-to-consume foodstuffs, especially in metropolitan cities, is one of the drivers stirring up the market demand for meal tray-sealing machines. Food delivery services and enhanced concern towards hygiene and safety of food intake add to the high demand.
The trends that can be spotted in the market comprise the development of technologies regarding automation and sealing, which make the machines faster and quite reliable; a shift towards environmental concern by favouring packaging methods that have minimal impact on the environment, hence coinciding with the sustainable development.
Global Meal Tray Sealing Machines Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.3 billion |
| Value-based CAGR (2021 to 2031) | 5.8% |
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Rising awareness about hygiene packaging products/solutions augmenting the growth of meal tray sealing machines market. Amid covid-19 effect the awareness about hygiene product and increasing need for packaging food as a safety concern fuels the growth of the meal tray sealing machines market.
With the help of new technologies like VAP and MAP tray desired atmosphere is created by making use of gas barrier films. Most of the tray sealing machines used is of MAP tray which has capacity to preserve food for longer period of time. Thus increasing demand for packaging food fuels the demand for meal tray sealing machines market.
Automation in meal tray sealing machines makes packaging processes more efficient and quick. Therefore, meal tray sealing machines comes under automation sector in recent years. The growth of automation sector in packaging food products drives the demand for meal tray sealing machine market.
Machine learning and automation technologies are fastest growing industries in recent years owing to improve efficiency, more productivity, and minimize human errors. Thus adoption of automation in meal tray sealing machines drives the demand of meal tray sealing machines market.
Europe is the largest contributor to meal tray sealing machines market, owing to technological innovations and adoption of advanced automation infrastructure by large packaging manufacturing companies in the top European countries such as France, Germany, Italy, France, and UK.
For instance, March 2021, Proseal announced partnership with Chefgood. This partnership helps company to install at the Chefgood factory in Moorabbin, Victoria, and to replace the company’s original tray sealer from another supplier.
Growth of machine leaning and automation industry in top economies as well as the stringent government regulations in countries like France, Germany, Italy, UK, and Spain has been one of the major driving factor for the growth of the meal tray sealing machines market.
Asia Pacific is anticipated is the second largest contributor to meal tray sealing machines market during the forecast period. The factors such as increasing disposable income of consumers, awareness among people due to COVID-19 pandemic, rising focus on hygienic packaging solutions in Asia Pacific region augments the growth of the meal tray sealing machines market in coming years.
Also rising investments in automation sector by key vendors in Asia Pacific region propels the growth of the meal tray sealing machines market.
Asia Pacific has key vendor such as
Presence of such key vendors propels the growth of the meal tray sealing machines market in Asia Pacific region.
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Some of the leading vendors and companies of meal tray sealing machines market include
These vendors have adopted various key strategies, to increase their customer base locally and globally. They are also spending millions of dollars into product R&D to fulfil the unmet needs of their customers for meal tray sealing machines market.
Furthermore, many companies are focusing on strategic partnership with small and mid-sized distributers present in this market to expand business at global level.
For instance, In January 2020, Promark Technology Announced USA Distribution Relationship with Pivot3. Through this partnership Promark distributes hyper converged infrastructure (HCI) solutions and PCIe flash arrays to its growing base of channel partners of Pivot3 in the United States.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
| Estimated Size, 2024 | USD 5.9 billion |
|---|---|
| Projected Size, 2034 | USD 8.2 billion |
| Value-based CAGR (2024 to 2034) | 3.5% |
| Market Share (2023) | USD 1.26 billion |
|---|---|
| Market Share (2033) | USD 1.97 billion |
| Market Share (2023 to 2033) | 4.6% |
| Market Size (2023) | USD 3.34 billion |
|---|---|
| Market Size (2033) | USD 4.94 billion |
| Market CAGR (2023 to 2033) | 4.0% |
| Market Size (2022) | USD 1.2 Billion |
|---|---|
| Market Size (2032) | USD 2.15 Billion |
| Market CAGR (2022 to 2032) | 6% |
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Meal Tray Sealing Machines Market
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