Tray Sealing Machines Revenues Will Nearly Double Between 2022 And 2031, Reaching Nearly US$ 4.9 Bn In 2031

The tray sealing machines market will report impressive growth through 2021 with worldwide revenues up  4.6%  between 2020 and 2031. Future Market Insights (FMI) analysis states that tray sealing machines revenues will nearly double between 2021 and 2031, reaching nearly  US$ 4.9 Bn  in 2031 with a ten-year compound annual growth rate (CAGR) of  6.0%.

The consumption of tray sealing machines is estimated increase almost double in next ten years. The demand for tray sealing machines is consistently increasing, as these machines help optimize human error during packaging processes, while preventing contamination of the consumable products.

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The demand for packaged fresh produce products and ready-to-eat meals has witnessed rapid growth over the past decade. Advanced packaging technologies, including VSP and MAP, are the prominent growth drivers owing to the extended shelf life of the products, thereby propelling the demand for tray sealing machines.

Key players are emphasizing fully automated process lines with minimum human intervention. Automated food processing and packaging machines ensure minimal wastage and enhanced productivity.

Factors such as customized size of trays, high barrier films, and clean sealing provide opportunities to increase branding of the product and promote brand loyalty. In addition, end users are gaining the trust of the consumers with see-through, clean packaging formats. Tray sealing machines are a cost-effective way to achieve aforesaid benefits.

The consumption of tray sealing machines are estimated to increase owing to a wide scale of applications including meat, poultry and seafood, bakery and confectionery, fresh produce, ready meals, sweets and dry fruits among others.

Tray sealing machines are preferred with Modified Atmospheric Packaging (M.A.P.) packaging formats to ensure product quality. Therefore, this segment is estimated to grow by two times of the current value, by the end of 2031.

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Key Takeaways from Tray Sealing Machines Market

• The sales of automatic tray sealing machines can be attributed to reducing downtime while boosting productivity accounting for more than 44%of the global market by 2031.
• Meat, poultry and seafood applications are expected to create an incremental opportunity of US$ 796.7 Mn by 2031, owing to use in the frozen product sector.
• Germany holds the lead in Europe with a valuation of US$ 138 Mn in 2021, owing to a prominent manufacturing sector.
• Canada reflects an above average growth, and is expected to account for 20% of the North America market by 2031.
• China will hold around 72% of the East Asia market, supported by growing consumer preference for processed foods.

“Tray sealing machines are gaining traction, especially in the food industry with demand for improvements in shelf life of processed and packaged food and higher prospects of impulse purchases. Market across Asia will emerge as highly lucrative, steered by expansion of food courts, restaurants and giant food-chains, through 2031,” says an FMI analyst.

Impact of COVID-19 on Tray Sealing Machines Market

Amid the COVID-19 crisis, the demand from the manufacturing industry has declined. The growth of the tray sealing machines market has moderately impacted applications in packaged food products.

On the other hand, consumers are concerned about hygienic packaging which has created opportunities for meal tray producers. Recovery from this pandemic is expected to maximise the demand for tray sealing machines in the coming years.

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Who is Winning?

Leading players in the tray sealing machines market are largely focused on investments into product development and capacity expansion to consolidate their position in a competitive environment.

• AptarGroup, Inc,
• John Bean Technologies Corporation (JBT),
• Omori Machinery Co., Ltd,
• ISHIDA CO., LTD

are the top players operating in the tray sealing machines market.

Tier 3 players include

• ILPRA SPA,
• Robert Reiser & Co., Inc,
• ProMach, Inc,
• Valko s.r.l.,
• Packaging Automation Limited,
• Starview Packaging Machinery Inc.

which hold 70-75% in the global tray sealing machines market

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