The packaging machinery market size was valued at US$ 43.53 Billion in 2020 readmarketresearch.com
The packaging machinery market size was valued at US$ 43.53 Billion in 2020, and is projected to reach US$ 61.27 Billion by 2027, with a CAGR of 4.77% from 2021 to 2027.
The rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods demand driving the adoption of automated packaging equipment/machinery. In comparison to older models, modern automated packaging machines are used in various steps of packaging and ensure that the processes are completed in minutes rather than hours. Another important factor driving the packing machinery market is the rise in demand for packaging robots from a variety of end-user industries. Packaging machines are critical in guaranteeing product safety across the supply chain.
The companies mentioned in the report are:
Barry-Wehmiller Companies
GEA Group
Illinois Tool Works
Krones
Robert Bosch
The report is designed to offer very important and crucial information about the Packaging Machinery market and industry. For the purpose of this study, the market of Packaging Machinery has been segmented into type, application, regions and countries. Each segment of the report will provide a detailed analysis of the market in terms of quantitative and qualitative information, the report offers market revenue (USD Million), market share in %, market CAGR from 2021 to 2027.
For More: https://www.readmarketresearch.com/sample-request/170849-global-packaging-machinery-market
Report Story