The development of packaging technology has witnessed significant growth over the last decade. Packaging has become one of the essential processes before offering the final product to consumers. The primary applications of packaging machinery are in a wide range of industries across food & drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.
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The global packaging machinery market size was valued at $43,520.0 million in 2020, and is projected to reach $69,218.0 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
Packaging machines play a vital role in ensuring product safety throughout the supply chain. The increase in demand for packaging robots from several end-user industries such as food & beverages, pharmaceuticals, and chemicals drive the packaging machinery market growth.
Top 10 Leading Players
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Key Market Segments
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