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Packaging machinery manufacturing has promising expectations in the coming years. Based on one of the latest studies, Allied Market Research, Global Packaging Machinery market, valued approx at 43.52 Mio$ in 2020, is projected to reach almost 70 Mio$ by 2030, with a CAGR of 4,7% forecasted (2020-2030).
In addition, covid-19 has affected market growth due to blocking measures and delays in manufacturing and production, but less than other manufacturing businesses worldwide.
Driving key facts of packaging industry
This market is keeping its positive trend due to the increase of applications in a wide range of industries, like food and beverage, healthcare, cosmetics, as well as Industrial sectors where packaging has become essential.
The market increase is driven by:
• Increase of consumer goods demand
• Adoption of automated packaging machines, that reduces the whole production process time
• Development of energy efficient machines
• Increasing demand for packaging robots
Increasing segments of packaging machinery market
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