Packaging Machinery Market - Forecast(2021 - 2026)
Packaging Machinery Market Overview The Packaging Machinery market is forecast to reach $40 billion by 2025 , growing at a CAGR of 5% during 2019-2025. The packaging machinery market is likely to witness a strong growth from e-commerce sector as the industry experienced a Y-o-Y growth of 11.32% from 2017. Similarly, the changing customer preferences from using plastic based packaging to environmental friendly packaging is anticipated to drive the market for new packaging machinery during 2019-2025. Many end users are replacing their older machine with the new packaging machine which can process biodegradable materials. Similarly, the surging demand for packaged and processed food is likely to increasing the demand for packaging machinery in food and beverages sector. Packaging Machinery Market Report Coverage The report: “Packaging Machinery Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Packaging Machinery Market.