Projected Value of Food Packaging Equipment Market to Reach $25.37 Billion with 12,131.3 Thousand Units by 2029
Meticulous Research® - a leading market research company, published a research report titled “Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography - Global Forecasts to 2029”.
The Food Packaging Equipment Market is poised for substantial growth, with an anticipated CAGR of 6% from 2022, projecting to reach $25.37 billion by 2029. In terms of volume, the market is expected to expand at a CAGR of 8% during the same period, reaching 12,131.3 thousand units by 2029. This growth is primarily fueled by factors such as the increasing integration of automated technologies, machinery flexibility, and the burgeoning demand for hygienic food packaging. Additionally, food manufacturers are increasingly inclined towards efficient packaging products.
The types of equipment encompass form-fill-seal, cartoning, filling & dosing, wrapping & bundling, case packing, labeling & coding, inspecting, detecting, and checking weighing machines, among others.
In 2022, form-fill-seal equipment is expected to dominate the market, particularly attributed to the speed and versatility it offers, streamlining packaging processes. This segment includes both vertical and horizontal form-fill-seal equipment, with the former accounting for a larger share due to its suitability for automated assembly-line packaging systems.
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https://www.meticulousresearch.com/download-sample-report/cp_id=5249
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Meticulous Research®
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Contact Sales- +1-646-781-8004
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https://www.linkedin.com/company/meticulous-research Projected Value of Food Packaging Equipment Market to Reach $25.37 Billion with 12,131.3 Thousand Units by 2029
Meticulous Research® - a leading market research company, published a research report titled “Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography - Global Forecasts to 2029”.
The Food Packaging Equipment Market is poised for substantial growth, with an anticipated CAGR of 6% from 2022, projecting to reach $25.37 billion by 2029. In terms of volume, the market is expected to expand at a CAGR of 8% during the same period, reaching 12,131.3 thousand units by 2029. This growth is primarily fueled by factors such as the increasing integration of automated technologies, machinery flexibility, and the burgeoning demand for hygienic food packaging. Additionally, food manufacturers are increasingly inclined towards efficient packaging products.
The types of equipment encompass form-fill-seal, cartoning, filling & dosing, wrapping & bundling, case packing, labeling & coding, inspecting, detecting, and checking weighing machines, among others.
In 2022, form-fill-seal equipment is expected to dominate the market, particularly attributed to the speed and versatility it offers, streamlining packaging processes. This segment includes both vertical and horizontal form-fill-seal equipment, with the former accounting for a larger share due to its suitability for automated assembly-line packaging systems.
Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5249
Contact us :
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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