Food Packaging Equipment Market Poised to Achieve $25.37 Billion
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 driven by the increasing integration of automated technologies, machinery flexibility, and the rising demand for hygienic food packaging.