Technavio has announced its latest market research report titled Global Food Packaging Machinery Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Food Packaging Machinery Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The food packaging machinery market is expected to grow by USD 4.05 billion, progressing at a CAGR of over 4% during the forecast period.
Click & Get Free Sample Report in Minutes
The increased demand for food packaging is one of the major factors propelling market growth. However, factors such as fluctuating prices of raw materials will hamper the market growth.
More details: https://www.technavio.com/report/food-packaging-machinery-market-industry-analysis
Food Packaging Machinery Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. The increased demand for smart packaging will significantly influence the food packaging machinery market's growth in this region. 48% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the food packaging machinery market in APAC.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Industrials Include:
Global Food Packaging Robotics Market: The food packaging robotics market size has the potential to grow by USD 813.02 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Global Food and Beverage Packaging Machinery Market: The food and beverage packaging machinery market size has the potential to grow by $8.93 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. Click and Get FREE Sample Report in Minutes!
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Food Packaging Machinery Market will grow by USD 4.05 bn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/