Food Packaging Equipment Market Approaching $25.37 Billion Milestone

The Food Packaging Equipment Market is expected to grow at a CAGR of 6% from 2022 to reach $25.37 billion by 2029. By volume, this market is expected to grow at a CAGR of 8% from 2022 to reach 12,131.3 thousand units by 2029. This market is driven by factors, such as the increasing integration of automated technologies and flexibility of machinery, the increasing demand for hygienic food packaging, and food manufacturers’ growing inclination towards using efficient food packaging products.