Filtration And Drying Equipment Market Is Expected To Reach $ 2.46 Billion By 2030
San Francisco, 20 March 2024: The Report Filtration & Drying Equipment Market Size, Share & Trends Analysis Report By Technology, By End-use (Food & Beverage, Chemical, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030 The global filtration and drying equipment market size is anticipated to reach USD 2.46 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand from various end-user industries such as food & beverage, chemicals, and water & wastewater treatment are expected to propel the demand. Moreover, the growth is driven by the rising use of filtration & drying equipment in emerging economies. According to the India Brand Equity Foundation (IBEF), the pharmaceutical industry is recognized as the sunrise sector for the country’s economy in the Union Budget-2022. It is predicted to triple in size in the next few years. According to the Economic Survey 2021–2022, th