Food Packaging Equipment Market Growing At USD 60.40 Billion By 2025 : Grand View Research Inc.
San Francisco, 29 October 2019: The Report Food Packaging Equipment Market Size, Share & Trends Analysis Report by Equipment (Form-fill-seal, Filling & Dosing, Cartoning), By Application (Dairy, Bakery, Convenience Food), And Segment Forecasts, 2018 – 2025 The global food packaging equipments market size is estimated to surpass USD 60.40 Billion by 2025. It is anticipated to expand at a CAGR 4.87% over the forecast period. Growing demand for convenient, packaged, processed, and ready-to-eat food products is favoring the packaging industry, especially in emerging regions like Asia Pacific. This factor is anticipated to bode well for market growth in the forthcoming years. Increasing awareness among consumers regarding packaging, hygiene, and nutritional value of food coupled with rise in demand for dairy, bakery, confectionery, meat, poultry, seafood, and allied products is anticipated to trigger the market growth. In addition, rising investments for developing