Packaging Machinery Market Expands Significantly Due to Industry Growth and Enhanced Food Safety Measures | Meticulous Blog
The global packaging machinery market is on track to reach $62.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. In terms of volume, the market is expected to reach 13,603 thousand units, with a projected CAGR of 6.2% during the same period. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5492 The growth of the packaging machinery market is closely linked to the steady expansion of industries such as pharmaceuticals, food & beverage, and consumer electronics. These industries have seen robust growth in recent years, largely due to increasing consumer demand. As production scales up, so too does the need for efficient packaging machinery. Significant investments in these sectors are further boosting the demand for modern packaging solutions. For example, foreign direct investment (FDI) in the food processing industry reached USD 410.6 million between April and September 2022, an 86% incre...