Global packaging machinery market 2017-2023

23 June 2017

According to a new report by Allied Market Research, the global packaging machinery market size was valued at $39,647 million in 2016 and is projected to reach $62,063 million by 2023, growing at a CAGR of 6.7% from 2017 to 2023. The filling machines segment accounted for the maximum share in 2016 and is likely to remain dominant during the forecast period. The demand is largely driven by the increasing demand for consumer goods, increasing adoption of automated packaging machines, and development of energy efficient machines. The other key factor driving the market is the increasing demand for packaging robots from several end-user industries (Press Release Allied Market Research, May 2017).
Click here for the press release.
Click here for more information about the report.

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