PUNE, India, February 22, 2023 (GLOBE NEWSWIRE) — The global packaging machinery market Size is projected to reach US$52.83 billion by 2027, growing at a CAGR of 3.6% over the forecast period. The incessant demand for packaged foods, pharmaceuticals and other products will effectively contribute to the growth of the market, according to Fortune Business Insights in a report titled “Packaging Machinery Market Size, Share & Industry Analysis, By Machine Type (Bottling Line, Cartoning, Cartoning , Capping, Filling & Dosing, Forming, Filling & Dealing, Labeling, Decorating & Coding, Palletizing, Packing & Bundling and others), by End Users (Food, Beverage, Pharmaceutical, Personal Care and Personal Care, Household, Industrial and Agricultural Chemicals and others) and Regional Forecast, 2020-2027.” The market size was US$40.08 billion in 2019.

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The report on the packaging machinery market includes:

• Extensive study of the segments
• Prominent data about key players
• Evolving Market Trends
• Important insights into the regions
• Effects of COVID-19 on the industry

market drivers:

Strong demand from the transport industry to boost growth

Increasing demand for packaging in logistics and transportation can be a crucial factor driving the growth of the market. Various logistics and transport companies need…