Packaging Equipment Market Size 2020-2026 Global Industrial Analysis, Market Share, Top Key Players
According to the report, The Global Packaging Equipment Market Size was valued at nearly USD 2.80 Billion in 2019 and is expected to generate revenue of around USD 3.57 Billion by end of 2026 , growing at a CAGR of over 3.5% between 2020 and 2026. The report includes revenue forecast & analysis of the packaging equipment market on a global as well as regional level. It also offers historical data from 2016 to 2019 and provides an assessment of the industry evolution over 2020-2026 in terms of USD Billion. Our study comprises of competitive strategies adopted by the key industry players based on the framework provided by the Porter’s Five Forces Model influencing the market. Growing introduction of tech-enabled products and smart packaging solutions in the packaging sector will steer the growth of the packaging equipment industry over the forecast period. In addition to this, use of next-gen manufacturing techniques, product enhancements, and footprint optimizati...