Global Food And Beverage Packaging Machinery Market 2020-2024
Technavio has been monitoring the global food and beverage packaging machinery market and it is poised to grow by USD 8.93 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on global food and beverage packaging machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by booming e-commerce and retail industry. In addition, use of advanced technologies to increase efficiency is anticipated to boost the growth of the global food and beverage packaging machinery market as well.
Technavio’s global food and beverage packaging machinery market is segmented as below:
Key Trends for global food and beverage packaging machinery market growth
This study identifies use of advanced technologies to increase efficiency as the prime reasons driving the global food and beverage packaging machinery market growth during the next few years.
Prominent vendors in global food and beverage packaging machinery market
We provide a detailed analysis of around 25 vendors operating in the global food and beverage packaging machinery market, including some of the vendors such as GEA Group AG, I.M.A. Industria Macchine Automatiche Spa, Krones AG, Multivac Inc., Orion Packaging LLC, Salzgitter AG, Selo, Syntegon Technology GmbH, Tetra Laval International SA and VELTEKO sro .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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