Food Packaging Technology and Equipment Market - Forecast(2021 - 2026)
Food Packaging Technology and Equipment Market Size is estimated to be $41.36 Billion in 2019 and is growing at a CAGR of 6.74% during the forecast period 2020-2025. Food packaging is a packaging that prevents food from infection, damage, pest attack, etc. Packaging of food is important to deliver them to customers in a suitable way. Food packaging equipment carries out several functions such as stretch trading equipment, wrapping, coding, and filling in the food packaging industry. Food packaging technologies and equipment include several methods for packaging. It helps to increase shelf life, ensure the quality of the food, and much more. Owing to a rising health consciousness, the intake of healthy foods has increased, leading to an increase in the adoption of more efficient and advanced packaging techniques. Thus, driving the growth of the market. Furthermore, increased focus to improve the shelf life of convenience foods, as well as continuous development in packaging design is s...