Packaging Equipment Market to Grow at 3% CAGR to 2022: By Key Vendors: KHS GmbH, Krones AG, Robert Bosch GmbH, Schneider Electric SA
The food & beverage industry accounted for over 55% of the market share in 2017. The packaging equipment market has witnessed a growing demand for new machinery from developing markets, due to the increase in spending on a wide range of processed and ready-to-go food & beverage products. To satisfy this growing demand, several major companies operating in the food & beverage industry are looking to expand in untapped markets by building new plants and purchasing new machinery. In addition,...
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