Food Packaging Machinery Market Size Global Report 2022-2028

The global food packaging machinery market size was valued at USD 17,792.5 million in 2021 and is poised to grow at a significant CAGR of 6.5% during the forecast period 2022-28. The demand for packaged and hygienic food has increased as people’s disposable income has increased. The expectation that a product would be safe from the time it is packaged until it reaches the shelves/fridges has produced a pressing need to incorporate cutting-edge technologies. Food packaging machinery is in high demand due to technological advancements that have resulted in faster, safer, and more dependable packing. Moreover, other companies are focusing on expanding to maintain the growth in the global food packaging market. For instance, in 2020, Record S.p.A of Italy (Lecco) became part of the IMA Group of companies expanding the Group's vast range of flexible packaging solutions and automated feeding systems.