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Case packers market expected to reach $7,228 million by 2023 according to new research report

Industrial Market Research

Case packers market size was valued at $4,853 million in 2016 and is projected to reach $7,228 million by 2023, growing at a CAGR of 6.1% from 2017 to 2023. The food & beverage case packers segment accounted for the maximum share in 2016 and is projected to remain dominant during the forecast period.

Applications of Case Packers industry include secondary packaging of pharmaceuticals, medical, food & beverages, bakery items, toys & stationery, cosmetics, pet supplies, chemicals, and others. The secondary packaging surrounds and protects the goods.

The food industry, along with the beverage industry is accounted to be the largest global consumer of the case packers market.

North America is the home of most of the leading manufacturers of packaging equipment and a high degree of M&A activity is anticipated to foster the prospects for market growth in this region during the estimated period.

Moreover, the rise in demand from the food & beverage market in the developing countries also fuels the increase in demand for the case packers market. Rise in popularity of robotic packaging is anticipated to take over other conventional case packaging machinery in the coming years.

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