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Growing urbanization and health consciousness are the two common factors that are cumulatively contributing to a considerable increase in the consumption of packed ready-to-eat food.
“In 2017, the Global Packaging Machinery Market was valued at US$12.37 Billion, and the same is expected to reach US$ 20.1 Billion by 2026.
Over the recent year, the food and beverage industry is rapidly transforming into the high-volume sector.
“As per a BCC Research Analyst, recently, various technologies are being used to meet the standard requirements of food safety and consumer demand.”
The Food and Beverage industry is emerging as:
“The global food and beverages market revenue is expected to rise at a rate of 5.9% by 2022 to reach $22,166.8 Million.