Global Packaging Machines business valued over $40 Bn. It would grow over $70 Bn as market reaches closer to 2030. The changing customer preferences from using plastic based packaging to environmental friendly packaging is anticipated to drive the market for new packaging machinery during until 2025. For the machine manufactures competition drivers to increase market share would be via Launching Product with Speed, Expand Business across the Geographies. To do so, machine manufacturers require Innovative and Energy Efficient packaging machinery. Automation and Remote Performance Monitoring would play major role.
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