Packaging Automation Market Trends, Projections by 2025 Technological Innovation to Achieve Growth
The global packaging automation, which was valued at US$31.12 bn in 2016, is expected to reach US$69.73 bn by the end of 2025. If these figures hold true, the global packaging automation market will exhibit a CAGR of 9.7% between 2017 and 2025. By application, the palletizing segment held the dominant revenue share of 27% in 2016. Regionally, Europe accounted for the highest share of 37% based on revenue in 2016.
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