By 2024, Packaging Equipment Market Asia Pacific to Hit USD 18 Billion : By Key Vendors: KHS GmbH, Krones AG, Robert Bosch GmbH
Asia Pacific packaging equipment market is expected to witness a steady growth due to the rise in the number of pharmaceutical companies over the forecast timeframe. The economies such as India, South Korea, China, and Japan have been increasingly shifting toward the adoption of smart solutions in manufacturing. Furthermore, the continent, as a whole, is driven by a strict regulatory landscape mandating pharma companies to adhere to certain rules, further augmenting the regional packaging equipment industry.
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