Case Packaging Machines: Global Market Forecast Report 2024-2029 - Rise in Demand for Packaging Robots from a Variety of End-user Industries [Yahoo! Finance]
SMURFIT KAPPA GROUP ADR (SMFKY)
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Source: Yahoo! Finance
The global case packaging machines market is estimated to grow at a CAGR of 3.85% during the forecast period. The case packaging machines market has seen growing popularity as a result of factors like the rise in applications of packaging machinery in a wide range of industries, including food and beverage, medical services, skincare products, and other consumer goods as well as a variety of industrial sectors where packaging has become crucial, with an increase in the usage generally in line with the global economy. The rise in consumer product demand, the rise in automated packaging machine usage, and the creation of energy-efficient machines all contribute to the need for case-packing machines. Compared to previous models, modern automated packaging machines ensure that the various packaging phases are finished in minutes rather than hours. The rise in demand for packaging robots from a variety of end-user industries is one of the additional major factors influencing the case pa
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