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Key players operating in the market include:
Industry leaders are focusing on strengthening their market position through strategic acquisitions to cater to the growing market demand.
Germany packaging equipment industry will register a CAGR of over 5% through 2027 with the increasing product demand in the country driven by the rising export from the pharmaceutical sector.
The major players active in the market include Graphic Packaging Holding, SIG Combibloc Group Ltd., GEA Group, I.M.A Group, Salzgitter AG, OPTIMA Packaging Group GmbH, SACMI Imola SC, FUJI MACHINERY Co., Ltd., CKD Corporation, Langley Holdings Plc, Douglas Machine Inc., Marchesini Group, Syntegon Technology GmbH, and Barry-Wehmiller Group, Inc.
Asia Pacific market will observe over 6% CAGR through 2027 owing to the expansion of the regional e-commerce industry and shifting consumer focus toward online shopping.
The U.S. market will record CAGR of over 4% through 2027 owing to the ongoing technology innovations and strong presence of various leading players in the region.
Market size of packaging equipment surpassed USD 35 billion in 2020 and will exhibit CAGR of over 4% through 2027 with the rising demand for automation in packaging sector.