Top Articles of 2024, #8: Asia Pacific Region Maintains Dominant Share of Packaging Machinery Market in Forecasts

Forecasts look bright for global packaging machinery markets, and the Asia Pacific region is set to maintain the lead it currently holds.

That’s according to PMMI Business Intelligence’s “2023 World Packaging Machinery” report. Business Intelligence researchers predict a 5% compound annual growth rate (CAGR) for the global packaging machinery market from 2023 to 2027, rising from $45.9 billion to 56 billion.