Growing demand for the novel packaging solutions from the food and beverages industry has encouraged numerous companies to adopt the advanced packaging solutions. The beverage industry has increased rigid packaging solutions such as filling and palletizing machines. Growing adoption of this equipment is aiding growth of the global packaging equipment market.

Growing disposable income and improving standard of living is augmenting growth of the packaging food, which in turn is propelling growth of the packaging equipment market. Additionally, growing demand for the advanced packaging during transfer of goods from one place to another is propelling growth of the global packaging equipment market.

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On the basis of region, the packaging equipment market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, North America is expected to dominate the global market for packaging equipment owing to growing uptake of smart packaging equipment for packaging purposes in number of end use industries.

However, the market in Asia Pacific is expected to expand with the impressive CAGR over the forecast period. The growth in the Asia Pacific region is attributable to the increasing investments in numerous end use industries and growing automation in the end use industries.