The addition of new food safety regulations is driving growth in both the food packaging technology and food packaging equipment markets during the next five years, according to a new study from MarketsandMarkets.
The report, “Food Packaging Technology & Equipment Market by Technology (Controlled, Active, Advanced, Intelligent, Aseptic), by Equipment (FFS, Labeling, Coding, Wrapping, Case Packaging), by Application and Geography - Trends &Forecast to 2019,” projects the food packaging technology market to be worth $46,694 million by 2019, while the food packaging equipment market is set to reach $19,215 million.