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Overhauling Stale Food Manufacturing Technology

August 11, 2023


The food and beverage industry has been facing unprecedented change over the past several years due to shifting consumer demands driven by increased pressure from large-scale competitors and direct-to-consumer trends. In fact, 88% of meals and snacks are being consumed in the home – up from 75% before the pandemic.

This change is having a lasting impact on food processors and CPG companies, driving increased investment in capital equipment to meet this rising demand. The industry expects to reach $62 billion in the global packaging machinery market by 2030, a 32.7% increase from the estimated market in 2022.

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