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.
