The new report reveals that meat and poultry was the biggest category for machinery sales, commanding $1.4 billion of the market. Beverage machinery accounted for $.8 billion, and dairy $.6 billion.
However, beverage machinery sales are forecast to grow fastest through 2021 with a CAGR (compound annual growth rate) of 4.2 percent.
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The study, “2018 Global Trends Food and Beverage Processing,” is produced by PMMI Business Intelligence. June 20-21 in Chicago, PMMI Media Group is hosting a conference, ProFood Live, a one-day conference devoted to real world solutions in manufacturing, automation and sustainability.
Source: Packaging World - Packaging news, trends & innovations