Report ID: SQMIR20I2262
Report ID:
SQMIR20I2262 |
Region:
Regional |
Published Date: March, 2024
Pages:
202
|
Tables:
89 |
Figures:
76
North America Food & Beverage Filling & Capping Machines Market size was valued at around USD 1.67 billion in 2021 and is poised to grow from USD 1.76 billion in 2022 to USD 2.62 billion by 2030, at a CAGR of 5.3% over the forecast period (2022–2030).
An increase in disposable income and a rise in the number of young people in North America with high buying power are predicted to be the two main factors driving the food and beverage industry. Over the length of the anticipated time, this is anticipated to lead to an increase in demand for filling and capping machines.
The growth of food and beverage filling and capping machines used in the food and beverage industry in the U.S. is largely due to the rising demand for processed foods and beverages, rising immigration, technological advancement in packaging equipment, a supportive political environment, good infrastructure, and high-tech machinery.
The processing and packaging industries are benefiting from changing food preferences brought on by the increasing urban populace. The demand for food and beverage filling and capping machines is also anticipated to increase during the forecast period as a result of the increasing population and rising food demand.
In addition to the rising demand for nutrition-focused products like shakes, bars, powder, and others as well as the rising awareness of healthy drinks, the United States' rising consumption of alcoholic and non-alcoholic beverages is anticipated to fuel the beverage industry. The market for food & beverage filling & capping machines is expected to benefit from the expanding end-use application market for beverages.
North America Food & Beverage Filling & Capping Machines Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIR20I2262