Report ID: SQMIG20I2119
Report ID:
SQMIG20I2119 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
94 |
Figures:
76
Europe is going to dominate more than 30.50% of the global market in terms of revenue in 2022. Owing to the increasing demand for safe practices in the food transportation and manufacturing sectors, the regional market is predicted to grow significantly throughout the forecast period. The FDA, or Food and Drug Administration, has imposed several limits on indirect contaminants in food. This is predicted to have a positive impact on the need for pneumatic conveying systems in the region throughout the forecast period.
Asia Pacific is predicted to have a compound annual growth rate of 6.3% during the projection period. The booming pharmaceutical industry in the Asia Pacific area is likely to drive greater demand for pneumatic transport systems. The number of facilities devoted to the manufacturing of biosimilars and vaccines in the region has increased significantly, particularly in developing nations. Governments in these countries have been actively involved in practices that encourage improved healthcare facilities & the overall development of connected companies.
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Report ID: SQMIG20I2119