Global Packaging Automation Technology Market To Grow 22% By 2023

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Dublin, Ireland — Worldwide sales for packaging automation technology is anticipated to grow 22 percent by 2023, reaching $8.5 billion in value, according to ResearchandMarkets.com

The needs of major industries to automate is driving significant growth in the market, according to the research company. Automation systems help manufacturers enhance and more efficiently manage packaging processes, while increasing capabilities and improving customer service.

Further, developing economies are increasing demand for packaged goods, in turn contributing to the need for automated packaging solutions, ResearchandMarkets reports.