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Global $4.8 Billion Cosmetic Packaging Machinery Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com
January 15, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 15, 2021
Global Cosmetic Packaging Machinery Market to Reach $4.8 Billion by 2027
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Amid the COVID-19 crisis, the global market for Cosmetic Packaging Machinery estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.
Form/Fill/Seal Machinery, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$932.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Labelling Machinery segment is readjusted to a revised 5% CAGR for the next 7-year period.