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Packaging Digest

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The food and beverage markets represent the largest consumption group for packaging materials and machinery. Sales for one top growing segment alone—pet food packaging—are expected to reach $2.5 billion in 2018 in the U.S.,according to market research firm Freedonia Group. And growth in beverage packaging markets is projected at a healthy compound annual growth rate (CAGR) of 4.4%,to hit $131.1 billion by 2019,according to analysis by MarketsandMarkets.