The global market for tray sealing machines is expected to witness consistent growth, with sales projected to reach USD 5.9 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.5% over the forecast period and ultimately reaching USD 8.2 billion. In 2023, the market generated revenues of USD 5.7 billion and is projected to show a year-over-year (Y-o-Y) growth rate of 2.8% in 2024.