NICHROME PROVIDES YOU THE MOST RELIABLE OIL PACKAGING MACHINES

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NICHROME PROVIDES YOU THE MOST RELIABLE OIL PACKAGING MACHINES

The global demand for the edible oil has increased by 2.7% from 2016 to 2020 and is expected to grow at 5.8% CAGR from 2021 to 2031. This massive growth in edible oil demand is going to help oil packaging companies to grow immensely, who are already growing year-on-year at a rate of 4.1% since 2021. The rise in the edible oil is because of the recent change in lifestyle of consumers and their consumption behaviour with added preservatives with longer shelf life. With the expansion of the food industry, sales of edible oil have recorded a sharp rise across the globe. EDIBLE OIL INDUSTRY IN BANGLADESH The revenue generated by the edible oil industry in Bangladesh amounts to US$1.05bn in 2022. The market is expected to grow annually by 15.43% (CAGR) between 2022 to 2027.


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