News

Strong demand for packaging machinery

Packaging machinery is in demand all over the world. We have compiled an overview of the most important developments.

According to a study conducted by Ucima, the world market will mark up annual growth of 4.9% over the next three years to reach an estimated value of 40.3 billion euros in 2018. This growth will be driven by demand from Asia, Africa and Oceania (+7.1%), followed by that of Latin America (+5.6%).
As for market sectors, the highest global growth in packaging machinery will be for the cosmetics industry (+6.6%), followed by the chemicals industry (+5.4%) and food (+5.2%). The following infographics we give an overview of the most important figures.

 

  • Global Demand for packaging machinery is said to grow by 4.9% annually over the coming three years to reach an estimated value of 40.3 billion € in 2018.

 

  • The highest global growth in packaging machinery will be for the cosmetics industry (+6.6%), followed by the chemicals industry (+5.4%) and food (+5.2%).

 

 

  • Food will remain the main client sector, accounting for 31.8% of total demand (12.8 billion euros) followed by beverages at 31.5% (12.7 billion euros).

  • Wrapping machines are expected to see the biggest percentage growth over the three-year period (+5.6%), followed by filling machines (+5.2%) and labelling machines (+5.0%).

 

  • The EU will see 3% growth to a total market value of 10.7 billion euros, driven by 4.8% growth in cosmetics industry machinery, 4.1% in food machinery and 3.5% growth in machinery for the chemicals industry.

 

Source: Ucima

Send comment

We look forward to your comment. Your email will not be posted.

Similar Stories