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In the next few years, sales of packaging equipment in developing countries and regions will exceed sales in developed countries and regions such as Japan, the United States and Western Europe. And the big developing country, China, will have more than $3.3 billion in demand for packaging equipment in 2012, surpassing the United States as a global market. In India and Russia, as well as in low-volume markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa and Turkey, there is also room for market demand for packaging equipment.
Although in some developed countries, such as the United Kingdom, Germany, Italy and Japan, the demand for packaging equipment will be relatively slow, but there will be some growth. On the other hand, packaging equipment manufacturing will also rise in developing countries at a faster rate, but equipment manufacturing capacity is still led by industrialized countries. By 2012, Western Europe, Japan and the United States will continue to occupy two-thirds of the packaging machinery manufacturing market.
The status quo and prospect of the world packaging machinery market
According to experts, despite the financial crisis, the market demand for world packaging machinery will maintain an annual growth rate of 5.2%, and is expected to reach 39.8 billion US dollars by 2012. The reason for this is that although the economy is slowing down, it is still on the way forward. People’s daily consumption (especially food) is still increasing, which has led to the development of the packaging market and the packaging manufacturers. The need for packaging equipment. For the time being, many packaging equipments around the world have entered a period of renewal. This kind of fixed asset investment is a must for enterprises to survive in the increasingly fierce market competition. Investing in new equipment can increase productivity, flexibility, and reliability, thereby reducing material waste.