World Packaging Machinery
Freedonia Group Inc
Worldwide demand to accelerate through 2017
Growth in worldwide demand for packaging machinery is expected to climb at a faster pace
through 2017 than it did during the 2007-2012 period. An improved business climate -- which will
be reflected in expanding fixed investment spending, manufacturing output, and packaging
demand -- will drive increases in equipment sales through 2017.
Chemicals, drugs/personal care products to be most rapidly growing markets
Of the major markets for packaging machinery, the chemicals and pharmaceuticals/ personal care
products industries will register the fastest sales gains in percentage terms. Purchases of packaged
pharmaceuticals and consumer goods and associated equipment will be boosted by rising living
standards in developing nations. However, consumption of packaging machinery utilized in food
applications will grow the most in dollar terms, stimulated by climbing demand for packaged foods
in both developed and developing countries. As a result, food manufacturing will remain the largest
market through 2017.
Labeling, coding equipment to be fastest growing types
The increasing need for pharmaceutical, food and beverage manufacturers to ensure the safety of
their products throughout the supply chain will result in labeling and coding equipment being the
fastest growing of any major product type in value terms. However, filling and form/ fill/seal
machines will remain the most widely used type of packaging equipment through 2017, with
demand bolstered by their extensive usage in the large food processing market.
Asia/Pacific region to pace gains in demand, shipments
Developing markets will provide the best growth opportunities for suppliers of packaging
equipment through 2017. The Asia/Pacific region will register the most rapid rate of advance, led
by the sizable national markets of India and China. These two countries together will account for
over 40% of global packaging machinery consumption in that year. Central and South America will
also record a strong sales performance through 2017, though from a much smaller existing market
base. Rising personal incomes in these regions, leading to increased consumption of packaged
goods, will provide the greatest impetus to equipment sales. Healthy gains in manufacturing output
and fixed investment spending will also support growth. The US is currently the largest national
market for packaging equipment globally. Although it will be surpassed in size by the much more
rapidly expanding Chinese market by 2017, it will continue to account for about one-sixth of
Packaging machinery shipments will climb the fastest in the Asia/Pacific region through 2017. Not
only will smaller firms headquartered in the area increase production, but foreign multinationals
will continue to build manufacturing facilities in the region to be nearer to their customers.
Nevertheless, West European production will increase the most in dollar terms, spurred by strong
demand for the technologically sophisticated equipment that these countries produce. The region,
led by Germany and Italy, will remain the largest packaging equipment supplier, accounting for
nearly one-half of world output in 2017.
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The Freedonia Group is a leading international industrial research company
publishing more than 100 studies annually. Since 1985 we have provided
research to customers ranging in size from global conglomerates to one-person
consulting firms. More than 90% of the industrial companies in the Fortune
500 use Freedonia Group research to help with their strategic planning. Each
study includes product and market analyses and forecasts, in-depth discussions
of important industry trends, market share information and profiles of the
leading industry players.
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