Home

Search History

Clear History

Hot Searches

Change

Subscribe eNews

Once A Week Once Every Two Weeks

Applications

Berry’s to-go cups with fully recyclable PP receive Recyclability Recognition

India allows use of specific recycled plastics in food packaging

AutoFlight breaks ground for manufacturing facility in Wuhan, China

Products

(Sourcing guide) How to choose “value for money” molds and dies? A guide to Chinese suppliers

Perstorp and BRB inaugurate new specialty chemicals laboratory in Shanghai

Mitsubishi Chemical to expand production capacity of flame-retardant compound

Activities

Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”
ArabPlast 2023 – The Success Journey Continues………..
GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Webinars

[Mandarin] JSW webinar

[English] Haitian webinar

Next-generation flame-retardant medical polycarbonate solutions for housing applications

Conferences

13th Edition CPRJ Plastics in Packaging Conference and Showcase

7th Edition CPRJ Medical Plastics and Rubber Conference and Showcase

14th Edition CPRJ Plastics in Automotive Conference and Showcase

Industry Topic

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Green Plastics: News & Insights

CHINAPLAS

CHINAPLAS 2025 Focus

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

CHINA INSIGHT

Fakuma 2024 Highlights

K 2022 FOCUS

News Videos

ZHEJIANG XIANGQI: Decoding new benchmark for efficiency and automation in smart manufacturing

What solutions did overseas buyers look for at CHINAPLAS 2025?

See the Power of Precision. Explore USEON’s New Factory — Aerial View of Innovation in Action!

Conference Videos

【Mandarin session:Webinar playback】Covestro: Next-generation flame-retardant medical polycarbonate solutions for housing applications

【Mandarin session:Webinar playback】Covestro: RE Material Solutions: Empowering electronics industry to fulfill new EPEAT standards and lower carbon footpint

【Mandarin session:Webinar playback】Covestro: Covestro's CMF Trends 2025+: Electronics, Automotive and Healthcare

Corporate/Product Videos

Jiangsu Liside New Material Co., Ltd.

Dow 45 years in China

Carbon Removal and Carbon Emission Reduction Tech Solution——Yuanchu Technology (Beijing) Co. Ltd.

Exhibition

Playback TECHHUB 2025@CPRJ Live Streaming for CHINAPLAS

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback On April 14, the "6th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase" at the Crowne Plaza Shenzhen Nanshan is currently being livestreamed!

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

News

Events

SPE Asia

Special

Live

eNews

eBook

Event Calendar

Survey

CHINA FOCUS

Comment
(0)

Home > News > Packaging

Packaging machinery market to reach US$41.8 billion by 2017, forecasts Freedonia

Source：Source: CPRJ Editorial Team Date ：2013-09-18 Editor ：(Zoe Cheung)

Growth in worldwide demand for packaging machinery is expected to climb at a 4.6% annual pace through 2017 to $41.8 billion, forecasts Freedonia Group's latest report, "World Packaging Machinery to 2017".

Growth 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.

Of the major markets for packaging machinery, the chemicals and pharmaceuticals/personal care products industries will register the fastest sales gains in percentage terms, according to Freedonia. Purchases of packaged pharmaceuticals and consumer goods and associated equipment will be boosted by rising living standards in developing nations.

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.

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, the report says. 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.

China and India to account for over 40% of global market

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. Freedonia forecasts that 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, the US will continue to account for about one-sixth of worldwide demand.

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 multi-nationals 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, predicts the report.