World packaging machinery market to grow by 4.9% over next 3 years
The figures are part of the association’s forecast study, which shows growth will be driven by demand from Asia, Africa and Oceania (+7.1%), followed by Latin America (+5.6%).
Wrapping machines will see the biggest percentage growth
The results were released by Giuseppe Lesce, chairman, Ucima and Paolo Gambuli, GM, Ucima at a meeting with 70 member companies at the association’s headquarters in Modena, recently.
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%).
Food will remain the main client sector, accounting for 31.8% of total demand (€12.8bn) followed by beverages at 31.5% (€12.7bn).
“The breakdown of demand by types of machinery only partially reflects the breakdown by client sectors,” said Lesce.
“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%).
Saudi Arabia, Nigeria, Peru
“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.”
Italian machinery exports are expected to outperform the world average with higher than average growth in the EU (+3.2%), North America (+4.6%), Africa and Oceania (+7.7%).
In particular, Italian exports will mark up the biggest growth percentages in Saudi Arabia, Nigeria, Peru, Indonesia, Malaysia, Algeria, Turkey and Iran.
In the current year Italian packaging machinery manufacturers are reporting a performance in line with last year’s results, where the sector achieved a record turnover of €6.3bn.
In the current year, a small slowdown in exports (83% of total turnover) has been offset by sales growth in the Italian market.