Global market for packaging machinery 2014-2019

26 October 2015

According to a new report by Freedonia, global packaging machinery demand is projected to advance nearly 7% per annum through 2019 to almost $53 billion. Product sales will be driven by market growth in China and other industrializing nations, where demand for processed food and beverage products and other manufactured goods is forecast to post the strongest increases as personal incomes and consumer spending continue to rise. China alone will account for one-fourth of all new product demand gains through 2019.
The large food and beverage markets are forecast to account for 55% of all new product demand generated between 2014 and 2019. Multiple trends are forecast to fuel growth in these markets.
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