Abstract
Global demand to expand 5% annually through 2010
Global demand for packaging machinery is projected to expand five percent per
year through 2010 to $33 billion, accelerating from the 2000-2005 period.
Developing parts of the world will provide suppliers with some of the best
sales opportunities going forward. Industrialization- related fixed investment
activity, rising per capita incomes and growth in packaged goods production
will all contribute to increases in equipment demand in these areas, most
notably in the Asia/Pacific and Eastern Europe regions. Pharmaceutical and
personal care products will represent the fastest growing market for packaging
machinery through 2010. However, the food industry will remain by far the
largest single end use, accounting for more than two-fifths of all product
demand in 2010.
China, India, Russia among fastest growing markets
China will record the largest gains of any national market in dollar terms.
Annual packaging machinery demand in the country will climb by more than $1.7
billion from 2005 to 2010, and China will surpass Japan to become the second
largest market in the world behind the US. Sales conditions are also expected
to be strong in India, Russia, Mexico and South Korea, as well as in
lower-volume markets such as Indonesia, Malaysia, Thailand and Turkey.
Packaging equipment demand in the US and Japan will be less robust yet show
renewed strength following a period of relatively sluggish gains, and market
advances in Western Europe will also accelerate through 2010. Increases will
be fueled by generally favorable economic conditions and higher income levels,
leading to a rise in packaged goods consumption and manufacturing production,
boosting packaging machinery sales as fixed investment expenditures climb.
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