Abstract
Chinese demand to grow 8.0% per year through 2011
Demand for packaging equipment in China is projected to climb 8.0 percent
annually through 2011 to ¥51.5 billion. Product sales will be driven by growth
in manufacturing, packaging materials use and associated fixed investment
activity as Chinese industrialization efforts continue and income levels rise.
Packaging machinery shipments by Chinese producers are forecast to expand 9.7
percent per year to ¥48.4 billion in 2011, outperforming demand. As a result,
China' s overall trade deficit in packaging machinery will narrow, although the
country will continue to rely on foreign sources of supply for many
sophisticated and specialized equipment types.
Food industry to remain dominant
The food industry is the largest market for packaging machinery in China.
Foodrelated applications are expected to strengthen their already dominant
market position as changes in lifestyle trends and types of employment,
increasing urbanization and growing personal income levels fuel consumption of
convenience and other packaged food products. Demand for equipment used to
package medical, pharmaceutical and personal care products is also projected
to rise at an above-average rate through 2011. Sales will be driven by
substantial growth in the number of people aged 65 and older, an age group
requiring more medical care, and supported by rising personal incomes
throughout the nation, making drugs, cosmetics and toiletries more affordable.
Study coverage
It provides historical Chinese demand, shipments and foreign trade data plus
forecasts for 2011 and 2016 by packaging machinery type, market and
geographical region. The study also considers market environment indicators,
profiles 42 industry players and evaluates market share data.
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