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%). The following infographics we give an overview of the most important figures.
Global Demand for packaging machinery
Global Demand for packaging machinery is said to grow by 4.9% annually over the coming three years to reach an estimated value of 40.3 billion € in 2018.
The highest global growth in packaging machinery
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%).
Main client sector
Food will remain the main client sector, accounting for 31.8% of total demand (12.8 billion euros) followed by beverages at 31.5% (12.7 billion euros).
Biggest percentage growth
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%).
EU growth 3% (total market value of 10.7 billion euros) driven by
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.
