Freedonia In The News
Article Title: World Packaging Machinery Demand to Reach $52.5 Billion
Publication: Powder & Bulk Solids, 9/25/2015
Freedonia Study: World Packaging Machinery (3323)
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Global demand for packaging machinery is projected to advance 6.5 percent per annum through 2019 to $52.5 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 expected to post the strongest increases as personal incomes and consumer spending rise. This will result in additional investment in new manufacturing capacity and related packaging machinery in the Asia/Pacific region, the Africa/Mideast region, Eastern Europe, and Central and South America. China alone is expected to account for one-fourth of all new product demand gains through 2019.
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