World packaging machinery demand set to grow by 4.9% annually over the next three years
Ucima Research Department publishes exclusive three-year forecasts (2015-2018) for global demand divided up by geographical area, type of machine and sectors served.
At a meeting of member companies held at the association’s headquarters in Modena, the Ucima Research Department unveiled an exclusive new forecast study for global packaging machinery.
It is the only detailed and comprehensive study available that enables companies to make three-year forecasts for packaging machinery demand based on their specific production and sales characteristics.
According to the study, the world market will mark up annual growth of 4.9% over the next three years to reach an estimated value of 40.3 billion euros in 2018.
This growth will be driven by demand from Asia, Africa and Oceania (+7.1%), followed by that of Latin America (+5.6%).
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%).
In absolute terms, 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).
The breakdown of demand by types of machinery only partially reflects the breakdown by client sectors. 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%).
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.
Italian machinery exports are expected to outperform the world average with higher than average growth in the EU (+3.2%), North America (+4.6%), Africa and Oceania (+7.7%).
In particular, Italian exports will mark up the biggest growth percentages in Saudi Arabia, Nigeria, Peru, Indonesia, Malaysia, Algeria, Turkey and Iran.
In the current year Italian packaging machinery manufacturers are reporting a performance in line with last year’s results, when the sector achieved yet another record turnover of 6.3 billion euros.
In the current year, a small slowdown in exports (83% of total turnover) has been offset by sales growth in the Italian market.
