World packaging machinery market to be worth $152.76Bn in 2013,

Monday 24 June 2013, Amsterdam

Our analysis indicates that the world packaging machinery market will reach a value of $152.76bn in 2013, and will be driven by growth in the developing markets, in addition to a number of favourable consumer trends.

The world packaging machinery market will exhibit growth over 2013-2023 and this will be driven primarily by growth in the emerging markets. The emerging markets are characterised by immaturity and strong economic growth and this will increase the quality and quantity of consumer purchases. The low labour costs will also incentivise multinationals to expand the scale of their packaging operations in these markets.

The author of the World Packaging Machinery Market 2013-2023 report commented that ‘The world packaging machinery industry has been able to develop and embrace innovative packaging and solutions to problems such as reducing materials waste, cutting down on energy lowering emission, labelling and printing product protection. Packaging machinery suppliers thus must stay in tune with their client’s needs. Demand for modern packaging machinery and equipment is on the rise particularly from the Asiatic, Middle Eastern and their Latin American counterpart.’

Our analysis reveals that, international trade in this market segment increases every year. Expanding exports of labelling and wrapping packaging to growing economies such as China and the Philippines has caused an increase in demand for packaging machinery. The packaging industry is benefiting to a large extent from increasing consumption spurred by continued growth and higher disposable incomes in developing markets worldwide.

Enhanced automation, integration, remote diagnostics, and faster changeover capability, versatility and shorter turnaround times are key determinants of market growth. Emerging market trends include increasing utilization of servos, networking architectures, and robotic uses in packaging machinery. Another developing trend is the growing utilization of multi-tasking flexible packaging machinery, with the aim of reducing lead-time and to inhibit recurrent replacement costs. The inability of the market to respond to technological innovation on a mass scale, has inhibited the ability of packaging machinery firms to cut cost by embracing sustainability led initiatives and mass mechanization.  There is an urgent demand for sustainable packaging machinery technology and practices that help in lowering packaging waste, and thereby environmental damage, including efficient water usage, lower use of materials and lower carbon footprints in product packaging. Producers of food and beverages are witnessing a growing interest for environmentally friendly products from retail chains and consumerst.

The 147 page report contains 126 tables, charts and graphs that add visual analysis in order to explain developing trends within the packaging machinery market. We provide forecasts for the global packaging machinery market over 2013-2023. 5 packaging machinery end-use submarkets are analysed and forecasted and these include food, beverage, personal care, health care and pharmaceuticals, and also 5 packaging machinery type are analysed these include: Form Fill & Seal, Filling, Wrapping Machinery, Labelling Machinery and Coding and Marking. In addition, 20 leading national packaging machinery markets are forecast and analysed by visiongain over the period 2013-2023. The analysis and forecasting has been informed by consultation with industry experts and an interview from PMMI is included within the report. The report also provides profiles of 17 leading companies operating within the packaging machinery market.

The World Packaging Machinery Market 2013-2023 report will be of value to current and future potential investors into the packaging machinery industry, as well as companies and research centres who wish to broaden their knowledge of the packaging machinery market.