© Allagash Brewing/Ucima
The world market for packaging machinery is expected to record annual growth of almost 5% over the next three years, reaching an estimated value of €40.3bn in 2018, according to the Italian Packaging Machinery Manufacturers Association (Ucima).
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, the association said. According to its study, growth in the world market will be driven by demand from Asia, Africa and Oceania (7.1%), followed by that of Latin America (5.6%).
Specifically, global growth in packaging machinery for the food industry has been predicted to be just over 5%, while in absolute terms food will remain the main client sector, accounting for 31.8% of total demand (€12.8bn), followed by beverages at 31.5% (€12.7bn)
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%).
“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%),” a spokesperson for Ucima said. “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 €6.3bn.
“In the current year, a small slowdown in exports (83% of total turnover) has been offset by sales growth in the Italian market.”
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