PRZOOM - /newswire/ -
London, United Kingdom, 2009/02/05 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report analysing the world packaging machinery.
“World Packaging Machinery: Industry forecasts for 2012 & 2017”, reports that the world demand for packaging machinery is forecast to grow 5.2% annually through 2012 to $39.8 billion.
The report shows that product sales will be spurred by rising economic output and improved standards of living, resulting in increased consumer spending, manufacturing activity and associated packaging equipment demand.
Authors of the report further note that market gains will be constrained to some extent by a deceleration in global fixed investment expenditures growth, as well as by competition from used and rebuilt machinery. However, the introduction of better performing equipment will provide some offsetting support, leading to the replacement of older units by new packaging machinery that is faster; more flexible, reliable and energy efficient; and able to minimise waste.
Furthermore, sales advances in developing parts of the world will outpace product demand in Japan, the US and Western Europe. China will register the largest gains of any national market in value terms. Packaging equipment demand in the country will expand by more than $3.3 billion from 2007 to 2012, and will surpass the US to become the largest market in the world. Increases are also expected to be healthy in India and Russia, as well as in lower-volume markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa and Turkey.
Packaging machinery demand will also rise in developed parts of the world, although growth is expected to be relatively slow in a number of nations, including the UK, Germany, Italy and Japan. Packaging equipment production will also increase at a faster rate in developing countries, but new manufacturing capacity is being added in industrialised nations as well. In 2012, Western Europe, Japan and the US will continue to account for over two-thirds of all packaging machinery production.
The report “World Packaging Machinery: Industry forecasts for 2012 & 2017” is available from Report Buyer.
ReportBuyer.com Product ID: FED00250
ReportBuyer.com is a UK-based independent online store supplying business information. The website now carries over 90,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest.