Packaging Machinery: Trends and Developments

Global packaging machinery production value stood at around US$48 billion in 2012, following robust growth of 10% that year. Over 2006-2012, production growth averaged 7% annually in spite of more than a 5% year-on-year contraction in 2009. Although four out of five dominating producers are developed countries, China emerged as the largest producer and consumer of packaging machinery globally and future growth potential lies mainly in Southeast Asia and Latin America (News Article Euromonitor International, 4 June 2013).