NEW YORK, March 7, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Worldwide demand to grow 4.7% per year through 2014
Global demand for packaging machinery is projected to rise 4.7 percent annually through 2014 to $35.9 billion, an improvement over market growth during the recession-impacted 2004-2009 period. Sales growth will be driven by an acceleration in manufacturing output, as well as by a favorable fixed investment environment worldwide. Gains in developing nations will be the dominant force behind advances in the global market for packaging equipment. China, for example, will singlehandedly account for 42 percent of all additional demand through 2014, with growth stimulated by increases in manufacturing production and packaging materials use as industrialization efforts continue and income levels rise. Other nations in the Asia/Pacific region with smaller, less developed economies, such as India, Indonesia, Thailand and Malaysia, will also record healthy market gains. In developed regions of the world, most notably the US, Western Europe and Japan, demand will grow after a period of decline, although sales advances will not be as strong as in developing nations.
Beverages to be fastest growing market
Demand for packaging machinery is dominated by the food market, which will account for 43 percent of all sales worldwide in 2014. However, the beverage market will post the fastest gains through 2014. Growth in the global food and beverage markets will largely be attributable to gains in the Asia/Pacific region, most notably in China, where demand will grow rapidly through 2014. Equipment suppliers will also benefit from rising personal incomes in other parts of the world, stimulating demand for packaged food and beverage products.
Labeling and coding, filling and form/fill/seal machines to be fastest growing products
Growth in sales of labeling and coding machines and filling and form/fill/seal machines will be the fastest of any major product category through 2014. Demand for labeling and coding equipment will be driven by an increasing need for shippers to accurately track items for safety and security reasons, particularly in the food, beverage and pharmaceutical industries, as well as to help combat counterfeiting. Advances in sales of filling and form/fill/ seal machinery will be spurred by continuing technological advances, improving efficiency and flexibility, as well as by an expanding number of applications for this type of packaging equipment. As a result, filling and form/ fill/seal machinery will solidify its position as the largest product segment, accounting for just under one-fourth of all packaging equipment demand in 2014. Packaging equipment production will grow fastest in the Asia/Pacific region, expanding at an annual rate well above average. By 2014, this region's output will approximate that of Western Europe, the traditional packaging machinery center, with each region accounting for over two-fifths of the global total. China, in particular, will post rapid output gains in the coming years. The country's shipments are forecast to grow nearly ten percent per year through 2014, when they will account for 23 percent of all worldwide packaging equipment production. The country's output advances will be attributable to growth in domestic consumption, additional investment by foreign multinationals in local plants, and increased demand for Chinese machinery in a number of export markets.
This new industry study, presents historical demand data (1999, 2004, 2009) plus forecasts for 2014 and 2019 by machinery type, market, world region and for 31 countries. The study also considers market environment factors, evaluates company market share and profiles 40 industry players.
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