Packaging Machinery Market Experiencing Worldwide Growth

Filling and dosing machinery (20.7 percent/$7.6 billion of the total market) and labelling, decorating and coding machinery (12.6 percent/$4.6 billion of the total market) are estimated to have been the two largest packaging machinery markets in 2016.

The machinery markets forecasted to have the highest growth rates from 2016 to 2021 are as follows:

1. Horizontal Form/fill/seal machinery (CAGR – 3.2 percent)
2. Vertical Form/fill/seal machinery (CAGR – 3.1 percent)
3. Labeling, decorating and coding machinery (CAGR – 0 percent)

In each major region, the food sector was the largest in 2016 (accounting for 40 percent of revenues), while the pharmaceuticals sector is forecast to grow the fastest to 2021 at a CAGR of 4.1 percent.

Dive deeper into these global trends – download the 2018 Global Trends Impacting the Market for Packaging Machinery report.