Packaging Machinery In China To 2014
Packaging Machinery in China to 2014
Packaging Machinery in China to 2014
This study analyzes the packaging machinery industry in China. It presents historical demand data (1999, 2004, 2009) and forecasts for 2014 and 2019 by machinery type (e.g., filling and form/fill/seal; labeling and coding; wrapping, bundling and palletizing), market (e.g., food; beverages; medical, pharmaceutical and personal care products; chemical products) and region. The study also considers market environment factors, details industry composition, evaluates company market share and profiles industry participants. ( http://www.bharatbook.com/detail.asp?id=141426&rt=Packaging-Machinery-in-China-to-2014.html )
Demand to increase 8.7% annually through 2014
Demand for packaging machinery in China is projected to grow 8.7 percent annually to 59.5 billion in 2014. Gains will be directly stimulated by growth in output of packaged goods such as food and beverages, pharmaceuticals, and personal care products. Moreover, an increase in the amount of packaging per product produced in China will also boost sales of packaging equipment. Increasing safety and hygiene requirements for many packaged goods will contribute to growing demand for highend (e.g., more automated and versatile) types of packaging machinery, supporting market growth in value terms.
Food packaging to remain largest market
The food packaging industry will remain the largest market for packaging machinery through 2014. Market gains will benefit from further improvements in living standards -- leading to more consumption of food in general -- and growing preference for ready-to-eat convenience foods, which tend to be more heavily packaged. Moreover, an increasing urban population will require food to be better packaged to reduce spoilage during storage and shipment from rural areas, providing additional sales opportunities. Demand for machinery used to package pharmaceutical, medical and personal care products is expected to expand at the fastest rate through 2014, an outcome of growing demand for pharmaceutical products as personal income levels rise, access to health care expands and the population continues to age.
Labeling & coding equipment to post best gains
Filling and form/fill/seal equipment will remain the largest product segment in the Chinese packaging machinery market through 2014. Advances will be stimulated by expanding production of packaged food and beverages, manufacture of which requires these machinery types. Demand for labeling and coding equipment is expected to register the strongest performance of any product type. Gains will be spurred by increasing requirements for ensuring transparency and traceability throughout the supply chain, as more importance is attached to ensuring the safety of food, beverage and medical products.
Central-East to pace regional demand growth The Central-East region -- Chinas manufacturing heartland -- will continue to be the largest single market for packaging machinery in China. However, demand for packaging machinery in the Northwest will register the strongest gains among the countrys six regions. Advances will be driven by rapid industrialization supported by the governments high-profile Great Western Development strategy and significant untapped economic growth potential.
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