Product category:
General packaging materials, equipment and services
News Release from: IMS Research
Edited by the Manufacturingtalk Editorial
Team on 26 June 2006
Eastern Europe drives packaging
machinery growth
IMS Research forecasts that the EMEA market for packaging machinery will increase to over e11.3 billion by 2009, experiencing a CAGR of 4.3%.
Developing regions such as the Russian Federation, Eastern Europe and the Middle East and Africa are expected to register the strongest growth, with annual rates of nearly 10% These high growth regions can be considered immature when it comes to the volumes of processed foods and beverages that are consumed
This article was originally published on Manufacturingtalk on 31 Jan 2003 at 8.00am (UK)
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Rapid developments within these regions and increasing consumer incomes mean that the populations are demanding more processed foods and beverages and this will have a beneficial impact on the packaging machinery market.
Among the machinery groups analysed, the labelling, decorating and coding machinery sector will be the fastest growing machinery segment, experiencing a CAGR of 7.0%.
Retailers' and manufacturers' requirements to improve the tracking and traceability of products within the supply chain to prevent product theft and counterfeiting, and to improve security are leading to better and more sophisticated product labelling.
This is the main factor having a positive influence on labelling machinery growth.
Filling and dosing machinery is the largest sector for packaging machinery, representing nearly a quarter of all revenues.
Steady growth is also predicted within this sector as the trend to reduce changeover times and increase machine flexibility becomes increasingly important.
IMS Research senior analyst and report author, Tim Dawson commented: "Reducing machine downtime and maximising the number of products that can be packaged in a single line is having a positive effect on this market as end-users purchase new machinery that is more versatile to package new products and increase productivity.".
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