Packaging machinery market in China to grow 7.5% annually to 2016 says new report

Packaging machinery market in China to grow 7.5% annually to 2016 says new report

According to the report ‘Packaging Machinery in China: NEW Industry forecasts for 2016 & 2021’ demand for packaging machinery in China is forecast to rise 7.5% annually to 2016. Advances will be led by growth in manufacturing output, as consumption of Chinese goods grows both internationally and domestically. The development of e-commerce in China and producers' efforts to expand distribution to more areas in China will lead to the greater use of packaging, resulting in growth of associated packaging machinery sales.

More stringent safety and hygiene standards for food, beverage, and medical products will drive demand for more advanced packaging equipment. Filling and form/fill/seal equipment will continue to be the largest product segment in value terms in 2016. Suppliers will benefit from increasing consumption of packaged food and beverages in China as lifestyles continue to change in line with rising personal income levels. Demand for these types of machinery will also grow due to the development of the pharmaceutical industry and improved medical technology. Demand for labeling and coding equipment is forecast to rise 8.2% yearly to 2016, recording the strongest advances of any packaging machinery product.

View the report: ‘Packaging Machinery in China: NEW Industry forecasts for 2016 & 2021’

press@reportbuyer.com

44 (0) 20 7060 7474

Reportbuyer.com is the online store for global business information. The website now lists more than 200,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

Tags: