Global Trends
Check out the latest blog posts for what’s happening in the global packaging and processing industry.
Check out the latest blog posts for what’s happening in the global packaging and processing industry.
The Office of the United States Trade Representative (USTR) announced a list of products imported from China that will be subject to an additional tariff of 25 percent starting July 6, 2018. Some packaging and processing machinery and parts coming into the U.S. from China will be subject to this change.
The demographic trends over the coming decades through 2050 indicate that the global population will be older and more urbanized, according to Food and Drink Megatrends to 2050: Convenience and Healthification for an Aging, Urban Population, a recent Industry Trend Analysis by BMI Research.
Asia Pacific was the largest market for packaging machinery at 36.3 percent ($13.4 billion) of global revenues in 2016. This market is forecast to grow at a compound annual growth rate (CAGR) of 3.0 percent to $15.5 billion in 2021.
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.
