Pharma forecast to see fastest machinery-sector growth around the world into 2021

According to a new report by PMMI Business Intelligence, the pharmaceutical end market for packaging machinery will continue to grow the fastest with a CAGR of 4.1%.

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Filling & Dosing and Labeling, Decorating & Coding machinery are estimated to have been the two largest market machine groups in 2016, which accounted for 20.7% ($7.6 billion) and 12.6% ($4.6 billion) of the total market, respectively.

The Labeling, Decorating & Coding; Vertical Form, Fill & Seal; and Horizontal Form, Fill & Seal machinery markets are forecast to have the highest growth rates from 2016 to 2021, with CAGRs of 3.0%, 3.1% and 3.2%, respectively.

Asia Pacific was the largest market for packaging machinery, accounting for 36.3% ($13.4 billion) of global revenues in 2016. The Asia-Pacific market is forecast to grow at a CAGR of 3.0% to $15.5 billion in 2021. EMEA was the second largest, accounting for 33.2% ($12.2 billion) of global revenues in 2016. The EMEA market is forecast to grow at a CAGR of 2.9% to $14.9 billion in 2021.

Source: PMMI Business Intelligence, “Global Trends Impacting the Market for Packaging Machinery 2018.” Download the FREE Executive Summary, or the full report here.

Rethinking Packaging Robotics to Prioritize Flexibility
In this eBook, you’ll learn how to guard against the traps that CPGs sometimes inadvertently set for themselves when implementing robotics that lead to automation “brittleness.”
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Rethinking Packaging Robotics to Prioritize Flexibility
Rethinking Packaging Robotics to Prioritize Flexibility
In this eBook, you’ll learn how to guard against the traps that CPGs sometimes inadvertently set for themselves when implementing robotics that lead to automation “brittleness.”
Read More
Rethinking Packaging Robotics to Prioritize Flexibility