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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%.

Pw 401767 Alignment 80

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.

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