According to authoritative experts, despite the financial crisis, the market demand for the world packaging machinery will still maintain an annual growth rate of 5.2%, and it is expected to reach 39.8 billion U.S. dollars by 2012. The reason why such remarks have been made is that although the economy has slowed down, it is still on the way ahead. People's daily consumption (especially the food category) is still on the rise. This has led to the development of the packaging market and the packaging companies Packaging equipment needs. From the current point of view, many packaging equipments in the world have entered a period of replacement. This kind of fixed asset investment is an inevitable task for companies to survive in the increasingly fierce market competition. Investing in new equipment can increase production efficiency, flexibility, reliability, and reduce material waste.
In the coming years, sales of packaging equipment in developing countries and regions will exceed those in developed countries and regions (such as Japan, the United States, and Western Europe). In the largest developing country, China, the demand for packaging equipment will exceed US$3.3 billion by 2012, thus surpassing the US to become the world’s largest market. In India and Russia, as well as in low-capacity markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa, and Turkey, the market demand for packaging equipment also has some room for growth.
Although in some developed countries, such as the United Kingdom, Germany, Italy and Japan, the demand for packaging equipment will be relatively slow, but there will be some growth. On the other hand, packaging equipment manufacturing industry will also rise at a faster rate in developing countries, but the equipment manufacturing capacity is still led by industrialized countries. By 2012, Western Europe, Japan and the United States will continue to occupy two-thirds of the packaging machinery manufacturing market.
In the coming years, sales of packaging equipment in developing countries and regions will exceed those in developed countries and regions (such as Japan, the United States, and Western Europe). In the largest developing country, China, the demand for packaging equipment will exceed US$3.3 billion by 2012, thus surpassing the US to become the world’s largest market. In India and Russia, as well as in low-capacity markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa, and Turkey, the market demand for packaging equipment also has some room for growth.
Although in some developed countries, such as the United Kingdom, Germany, Italy and Japan, the demand for packaging equipment will be relatively slow, but there will be some growth. On the other hand, packaging equipment manufacturing industry will also rise at a faster rate in developing countries, but the equipment manufacturing capacity is still led by industrialized countries. By 2012, Western Europe, Japan and the United States will continue to occupy two-thirds of the packaging machinery manufacturing market.
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