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Global Packaging Machinery Demand Is Expected To Grow At A Rate Of 5.3% Per Year

Hangzhou Newtech Machinery Co.,Ltd | Updated: Jan 09, 2017

Yuan. MPI group reported that although manufacturing plants around the world continue to cut capacity, but it also nearly half of companies plan to increase spending on equipment.

GIA packaging equipment sales is the main driving force behind growth due to the development of emerging markets, particularly in Asia-Pacific, Latin America and the Middle East. GIA explains that this is due to the accelerated development of emerging industries, the rapid expansion of food processing and consumer durables industries, as well as large amounts of foreign investment. While developed countries also play a huge role.

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