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Growth Expectations for Global Packaging Machinery Market by Region
Growth Expectations for Global Packaging Machinery Market by Region
Published on
April 19, 2018
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.
Europe, the Middle East and Africa (EMEA) was the second largest packaging machinery market in 2016, accounting for 33.2 percent ($12.2 billion). The EMEA market is forecast to grow at a CAGR of 2.9 percent to $14.9 billion in 2021.
The smallest market for packaging machinery in 2016 was the Americas, accounting for 30.5 percent ($11.2 billion) of global revenues. It is forecast to grow at a CAGR of 2.4 percent to $12.6 billion in 2021.
The two largest sub-regional markets in 2016 were:
- United States – accounting for 17.2 percent ($6.3 billion) of global revenues.
- China – accounting for 15.4 percent ($5.7 billion) of global revenues.
See how these global trends impact your business – download the 2018 Global Trends Impacting the Market for Packaging Machinery report.