Packaging machinery sector set to grow

January 15, 2006

The total value of the sector in is expected to reach 450 billion ($55.8 billion) during the 2006-2010 period with an annual growth of 7%.

Industry insiders said that the growth forecast is based on the ever-increasing for instant foods including microwaveable, leisure and frozen foods, directly promoting the development of the food and related . During the

2011-2015 period, the total output value of the country’s sector will be up to 600 billion with an annual growth of 6%, the industry sources said.

In breakdown, by 2015, the of paper products will be 36 million tons; plastic products, 9.46 million tons; metal products, 4.91 million tons; and glass products, 15.5 million tons. Meanwhile, the of will be 1.2 million units or sets during the same period.

At the same time, ’s sector will introduce high-grade raw materials and imported or equipment in the coming 10 years so as to adjust its structure, lower its raw material consumption, and improve quality.

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