Packaging machinery sector set to grow

The total industrial value of the packaging sector in China is expected to reach 450 billion yuan (US$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 demand for instant foods including microwaveable, leisure and frozen foods, directly promoting the development of the food packaging and related machinery industry. During the

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

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

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

• China Machine Tool Industry Research 2008 (0)
• Networked Parking System Alerts Drivers to Free Spots (0)
• Machinery industry performs well in Jan-Feb (0)

Next Page »