CLEVELAND , April 21, 2022 /PRNewswire/ -- A new Freedonia Group analysis projects global demand for packaging machinery to advance to expand 5.8% per year through 2026 to $71.1 billion . Although from a small base, thermoforming machinery is expect to outperform most other product types:
Through 2026, demand for thermoforming equipment will be boosted by rapidly rising demand for blister, skin, and clamshell packaging due to their ability to extent the shelf-life and preserve the appearance of such products as meats, poultry, and seafood.
However, the high cost of thermoforming packaging equipment and its limited availability is some parts of the world will prevent the segment from registering larger gains.
Global Packaging Machinery is now available from The Freedonia Group. This study provides historical data for 2011, 2016, and 2021, and forecasts for 2026 and 2031 for global packaging machinery shipments, demand by product type, and net exports on a country-by-country basis, valued in millions of current US dollars, including inflation.
Demand is also analyzed by the following markets:
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact: Corinne Gangloff +1 440.842.2400 cgangloff@freedoniagroup.com
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