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CLEVELAND , April 19, 2022 /PRNewswire/ -- Despite developed manufacturing industries, the US and China are expected to account for half of all packaging equipment sales growth through 2026, finds a new Freedonia Group analysis. Rising demand for more advanced equipment will be a key driver of growth in both countries:

Global Packaging Equipment Demand to Grow Nearly 6% Annually Through 2026

The Freedonia Group projects global demand for packaging equipment to increase 5.8% per year through 2026 to $71.1 billion . Multiple trends will drive market growth, including:

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 [email protected]

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