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In early 2008, a financial crisis caused by the US subprime mortgage crisis was rampant and spread all over the world, and all industries and industries were affected by different degrees. For the packaging industry, although it has also been a lot of impact, but the packaging products and packaging machinery market trends, the packaging industry still has some room for development.
Global packaging machinery market 1. Demand for global packaging machinery market in 2012 is expected to reach 39.8 billion U.S. dollars According to the survey data of the consulting firm of Fredonia, the demand for the world packaging equipment market in 2008 was 31 billion U.S. dollars due to the financial crisis. The dollar was discounted to about 28 billion U.S. dollars.
According to authoritative experts, despite the financial crisis, the market demand for the world packaging machinery will still maintain an annual growth rate of 5.2%, and it is expected to reach 39.8 billion U.S. dollars by 2012. The reason why such remarks have been made is that although the economy has slowed down, it is still on the way ahead. People's daily consumption (especially the food category) is still on the rise. This has led to the development of the packaging market and the packaging companies Packaging equipment needs. From the current point of view, many packaging equipments in the world have entered a period of replacement. This kind of fixed asset investment is an inevitable task for companies to survive in the increasingly fierce market competition. Investing in new equipment can increase production efficiency, flexibility, reliability, and reduce material waste.
In the coming years, sales of packaging equipment in developing countries and regions will exceed those in developed countries and regions (such as Japan, the United States, and Western Europe). In the largest developing country, China, the demand for packaging equipment will exceed US$3.3 billion by 2012, thus surpassing the US to become the world’s largest market. In India and Russia, as well as in low-capacity markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa, and Turkey, the market demand for packaging equipment also has some room for growth.
Although in some developed countries, such as the United Kingdom, Germany, Italy and Japan, the demand for packaging equipment will be relatively slow, but there will be some growth. On the other hand, packaging equipment manufacturing industry will also rise at a faster rate in developing countries, but the equipment manufacturing capacity is still led by industrialized countries. By 2012, Western Europe, Japan and the United States will continue to occupy two-thirds of the packaging machinery manufacturing market.
2. Labeling and coding equipment will set a new record in the packaging market. The labelling and coding equipment will create the largest sales volume in all packaging equipment, thanks to the growing consumption of non-persistent label products, and the surge in calls for protection of food safety. Industry developed more label use specifications. In addition, the demand for parcels, tying and stacking equipment is also rising at a relatively high speed. Advances in technological improvements, mechanical design, etc. have also promoted the sales of such equipment. Filling and filling/sealing equipment is still the most widely used packaging equipment and will account for a quarter of the packaging equipment market by 2012.
3. The market for pharmaceuticals and personal care products has grown rapidly The packaging equipment market for the production of pharmaceuticals and personal care products will maintain a rapid growth rate due to increased investment in equipment by developing countries and the increasing use of disposable medical care. The ageing of the population of equipment and developed countries is even more serious. With the rapid increase in the variety of drugs, the demand for packaging equipment in this market has also risen. The beverage packaging machinery market will also show a steady development trend, as many developing countries are increasingly spending on beverage packaging products and are making more use of more efficient, high-end packaging equipment, especially in industrialized countries. What attracts most attention is that the food processing field will still be the largest demand market for packaging equipment, and by 2012 it will account for 43% of global demand for packaging equipment.
In 2010, the demand for world pharmaceutical packaging will exceed 30 billion U.S. dollars. The global medical supplies industry is a key area for the development of the packaging industry. However, due to the global financial crisis, pharmaceutical companies have also suffered a certain blow, such as the pharmaceutical giant Pfizer Inc. The layoff plan was announced on a monthly basis. However, according to forecasts of the American market research organization Friedonia Group, the demand for the world pharmaceutical packaging market is expected to grow at a rate of 6.3% per year, and it is expected to exceed US$30 billion by the first half of 2010. The United States, Japan and Western Europe and other developed countries will continue to occupy more than 70% of the global pharmaceutical packaging market demand. With regard to the development potential, the pharmaceutical packaging market in China will maintain a strong momentum of development due to the rapidly increasing pharmaceutical manufacturing capacity and various government-developed policies and measures aimed at improving the quality of pharmaceutical products.
In other major developing countries, India and Brazil will also have strong growth potential, but their share in the world pharmaceutical packaging market will not change significantly in 2009.
In 2012, the world's high-end electronic packaging revenue will exceed 42 billion US dollars. According to Global Industry Analysts, the world's largest market research company, total high-end electronic packaging revenue in 2007 was approximately 28.27 billion U.S. dollars, and is expected to exceed 42 billion U.S. dollars by 2012.
In 2008, the Asia-Pacific region was the largest high-end electronic packaging market with US$17.98 billion. In 2007, Germany led the European market with a total income of 1.26 billion U.S. dollars. By 2012, the United Kingdom is expected to become the second largest market in Europe, and it is expected that revenue will exceed US$1.52 billion. During the four years from 2009 to 2012, chip packaging is expected to become the fastest growing electronic packaging segment with an annual growth rate of 18.9%.
According to the company, the growth of high-end electronic packaging market will gradually infiltrate into the traditional packaging market. These high-end packaging meet the high performance requirements of IC manufacturers and original equipment manufacturers' requirements for product size, thereby replacing the traditional packaging products that are unable to meet the needs of the times.
Asia-Pacific region will lead the flexible packaging market in 2010 According to the PCI company's forecast, despite the global financial crisis, the growing market demand in the Asia Pacific market will boost the demand for flexible packaging market in the region from 34 billion euros in 2005 to 43 billion in 2010. EUR. The main reason for the increase was due to the large number of multinational companies in the region (such as Nestle and Kraft). These companies are increasingly demanding flexible packaging, which has led to the development of the flexible packaging market. "In addition to the more mature markets in the region (such as Australia and New Zealand), Asian countries will also have outstanding performance in the food flexible packaging market," said Paul Gaster, a packaging expert at PCI Corporation.
“The potential of Asian countries in the flexible packaging market is shocking,†he said. “According to our statistics in previous years, the annual growth rate of flexible packaging in China alone has reached 15%.†China and India are the fastest growing markets, but not Too much of the market, such as Indonesia and the Philippines, is also driving the prosperity of the flexible packaging market.
According to PCI, the flexible packaging market in Indonesia and the Philippines has an average annual growth rate of about 6% to 7%. Although Indonesia and the Philippines have smaller markets compared to China, these two countries also provide flexible packaging manufacturers. There are many opportunities," said Paul Gast. For the prosperity of the flexible packaging market, Geist believes that a number of international food processors are very favored in this market. “Some large multinational companies such as Kraft and Nestlé have shown increasing interest in developing markets such as Asian markets.†He said, “When these groups enter the Asian market, their product packaging is mainly local procurement. Paul Geist believes that large multinational companies will continue to increase the market competitiveness of flexible packaging to ensure that flexible packaging has greater development in the region.
The Russian packaging market under the financial crisis At present, the packaging market is already a major component of the Russian economy. Statistics from the Russian State Statistical Commission show that from 1999 to 2003, the Russian packaging market increased by 53%, which means that the annual growth rate is above 10%, far higher than the growth rate of 4% to 5% of the world packaging market over the same period. Some packaging markets, especially cardboard packaging and soft plastic products, are growing at a faster rate, with an annual growth rate of 15% to 20%. Most industry analysts believe that although there was little fluctuation in the Russian packaging market from 2005 to 2009, the macro-economy still increased significantly, and there will be good development prospects after 2009. According to conservative estimates by analysts, the Russian packaging market will expand by 2010. In addition, Russia’s consumer packaging market will have a higher growth rate than the overall packaging market. If they agree with experts' estimates, the overall packaging market will maintain a growth rate of 10% to 12% in cost value, and the consumer packaging market will maintain a growth rate of 15% to 16%. As far as 2008 is concerned, the packaging market capacity is already twice that of 2003.
Of course, the growth of the Russian market is obviously very attractive to merchants wishing to invest in this market. In addition to the positive investment attitudes exhibited by Russian producers, large Western companies have also shown great interest in the Russian market, such as Alcan, Stora Enso, SCA, TetraPak, and Amcor. Rexam, Sisecam, Owens-Illinois and others have announced new plans to invest in the Russian packaging market.
The Russian State Customs Commission's analysis shows that imported packaging materials and products account for a large proportion of consumer packaging. According to Prado marketing company's experts, before 2004, the countries that exported to the Russian market were Poland, Germany and Ukraine. In 2005, the main exporting countries were Italy, China, Austria, France, the United Kingdom, Finland and the Czech Republic. However, due to technological and economic factors, companies in these countries have not been able to achieve localized production.
In the past few years, the packaging equipment manufacturing industry has increased by about 10%. The share of domestic equipment and imported equipment in the Russian market is basically equal. However, an interesting situation is that Russian packaging equipment manufacturers sometimes use up to 100% of the major imported components. According to statistics, in 2005, German equipment manufacturers occupied a strong position in the Russian market with a market share of approximately 59%, followed by Italy with 15%, Sweden with 6%, the United States with 5%, and the Netherlands with 4%. From 2006 to 2008, China’s exports of Russian packaging products and packaging equipment increased significantly.
In the face of the international financial crisis, Russia’s packaging and printing companies had to reformulate their market development strategies and save money. Some Russian foreign-funded enterprises also face this situation. The Mengdi Group, which started as a company in Syktyvkar Forest, is also working on a new development plan. The group believes that this crisis will likely continue into June and July 2010. When this new plan is implemented, paper sales will not be a problem. Even if the next step is to consider expanding paper production, then it will be able to switch to " "Danger" is "machine."
The US packaging market under the financial crisis Although the financial crisis caught the United States by surprise, the economy of the country was greatly affected, but for the US packaging industry, industry experts are still optimistic. They believe that in 2012 the US product packaging demand is expected to reach 4.7 billion US dollars. Increased product production, favorable demographic trends, growth in consumer spending, healthy dietary trends, and demand for fresh products will all stimulate the growth of the US packaging market.
In addition, other trends, such as retailers' great desire to reduce labor costs through higher automation of packaging equipment, have also stimulated the development of the packaging market. The US food packaging market was approximately $6.6 billion in 2003 and is expected to reach $10.8 billion by 2013. The average annual growth rate will remain at 3.4%.
The outlook for the Mexican packaging market is very wide In recent years, with the gradual recovery of the economy in Central America, Mexico’s economy has made remarkable progress and has now become the largest economy in the region. In recent years, Mexico has not only joined the North American Free Trade Area, but also has signed free trade agreements with many Asian countries, Latin American neighbors, and the European Union, which means that about 90% of goods are tax-exempt in Mexico. In 2003, Mexico’s exports had reached about 165.33 billion U.S. dollars. As export goods put new and refined demands on packaging products, Mexican manufacturers increased their investment in packaging. Now Mexico has been ranked as the sixth largest importer of packaging machinery in the world, second only to the United States, France, Germany, China and the United Kingdom. In 2003 alone, the country imported about $420 million worth of packaging machinery. The quality and competitiveness of China's packaging machinery are very attractive in this market. In fact, China’s related products already have a certain share in the Mexican and Latin American markets, but most of them are resold through the United States, and the United States and Mexico In neighboring countries, Mexico’s foreign trade is highly dependent on the United States. The United States is Mexico’s largest trading partner and source of investment. Bilateral trade accounts for 70% of Mexico’s total foreign trade. Mexico’s major economic sectors are all oriented toward the US market. In the Mexican market, the main customer base for packaging machinery and equipment comes from the food, pharmaceutical, personal care and beverage industries. The food industry accounts for 40% of the packaging machinery market. The pharmaceutical, personal care and beverage industries account for 20%, 14% and 20% of the market share in this segment respectively. The main opportunities for Chinese products in the Mexican market are also in the food, pharmaceutical and beverage industries.
For the pharmaceutical packaging market, this market is expected to maintain a growth rate of about 7% in the next 10 years, while the growth rate of drug flexible packaging in the same period is expected to reach 9%. And with the continuous innovation of packaging materials and packaging technology, there will be more and more packaging materials and packaging options available in the pharmaceutical packaging market in Mexico.
The German plastic packaging market under the financial crisis Despite the world economy began to decline in the fourth quarter of 2008, this economic downturn has affected the German packaging industry, but the German plastic packaging industry still achieved satisfactory results. Compared to the more successful 2007, the production growth rate of the German plastic packaging industry still reached 3% in 2008, and the output increased to 4.1 million tons. In addition, the annual turnover of the plastic packaging industry has also increased by 6%, the total increase to 13.9 billion euros.
However, the German Plastic Packaging Industry Association believes that this rate of growth is still lagging far behind the rate of increase in raw material and energy prices in 2007, and many companies can hardly pass these costs on to consumers. What will happen to the industry in 2009? According to the situation in the first quarter of 2009, the automotive industry and the chemical industry are facing a huge reduction in production. Members of the German Plastic Packaging Industry Association also adjusted their production strategies in time to spend a special period in the future. In any case, as far as the overall trend is concerned, the plastic packaging industry still has optimistic development prospects. Many companies are confidently developing new products or innovating production models to tap the full potential of the industry. In general, demand in Germany is expected to increase, but there may be negative growth in exports.
Global packaging machinery market 1. Demand for global packaging machinery market in 2012 is expected to reach 39.8 billion U.S. dollars According to the survey data of the consulting firm of Fredonia, the demand for the world packaging equipment market in 2008 was 31 billion U.S. dollars due to the financial crisis. The dollar was discounted to about 28 billion U.S. dollars.
According to authoritative experts, despite the financial crisis, the market demand for the world packaging machinery will still maintain an annual growth rate of 5.2%, and it is expected to reach 39.8 billion U.S. dollars by 2012. The reason why such remarks have been made is that although the economy has slowed down, it is still on the way ahead. People's daily consumption (especially the food category) is still on the rise. This has led to the development of the packaging market and the packaging companies Packaging equipment needs. From the current point of view, many packaging equipments in the world have entered a period of replacement. This kind of fixed asset investment is an inevitable task for companies to survive in the increasingly fierce market competition. Investing in new equipment can increase production efficiency, flexibility, reliability, and reduce material waste.
In the coming years, sales of packaging equipment in developing countries and regions will exceed those in developed countries and regions (such as Japan, the United States, and Western Europe). In the largest developing country, China, the demand for packaging equipment will exceed US$3.3 billion by 2012, thus surpassing the US to become the world’s largest market. In India and Russia, as well as in low-capacity markets such as Ukraine, Iran, Indonesia, Malaysia, Saudi Arabia, Mexico, South Africa, and Turkey, the market demand for packaging equipment also has some room for growth.
Although in some developed countries, such as the United Kingdom, Germany, Italy and Japan, the demand for packaging equipment will be relatively slow, but there will be some growth. On the other hand, packaging equipment manufacturing industry will also rise at a faster rate in developing countries, but the equipment manufacturing capacity is still led by industrialized countries. By 2012, Western Europe, Japan and the United States will continue to occupy two-thirds of the packaging machinery manufacturing market.
2. Labeling and coding equipment will set a new record in the packaging market. The labelling and coding equipment will create the largest sales volume in all packaging equipment, thanks to the growing consumption of non-persistent label products, and the surge in calls for protection of food safety. Industry developed more label use specifications. In addition, the demand for parcels, tying and stacking equipment is also rising at a relatively high speed. Advances in technological improvements, mechanical design, etc. have also promoted the sales of such equipment. Filling and filling/sealing equipment is still the most widely used packaging equipment and will account for a quarter of the packaging equipment market by 2012.
3. The market for pharmaceuticals and personal care products has grown rapidly The packaging equipment market for the production of pharmaceuticals and personal care products will maintain a rapid growth rate due to increased investment in equipment by developing countries and the increasing use of disposable medical care. The ageing of the population of equipment and developed countries is even more serious. With the rapid increase in the variety of drugs, the demand for packaging equipment in this market has also risen. The beverage packaging machinery market will also show a steady development trend, as many developing countries are increasingly spending on beverage packaging products and are making more use of more efficient, high-end packaging equipment, especially in industrialized countries. What attracts most attention is that the food processing field will still be the largest demand market for packaging equipment, and by 2012 it will account for 43% of global demand for packaging equipment.
In 2010, the demand for world pharmaceutical packaging will exceed 30 billion U.S. dollars. The global medical supplies industry is a key area for the development of the packaging industry. However, due to the global financial crisis, pharmaceutical companies have also suffered a certain blow, such as the pharmaceutical giant Pfizer Inc. The layoff plan was announced on a monthly basis. However, according to forecasts of the American market research organization Friedonia Group, the demand for the world pharmaceutical packaging market is expected to grow at a rate of 6.3% per year, and it is expected to exceed US$30 billion by the first half of 2010. The United States, Japan and Western Europe and other developed countries will continue to occupy more than 70% of the global pharmaceutical packaging market demand. With regard to the development potential, the pharmaceutical packaging market in China will maintain a strong momentum of development due to the rapidly increasing pharmaceutical manufacturing capacity and various government-developed policies and measures aimed at improving the quality of pharmaceutical products.
In other major developing countries, India and Brazil will also have strong growth potential, but their share in the world pharmaceutical packaging market will not change significantly in 2009.
In 2012, the world's high-end electronic packaging revenue will exceed 42 billion US dollars. According to Global Industry Analysts, the world's largest market research company, total high-end electronic packaging revenue in 2007 was approximately 28.27 billion U.S. dollars, and is expected to exceed 42 billion U.S. dollars by 2012.
In 2008, the Asia-Pacific region was the largest high-end electronic packaging market with US$17.98 billion. In 2007, Germany led the European market with a total income of 1.26 billion U.S. dollars. By 2012, the United Kingdom is expected to become the second largest market in Europe, and it is expected that revenue will exceed US$1.52 billion. During the four years from 2009 to 2012, chip packaging is expected to become the fastest growing electronic packaging segment with an annual growth rate of 18.9%.
According to the company, the growth of high-end electronic packaging market will gradually infiltrate into the traditional packaging market. These high-end packaging meet the high performance requirements of IC manufacturers and original equipment manufacturers' requirements for product size, thereby replacing the traditional packaging products that are unable to meet the needs of the times.
Asia-Pacific region will lead the flexible packaging market in 2010 According to the PCI company's forecast, despite the global financial crisis, the growing market demand in the Asia Pacific market will boost the demand for flexible packaging market in the region from 34 billion euros in 2005 to 43 billion in 2010. EUR. The main reason for the increase was due to the large number of multinational companies in the region (such as Nestle and Kraft). These companies are increasingly demanding flexible packaging, which has led to the development of the flexible packaging market. "In addition to the more mature markets in the region (such as Australia and New Zealand), Asian countries will also have outstanding performance in the food flexible packaging market," said Paul Gaster, a packaging expert at PCI Corporation.
“The potential of Asian countries in the flexible packaging market is shocking,†he said. “According to our statistics in previous years, the annual growth rate of flexible packaging in China alone has reached 15%.†China and India are the fastest growing markets, but not Too much of the market, such as Indonesia and the Philippines, is also driving the prosperity of the flexible packaging market.
According to PCI, the flexible packaging market in Indonesia and the Philippines has an average annual growth rate of about 6% to 7%. Although Indonesia and the Philippines have smaller markets compared to China, these two countries also provide flexible packaging manufacturers. There are many opportunities," said Paul Gast. For the prosperity of the flexible packaging market, Geist believes that a number of international food processors are very favored in this market. “Some large multinational companies such as Kraft and Nestlé have shown increasing interest in developing markets such as Asian markets.†He said, “When these groups enter the Asian market, their product packaging is mainly local procurement. Paul Geist believes that large multinational companies will continue to increase the market competitiveness of flexible packaging to ensure that flexible packaging has greater development in the region.
The Russian packaging market under the financial crisis At present, the packaging market is already a major component of the Russian economy. Statistics from the Russian State Statistical Commission show that from 1999 to 2003, the Russian packaging market increased by 53%, which means that the annual growth rate is above 10%, far higher than the growth rate of 4% to 5% of the world packaging market over the same period. Some packaging markets, especially cardboard packaging and soft plastic products, are growing at a faster rate, with an annual growth rate of 15% to 20%. Most industry analysts believe that although there was little fluctuation in the Russian packaging market from 2005 to 2009, the macro-economy still increased significantly, and there will be good development prospects after 2009. According to conservative estimates by analysts, the Russian packaging market will expand by 2010. In addition, Russia’s consumer packaging market will have a higher growth rate than the overall packaging market. If they agree with experts' estimates, the overall packaging market will maintain a growth rate of 10% to 12% in cost value, and the consumer packaging market will maintain a growth rate of 15% to 16%. As far as 2008 is concerned, the packaging market capacity is already twice that of 2003.
Of course, the growth of the Russian market is obviously very attractive to merchants wishing to invest in this market. In addition to the positive investment attitudes exhibited by Russian producers, large Western companies have also shown great interest in the Russian market, such as Alcan, Stora Enso, SCA, TetraPak, and Amcor. Rexam, Sisecam, Owens-Illinois and others have announced new plans to invest in the Russian packaging market.
The Russian State Customs Commission's analysis shows that imported packaging materials and products account for a large proportion of consumer packaging. According to Prado marketing company's experts, before 2004, the countries that exported to the Russian market were Poland, Germany and Ukraine. In 2005, the main exporting countries were Italy, China, Austria, France, the United Kingdom, Finland and the Czech Republic. However, due to technological and economic factors, companies in these countries have not been able to achieve localized production.
In the past few years, the packaging equipment manufacturing industry has increased by about 10%. The share of domestic equipment and imported equipment in the Russian market is basically equal. However, an interesting situation is that Russian packaging equipment manufacturers sometimes use up to 100% of the major imported components. According to statistics, in 2005, German equipment manufacturers occupied a strong position in the Russian market with a market share of approximately 59%, followed by Italy with 15%, Sweden with 6%, the United States with 5%, and the Netherlands with 4%. From 2006 to 2008, China’s exports of Russian packaging products and packaging equipment increased significantly.
In the face of the international financial crisis, Russia’s packaging and printing companies had to reformulate their market development strategies and save money. Some Russian foreign-funded enterprises also face this situation. The Mengdi Group, which started as a company in Syktyvkar Forest, is also working on a new development plan. The group believes that this crisis will likely continue into June and July 2010. When this new plan is implemented, paper sales will not be a problem. Even if the next step is to consider expanding paper production, then it will be able to switch to " "Danger" is "machine."
The US packaging market under the financial crisis Although the financial crisis caught the United States by surprise, the economy of the country was greatly affected, but for the US packaging industry, industry experts are still optimistic. They believe that in 2012 the US product packaging demand is expected to reach 4.7 billion US dollars. Increased product production, favorable demographic trends, growth in consumer spending, healthy dietary trends, and demand for fresh products will all stimulate the growth of the US packaging market.
In addition, other trends, such as retailers' great desire to reduce labor costs through higher automation of packaging equipment, have also stimulated the development of the packaging market. The US food packaging market was approximately $6.6 billion in 2003 and is expected to reach $10.8 billion by 2013. The average annual growth rate will remain at 3.4%.
The outlook for the Mexican packaging market is very wide In recent years, with the gradual recovery of the economy in Central America, Mexico’s economy has made remarkable progress and has now become the largest economy in the region. In recent years, Mexico has not only joined the North American Free Trade Area, but also has signed free trade agreements with many Asian countries, Latin American neighbors, and the European Union, which means that about 90% of goods are tax-exempt in Mexico. In 2003, Mexico’s exports had reached about 165.33 billion U.S. dollars. As export goods put new and refined demands on packaging products, Mexican manufacturers increased their investment in packaging. Now Mexico has been ranked as the sixth largest importer of packaging machinery in the world, second only to the United States, France, Germany, China and the United Kingdom. In 2003 alone, the country imported about $420 million worth of packaging machinery. The quality and competitiveness of China's packaging machinery are very attractive in this market. In fact, China’s related products already have a certain share in the Mexican and Latin American markets, but most of them are resold through the United States, and the United States and Mexico In neighboring countries, Mexico’s foreign trade is highly dependent on the United States. The United States is Mexico’s largest trading partner and source of investment. Bilateral trade accounts for 70% of Mexico’s total foreign trade. Mexico’s major economic sectors are all oriented toward the US market. In the Mexican market, the main customer base for packaging machinery and equipment comes from the food, pharmaceutical, personal care and beverage industries. The food industry accounts for 40% of the packaging machinery market. The pharmaceutical, personal care and beverage industries account for 20%, 14% and 20% of the market share in this segment respectively. The main opportunities for Chinese products in the Mexican market are also in the food, pharmaceutical and beverage industries.
For the pharmaceutical packaging market, this market is expected to maintain a growth rate of about 7% in the next 10 years, while the growth rate of drug flexible packaging in the same period is expected to reach 9%. And with the continuous innovation of packaging materials and packaging technology, there will be more and more packaging materials and packaging options available in the pharmaceutical packaging market in Mexico.
The German plastic packaging market under the financial crisis Despite the world economy began to decline in the fourth quarter of 2008, this economic downturn has affected the German packaging industry, but the German plastic packaging industry still achieved satisfactory results. Compared to the more successful 2007, the production growth rate of the German plastic packaging industry still reached 3% in 2008, and the output increased to 4.1 million tons. In addition, the annual turnover of the plastic packaging industry has also increased by 6%, the total increase to 13.9 billion euros.
However, the German Plastic Packaging Industry Association believes that this rate of growth is still lagging far behind the rate of increase in raw material and energy prices in 2007, and many companies can hardly pass these costs on to consumers. What will happen to the industry in 2009? According to the situation in the first quarter of 2009, the automotive industry and the chemical industry are facing a huge reduction in production. Members of the German Plastic Packaging Industry Association also adjusted their production strategies in time to spend a special period in the future. In any case, as far as the overall trend is concerned, the plastic packaging industry still has optimistic development prospects. Many companies are confidently developing new products or innovating production models to tap the full potential of the industry. In general, demand in Germany is expected to increase, but there may be negative growth in exports.
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