PACKAGING MACHINERY
VDMA: Coronavirus hits fourth-largest engineering sector
Since the global financial crisis, the food and packaging machinery manufacturing division of German engineering association VDMA (Frankfurt; www.vdma.org/packaging-machinery) has only ever moved in one direction: upwards. Last year, however, saw a stop to the 10-year growth phase, with machinery production down 9% to EUR 13.9 bn as exports declined 8% to EUR 8.5 bn.

The association’s MD Richard Clemens said, “This drop in production does not come as a surprise, because 2019 was an exceptionally strong year for our sector. Even without the coronavirus pandemic, we would probably only have just exceeded the high level of 2019.”

Current estimates suggest that a return to the 2019 level is not very likely for 2021. “Although we are expecting production to grow this year, it probably won’t be in double digits,” Clemens said. He was positive about the general outlook for the industry as companies are still benefiting from the rising global demand for processed and packaged foods, beverages, cosmetic products and pharmaceuticals.

The range of packaging machinery – the sector group represents some 120 manufacturers – includes production machines for packaging material, dosing, feeding and sorting units, form, fill and seal machines, cartoners and also complete packaging lines for primary, secondary and transport packaging.
03.05.2021 Plasteurope.com [247531-0]
Published on 03.05.2021
Verpackungsmaschinen: Corona-Krise hinterlässt BremsspurenGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 24.11.2024 02:29:24   (Ref: 236271286)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp