China Food Packing Machinery Market to Double in 2005 August 19, 2008Posted by champion in : Uncategorized , trackback
The packaging machinery industry is closely relevant with the boom and bust of the consumer goods industry. A rise in the demand for consumer goods is commonly reflected on the sales of packaging for these products and, therefore, in turn benefiting packaging machinery players. Currently, mounting environmental awareness, problems of waste disposal, a growing scarcity of raw materials and the consequent statutory regulations, are demanding a fast response from all industrial sectors, especially in packaging machinery arena. In response to the up-and-coming recycling concept, packaging machinery manufacturers must be prepared to invest in continual development of their products and technologies.
In China, the major exports included food grinding machines, mixer, juice extractor, food and beverage makers, cereal and bean processing machine. By the statistics, the largest growth lay in diary product processing and brewing equipment.
Thanks to the improved living standard and gradual shift of eating habit, the sales of food packaging machinery in China will continue to increase in the on-coming years. By a survey, in 2005, the overall demand is expected to hit RMB65 billion, highly potential as compared with the existing market scale of RMB30 billion, marking an average growth of more than 12 percent every year.
Fueled by growing proportion of food industrial output value, probably up from the current 0.3-0.4 percent to 0.5-1 percent, more and more industry players target Chinese market, seeing the coming years as hay days to expand their market share.
Rising meat consumption will boost the demand for meat processing in the food industry from the present four percent to 10 percent with the output reaching 6 million tons, together with the improved proportion of grain processing from eight percent to 15 percent and with the processing volume peaking 82.50 million tons. Meanwhile, the output of sugar will climb to 10 million tons in 2005, the output of diary products, 800,000 tons, various feed, 27 million tons, liquid milk, two million tons, edible oil, 30 million tons, and tin food, 3.80 million tons.
Article from ttnet.net