PACKAGING PROTECTS BOTH PRODUCTS AND BUSINESS
The packaging industry is experiencing rapid growth as the e-commerce market continues to boom. In 2016 alone, the demand for consumer product packaging reached 3.4 trillion units, with an expected CAGR of 5.76% through 2021.
The Asian market is a major influencer in the packaging industry with nearly 60% of global growth expected to come from the region in 2020. The region’s packaging market is projected to reach USD 998 billion with the highest growth rate by that year.
The packaging machinery market is experiencing growth. In 2016, the market was valued at USD 39.647 billion and is expected to grow with a CAGR of 6.7% through 2023. The filling machine segment accounts for the largest market share followed by wrapping machines.
Packaging does more than just protect products – it also provides a way for consumer product manufacturers to increase profits and respond to consumer demands and trends. Packaging machinery and technology is key to for manufacturers looking to achieve this goals. Find solutions for your business at PackagingTechAsia. You will meet leading industry players and see the latest in packaging technology. The exhibition will be held from 13 to 16 June at Bitec Bangna.
560 total exhibitors with
1,600 estimated pieces of machinery
- 15 June 2018 | 10.00-15.30 Hrs. | Meeting Room 211