Packaging Equipment

An Expert's View about Machinery and Robotics in Taiwan

Last updated: 8 May 2011

Summary
In 2010, the Taiwan economy rebounded sharply from the global financial crisis and enjoyed 10.47% GDP growth. As consumer spending increases, there is increasing demand for high speed, automatic, high accuracy and sophisticated packaging equipment to reduce labor costs and ensure quality. Taiwan’s packaging equipment market expanded by 22 percent, from US$ 226 million in 2009 to US$ 290 million in 2010, and imports of packaging equipment also saw impressive growth in the past year, from US$ 86 million in 2009 to US$ 105 million in 2010. Taiwan’s packaging industry is ripe for U.S. exporters of sophisticated packaging equipment, especially those targeting the food/beverage and pharmaceuticals sectors. 

Market Demand
For the past three decades, Taiwan’s packaging equipment sector has developed hand in hand with Taiwan’s economy. In 2010, the Taiwan economy rebounded sharply from the global financial crisis and enjoyed 10.47% GDP growth. As the economy grows, there is increasing consumer goods, which also increases the demand for high speed, automatic, high accuracy and sophisticated packaging equipment to reduce labor costs and ensure quality for consumer goods manufacturers. The overall packaging equipment market expanded by 22 percent, from US$ 226 million in 2009 to US$ 290 million in 2010. Imports of packaging equipment saw impressive growth in the past year, from US$ 86 million in 2009 to US$ 105 million in 2010. Major sources of imports are Japan, China, Germany and the U.S.
 


Posted: 06 May 2011, last updated 8 May 2011