Germany leads the European sold production of parts of packing and wrapping machines with a significant margin, accounting for over 2 billion Euros in 2023. Italy follows as the second-largest producer at approximately 744 million Euros, displaying strong growth at a 6.97% increase from the previous year. Czechia, the UK, and Netherlands complete the top five, each contributing over 100 million Euros. Smaller markets like Lithuania, Estonia, and Croatia have minimal contributions, under 1 million Euros each. The past year's growth is driven by Italy, Spain, and Hungary, with notable year-on-year increases. Conversely, Sweden and Finland experienced negative growth.
Looking ahead, production trends suggest potential growth in markets with rising technology adoption in packaging automation. Key future trends to watch include the continued expansion in Italy due to increasing demand and innovation, emerging Eastern European countries which might catch up with technological investments, and shifts in production due to sustainable packaging solutions amid evolving environmental regulations in Europe.
Top countries in Sold Production of Parts of Packing and Wrapping Machines by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,031,400,000 | 2023 | +2.42% | +0.4% | View data |
| 2 | 2 Italy | 743,720,000 | 2023 | +7.28% | +6.97% | View data |
| 3 | 3 Czechia | 116,000,000 | 2023 | |||
| 4 | 4 United Kingdom | 114,660,000 | 2023 | +3.44% | +3.02% | View data |
| 5 | 5 Netherlands | 113,670,000 | 2023 | +3.29% | +5.2% | View data |
| 6 | 6 Spain | 112,580,000 | 2023 | +5.55% | +7.46% | View data |
| 7 | 7 France | 100,450,000 | 2023 | +4.01% | +0.37% | View data |
| 8 | 8 Sweden | 86,422,000 | 2023 | -8.1% | -3.84% | View data |
| 9 | 9 Belgium | 58,022,000 | 2021 | +5.38% | View data | |
| 10 | 10 Slovakia | 35,182,000 | 2023 | +3.36% | +2.55% | View data |
