As of 2023, Italy leads the European sold production of machinery for packing or wrapping, commanding a significant share of 53.8%. Germany follows with 17.13%, and the Netherlands holds 8.4%. Notably, smaller but growing markets include Estonia, with an 11.55% increase, and Sweden, which saw a 7.92% rise. Conversely, Italy experienced a decline of 5.93%, and the UK saw a slight decrease of 1.02%.
Future trends to watch include technological advancements and sustainability initiatives influencing production. Countries like Estonia and Sweden may continue to expand their market shares, while Italy must adapt to recover its declining trend.
Top countries in Sold Production of Machinery for Packing or Wrapping Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.8 | 2023 | +2.54% | -5.93% | View data |
| 2 | 2 Germany | 17.13 | 2023 | +1.14% | +0.96% | View data |
| 3 | 3 Netherlands | 8.4 | 2023 | +4.32% | +5.64% | View data |
| 4 | 4 Spain | 6.94 | 2023 | +2.32% | +1.37% | View data |
| 5 | 5 France | 4.01 | 2023 | +1.27% | +2.44% | View data |
| 6 | 6 United Kingdom | 1.62 | 2023 | +0.75% | -1.02% | View data |
| 7 | 7 Sweden | 1.15 | 2023 | +3.43% | +7.92% | View data |
| 8 | 8 Austria | 1.03 | 2021 | -23.75% | View data | |
| 9 | 9 Belgium | 0.95 | 2023 | +0.25% | -0.0063% | View data |
| 10 | 10 Denmark | 0.85 | 2023 | +2.47% | -0.21% | View data |
