From 2013 to 2023, the machinery for packing or wrapping market in Portugal saw fluctuations with values moving from €38.251 million to €54.21 million. In 2023, the market stood at €54.21 million, exhibiting a year-on-year growth of 1.51%. Over the last five years, the market demonstrated a moderate compound annual growth rate (CAGR) of 1.13%.
Noteworthy trends included periods of decline from 2018 to 2020, followed by a recovery beginning in 2021. Year-on-year changes varied significantly, reflecting both external market conditions and potential advancements in technology or shifts in demand.
Future trends to watch for include technological advancements in automation, efforts towards sustainable packaging solutions, and the potential effects of economic fluctuations on investment in new machinery. Additionally, increased e-commerce activities may drive demand for more efficient packaging solutions.
How does Portugal rank in Machinery for Packing or Wrapping Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 4,011,100,000,000,000 | 2023 | +7.31% | +2340% | View data |
| 2 | 2 France | 593,210,000 | 2023 | +1.14% | +0.3% | View data |
| 3 | 3 Netherlands | 468,920,000 | 2023 | +4.94% | +6.92% | View data |
| 4 | 4 United Kingdom | 254,500,000 | 2023 | +0.57% | -1.24% | View data |
| 5 | 5 Greece | 58,300,000 | 2023 | +5.25% | +4.08% | View data |
| 6 | 6 Portugal | 54,210,000 | 2023 | +1.51% | +1.13% |
