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The market size of China's packaging machinery industry is growing rapidly, from $112.52 billion between 2015 and 2020 to $167.73 billion in 2019, representing a growth rate of 49.5% and a return of 5.1%.
The future development prospects of China's packaging machinery industry is very clear. Firstly, with the improvement of infrastructure, climbing demand for consumer goods, and the promotion of government policies, the demand for China's packaging machinery industry will continue to grow, and the industry's development space will be further broadened.
In addition, China's packaging machinery industry continues to be supported by government policies. The government has taken a series of policy measures, such as the implementation of scientific and technological transformation programmes, promote technological innovation, broaden the industry's development space, accelerate the pace of development of the industry, and further promote the growth of China's packaging machinery industry market size.
In addition, China's packaging machinery industry will continue to promote technological innovation, improve product quality and extend product life. In the future, China's packaging machinery industry will develop in the direction of intelligence, environmental protection and energy saving to achieve more efficient production and higher quality products.
According to the analysis of China Packaging Machinery Industry Market Competition Strategy and Investment Strategy Planning Report 2023-2029 released by Market Research Online, with the support of government policies, the promotion of technological innovation and the climbing demand for consumer goods, the market scale of China packaging machinery industry will continue to grow, and it is expected that the market scale of China packaging machinery industry will reach 233.86 billion in the next five years.
Strengthen the exploration of new technologies, explore the potential of new technologies, actively introduce foreign advanced technology, and constantly improve the scientific content of packaging machinery to achieve automation and intelligent technological innovation. In addition, strengthen the collection and summary of market information, from the perspective of the market, according to the market demand, to provide guidance direction for the technological innovation of enterprises, and improve the comprehensive competitiveness of enterprises.
In addition, to promote the development of the packaging machinery industry, we should also strengthen the training of scientific and technological personnel, and constantly improve the innovation ability of technical personnel, enhance the level of research and development of enterprises, and put technological innovation into practice.
