Italy: Turnover growth for packaging machinery industry

Rome: Italy’s automatic packaging and wrapping machinery market recorded total turnover of €9.23bn during 2023, marking an 8 per cent rise on the previous year.

This is according to data from Mecs – the Italian Packaging Machinery Manufacturers Association (UCIMA) Research Centre in its 12th National Statistics Survey of 594 companies and 38,219 employees.

According to UCIMA, 78.7 per cent of revenues came from international markets, or €7.26bn, with 21.3 per cent coming from Italy.

With €2.71bn in sales, the EU remained the main target area for Italian machinery, making up 37.3 per cent of all exports.

Asia came second with turnover of €1.47bn, representing 20.3 per cent of the industry’s total international sales, with North America third on €1.25bn.

By industry, the food and beverage industry made up 57.1 per cent of total revenues, with food encompassing 30.9 per cent (€2.856bn) of total turnover.

“Essentially, the aggregate data has confirmed the picture painted by the preliminary figures, demonstrating how our industry and the entire Italian supply chain have established a method that guarantees reliability and innovation,” said UCIMA chair Riccardo Cavanna.

”Our companies keep growing and setting themselves new challenges, all the while increasingly pioneering solutions that ensure they retain their global leadership.

“As regards the domestic market, the introduction of the Italian law decree implementing Industry 5.0 provisions will give impetus to new investments and drive growth in the Italian market,” he added.