The Italian packaging machinery industry continues to grow, its total turnover exceeding the record figure of 8 billion euros registered in 2019. Specifically, the Italian market has grown by a further 3.2% to a total of 1.713 billion euros following last year’s excellent results, partly achieved thanks to the government’s Industry 4.0 incentives. Exports, which account for 78.6% of total turnover, also rose by 1.4% to 6.293 billion euros. The available disaggregated data reveal particularly high levels of performance for exports of Italian technologies to three macro regions: Asia (+12.7%), EU (+6.5%) and Africa/Oceania (+3%). The forecasts for 2020 therefore remain cautious. Areas of concern include the continued geopolitical turbulence in a number of markets, tariffs and trade tensions at an international level, and the failure of the Italian government’s policies to adequately address companies’ growth needs. “According to the macroeconomic forecasts, global GDP growth will continue to decelerate, and at a sectoral level order acquisition is currently less positive than in the past,” explained Enrico Aureli, chairman of Ucima. “We therefore believe that 2020 may be a year of consolidation after a period of strong and uninterrupted growth in recent years. But we remain optimistic about our sector’s medium- and long-term growth prospects”.

Part of 644 issue - December 19/January 20. All rights reserved except agreement written by Emballage Digest or mention of the magazine