According to the preliminary figures compiled by MECS-Ucima (Italian Packaging Machinery Manufacturers’ Association) Research Department, the Italian packaging machinery sector will register an overall turnover of EUR7.63bn in 2020, 5% down on the result recorded in 2019.
This figure comes as the industry has faced severe difficulties this year, amid a combination of the COVID-19 pandemic and a global economic slowdown. Although several key client sectors posted strong performances (including Food & Beverage, Pharma and Home & Personal Care), these only mitigated the industry-wide year-end losses, according to a statement. Specifically, the Italian packaging machinery manufacturers’ domestic sales fell by 6.8% to EUR1.5bn, while exports, which have always been the main source of sales for the sector, experienced a 4.5% year-on-year loss to EUR6.06bn.
“We were expecting this slowdown, but our sector remains robust and is looking to the future with confidence,” Ucima’s chairman Matteo Gentili said. “We were well prepared for the Covid emergency and have demonstrated our strength in the face of adversity. Our Industry 4.0 technologies allowing for remote plant control, testing and service have enabled us to keep in close touch with our customers around the world. We are cautiously optimistic about a return to growth in 2021, while being aware of the strength of our competitors and the uncertainty that the pandemic is continuing to cause in many markets.”