Packaging machinery demand to grow
January 1, 2009
Demand for packaging machinery worldwide is expected to rise, according toWorld Packaging Machinery Market, a new analysis from Reportlinker.com. According to the analysis, world demand is forecast to grow 5.2% annually through 2012 to $39.8 billion. Rising economic output and improved standards of living, which will result in increased consumer spending, manufacturing activity and associated packaging equipment demand, will spur product sales. Of all the packaging machinery types, labelers and coders will record the strongest gains. Demands for wrappers, bundlers and palletizers will also rise to an above-average pace. However, filling and form-fill-seal equipment will still be the most widely used type of packaging machinery, making up nearly 25% of the 2012 market total.