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New study projects world demand for packaging machinery to 2017

from Modern Materials Handling

Growth in worldwide demand for packaging machinery is expected to climb at a 4.6 percent annual pace through 2017 to $41.8 billion, according to a new study by The Freedonia Group. The study analyzes the currently $33.4 billion world packaging machinery industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by machinery type (e.g., filling and form/fill/seal; labeling and coding; wrapping, bundling and palletizing; case forming, packing and sealing), market (e.g., food, beverages, pharmaceuticals and personal care products, chemicals products), world region, and for 31 countries. more


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