Bar coding and labeling drive packaging growth
Staff -- Modern Materials Handling, 2/1/2009
According to "World Packaging Machinery," a new study from The Freedonia Group (www.freedoniagroup.com), a Cleveland-based industry research firm, world demand for packaging machinery is forecast to grow 5.2% annually through 2012 to almost $40 billion.
Sales of this equipment will be spurred by rising economic output and improved standards of living in developing parts of the world. This will result in increased consumer spending, manufacturing activity and associated packaging equipment demand. Labeling and coding equipment will record the fastest gains of any packaging machinery type through 2012, driven by a rising consumption of label-intensive nondurable goods, a growing need for shippers to accurately track items for safety and security reasons, and an expanding number of labeling regulations.
Packaging equipment sales up
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