Reportlinker.com, a US-based market research engine, has announced that a new market research report related to the packaging industry is available in its catalogue.
According to the study, world demand for packaging machinery is forecast to grow 5.2% annually through 2012 to $39.8 billion. Product sales will be spurred by rising economic output and improved standards of living, resulting in increased consumer spending, manufacturing activity and associated packaging equipment demand. Market gains will be constrained to some extent by a deceleration in global fixed investment expenditures growth, as well as by competition from used and rebuilt machinery. However, the introduction of better performing equipment will provide some offsetting support, leading to the replacement of older units by new packaging machinery that is faster; more flexible, reliable and energy efficient; and able to minimize waste.
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