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Global packaging machinery market surges
The packaging machinery market projected to cross the $40 billion mark in 2012, according to new report by Global Industry Analysts, Inc.
Demand for packaging machinery is fuelled by emerging trends of packaging as a marketing tool and escalating consumer preferences for package convenience and product information. Product and technological innovations, rising equipment standardization and mounting packaging concerns are characteristic of new trends in the industry. Global packaging machinery market is projected to reach $40.3 billion by 2012.
San Jose, CA (PRWEB) April 21, 2008 -- Growth in the packaging of consumer goods, pharmaceuticals and cosmetic products is expected to be robust due to the aging population in industrialized countries and increasing affluence of developing economies in Eastern Europe, Asia-Pacific and Latin America. Value-added packaging is the most predominant global market trend that is driving demand for new and efficient machinery.
