Freedonia In The News

Article Title: Comment: Global growth to spur sales of machinery
By: John Kalkowski
Publication: Packaging Digest, 7/16/2010
Freedonia Study: Packaging Machinery in China (2638)

Quote from article
Meanwhile, a Freedonia study says that China's packaging equipment market alone should grow about 8.7 percent annually over the next four years. As both studies point out, packaging industry growth can be attributed primarily to increasing consumption and higher disposable incomes in developing countries. Even in countries with very low labor costs, packagers are installing equipment with enhanced automation and integration, remote diagnostics, and modularity. GIA reports that increasing use of servos, networking architectures and robotic applications are growing trends as companies worldwide work to reduce lead times and curtail frequent replacement of equipment.
Display Full Text of Article

Return to Document