Global Packaging Machinery Demand to Exceed $33 Billion in 2010

Labeling and coding equipment is expected to register the strongest gains of any major product category through 2010, stimulated by rising consumption of label-intensive nondurable goods and by mandated use of radio frequency identification (RFID) tags by suppliers to large buyers like the US Department of Defense and Wal-Mart. Demand for filling and form/fill/seal machinery, the most widely used type of packaging equipment, will also expand at an above-average pace. New generations of machinery with improved efficiency and flexibility a re boosting replacement demand, as well as the number of applications for this equipment.