Global Packaging Machinery Demand to Exceed $33 Billion in 2010

China will record the largest gains of any national market, surpassing Japan to become the second largest market in the world behind the U.S. Sales conditions are also expected to be strong in India, Russia, Mexico, and South Korea, as well as in lower-volume markets such as Indonesia, Malaysia, Thailand, and Turkey. Although the rate of growth will be less robust than in developing areas, packaging equipment demand in the U.S. and Japan will show renewed strength following a period of relatively sluggish gains, and market advances in Western Europe will also accelerate through 1020. These and other trends are presented in “World Packaging Machinery,” a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.