Promise of profits, productivity to expand adoption by European packaging industry

Market earned revenues of $266.4 million in 2010 and is set to reach $393.8 million in 2017 – Energy efficiency and awareness raising strategies will be critical to maximizing uptake.

08/20/2011


Electric drives are reportedly expected to experience widespread acceptance in the European packaging industry due to the attractive profit margins associated with their implementation. Economic recovery and increasing investments in packaging infrastructure, coupled with government regulations, will boost the adoption of electric drives by the packaging industry, according to reports.

New analysis from Frost and Sullivan, Electric Drives Market in the European Packaging Industry, finds that the market earned revenues of $266.4 million in 2010 and estimates this to reach $393.8 million in 2017.

Surging energy costs have negatively impacted the profit margins of packaging manufacturers, according to the company.

New developments in drives technology will reportedly expand their role in packaging. At the same time the demand for packaged goods and growth in packaging applications will attract newer investments in packaging industry and thereby fuel the sales of drives in the industry. The rise in automation activities across Eastern Europe in countries such as Bulgaria, Hungary, and Poland will heighten demand for drives in packaging applications.

Creating awareness about the benefits of electric drives in the packaging industry has been a challenge. Against a climate of continued austerity, convincing end-users to implement drives in their production line has been a challenge for drives manufacturers.

In addition to benefits related to energy conservation, end users need to be made aware of other advantages, such as reduced downtime and enhanced productivity.

Frost and Sullivan

www.frost.com

- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me