Packaging machinery is one of the highest growth markets for automation products in Europe, according to new research by IMS Research. The firm recently analyzed 11 major machinery markets, and found that packaging machinery is one of the largest machinery markets for automation products, second only to machine tools, and that it is also one of the most ...
Packaging machinery is one of the highest growth markets for automation products in Europe, according to new research by IMS Research. The firm recently analyzed 11 major machinery markets, and found that packaging machinery is one of the largest machinery markets for automation products, second only to machine tools, and that it is also one of the most dynamic.
European production of packaging machinery grew steadily during the late 1990s and early 2000s, and it was one of the few sectors of the European machine building industry that increased production in 2003. IMS predicts this trend will continue over the next few years, with production growth projected to average around 6% per year. IMS estimates that the total European market for automation products used in packaging machinery was worth approximately C1.5 billion in 2003.
