Economic growth beneficial for packaging
Packaging Outlook 2014 explains that as the country continues to recover from the economic recession of the late 2000s the rigid PET packaging market, by year 2017, will comprise between 15-20% of the packaging industry with more than 50% of that business wrapped up in the bottling industry. 2014 is said to be marked by consumer demand for concise nutritional information, aseptic packaging and healthier, “mainstream” drinks.
It seems to follow that as the economy continues to grow and improve that the need for packaging solutions optimizing precision, speed and safety will likewise continue to grow.
Utilizing packaging automation best practices
One of the growing trends in packaging is the incorporation of packaging machines which go beyond the mere assembly line. Just a handful of the indisputable benefits packaging automation delivers include:
- product and employee safety
- material reductions
- labor reductions
Because these machines are capable of making such vast improvements, their market is expected to see considerable growth at a rate of 4.6 percent per year through 2017, by which time, it will be worth nearly $42 billion, according to a report by the Freedonia Group.
Much of this growth is expected to be in industries such as labeling and coding that handle potentially harmful products such as chemicals, pharmaceuticals and personal care products. The food industry will continue to lead in sales, accounting for approximately 40% of the total sales. One of the largest markets in the industry will be in Asia, where India and China are expected to make up 21 percent of the total global demand by 2017.