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Eastern Europe drives packaging machinery growth

IMS Research forecasts that the market in Europe, the Middle East, and Africa (EMEA) for packaging machinery will increase to more than 11.3 billion euro by 2009.

That’s a compound annual growth rate of 4.3%. Developing regions such as the Russian Federation, Eastern Europe, and the Middle East & Africa are expected to register the strongest growth, with annual rates of nearly 10%. Rapid developments within these regions and increasing consumer incomes mean that the populations are demanding more processed foods and beverages, and this will have a beneficial impact on the packaging machinery market.

IMS Research senior analyst and report author Tim Dawson says this: “Reducing machine downtime and maximizing the number of products that can be packaged in a single line is having a positive effect on this market as end-users purchase new machinery that is more versatile to package new products and increase productivity.”

Further information is available at www.imsresearch.com.

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