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World demand for packaging machinery to reach $41.8 billion in 2017

Growth in worldwide demand for packaging machinery is expected to climb at a 4.6 percent annual pace through 2017 to $41.8 billion. An improved business climate-which will be reflected in expanding fixed investment spending, manufacturing output, and packaging demand-will drive increases in equipment sales through 2017. 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.

Read more at Packaging Digest.