Packaging Machinery Purchasers Confirm Companies’ Predictions

“The packaging machinery market’s performance seems to be in line with today’s broader economic picture and the slowness all industries are facing right now,” said Charles D. Yuska, president and CEO, PMMI.

Looking at the overall packaging picture, PMMI’s updated research predicts an increase of 0.4 percent over 2007 in packaging machinery spending vs. a 0.6 percent prediction in the initial survey, bringing the year’s anticipated spending to $6.292 billion, just slightly less than the $6.304 billion predicted earlier in the year.