As a longtime supplier of flexible packaging machinery, I have had the unique opportunity to work with a number of companies to help them solve their evolving packaging challenges and continue to evolve their packaging— from large companies to a growing number of entrepreneurial startups.
The global servo motors and drives market was valued at US $9 billion in 2014, and is expected to grow at a CAGR of 8% between 2019 and 2029, for a global value of US $28 billion by the end of 2029.
Growth in the global packaging machinery market is expected to reach an estimated $42.2 billion by 2021, up from $36.8 billion in 2016, according to the infographic "A Look at Packaging Around the World" from PMMI, The Association for Packaging and Processing Technologies.
