This week I attended PACK EXPO International, said to be the largest event for the packaging and processing industry, which is a large customer market for fluid power, pneumatics in particular, as well as many electromechanical technologies. It was the event’s largest to date, evident by the very crowded walkways and booths. Energy on the show floor was positive, as attendees took the opportunity to see the latest advancements in this sector, many of which are centered around automation to help ease tasks and alleviate the workforce challenges many are facing.
Automation is said to be a key driver aiding continued growth for this market, one of the better performing segments of the manufacturing industry as demonstrated by the busy show floor and current market predictions:
Both organizations also anticipate further growth in the coming years, boding well for the component manufacturers serving this industry. While 2024 has been a tough year, these projections and others shared in this month's newsletter show there are signs of hope for more positive market conditions ahead.
-Sara Jensen, Editor, Power & Motion
