Reston, Va. Feb. 20, 2018 (PMMI release) — Three demands from consumer packaged goods (CPG) companies — single source solutions, increased machine versatility and a move to flexible packaging — are pushing the packaging industry towards unprecedented heights, according to the 2017 State of the Industry – US Packaging Machinery report and accompanying infographic.
Produced by PMMI, The Association for Packaging and Processing Technologies, the infographic serves as a visual snapshot of the report and shows a 4.8 percent increase in the U.S. packaging machinery market from 2015 to 2016, with a total market value of $9.8 billion.
“The forecast for the packaging machinery market continues to be robust. We anticipate growth in major market segments such as pharmaceuticals, as well as food and beverage. Factors such as population growth, growing demand for automation and machinery optimization, as well as a rise in e-commerce are fueling these developments,” says Jorge Izquierdo, vice president, Market Development, PMMI.