Steady growth in machinery market

While the U.S. value of domestic shipments of packaging machinery rose a modest 0.3 percent to $7.51 billion in 2015, it is projected to grow at a compound annual growth rate (CAGR) of 2.4 percent to $8.5 billion by 2020.

2016 PMMI State of the Industry U.S. Packaging Machinery Report
2016 PMMI State of the Industry U.S. Packaging Machinery Report

This according to the 2016 PMMI State of the Industry U.S. Packaging Machinery Report.

The labeling/decorating/coding group, and the case handling machinery group are forecast to grow the fastest of all machinery types at CAGRs of 3.9% and 2.5% respectively. The pharmaceuticals sector is forecast to grow the fastest of all sectors to 2020, at a CAGR of 2.8 percent. This is followed by the beverages sector, which is forecast to grow at a CAGR of 2.4 percent.

Download the executive summary today for in-depth findings about shipments by machinery category, end user market segmentation, order backlog, and general economic and packaging machinery trends.

For more information, contact Meredith Luecker, Business Intelligence Assistant, PMMI: mluecker@pmmi.org or 571/612-3205.

Companies in this article
More in Package Design