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U.S. Packaging Machinery Industry Continues to Grow at Steady Pace

OEMs are feeling the pressure to accommodate market demands, such as offering complete packaging solutions, modular machines, traceability, and sustainability.

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The demand for U.S. packaging equipment remains on the upswing, according to the 2019 State of the Industry U.S. Packaging Machinery Report, a study from PMMI, The Association for Packaging and Processing Technologies.

The report finds that the U.S. market for packaging machinery was worth $11.2 billion in 2018, an increase of 8.8% from 2017. The value of domestic shipments of U.S.-produced machinery was estimated at $8.7 billion in 2018 and is expected to grow at a compound annual growth rate of 3.8% to $10.9 billion. In addition, the total U.S. production of packaging machinery was worth an estimated $9.5 billion in 2018.

The largest industry sector in terms of shipment revenues is the food sector with 38.8% of shipment revenues, followed by the beverage industry with 23.6% of shipment revenues.

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