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Near-Term Technology Expansion in the Food and Beverage Industries

Remote access and robotics are two areas in the Food and Beverage industries that are poised to see some growth moving into 2021, though the industries as a whole are expected to contract.

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According to the May 2020 U.S. Packaging Machinery Purchasing Index report by PMMI Business Intelligence, CPGs in the Beverage (44.4 points) and Foods and Food Preparation (44.3 points) are estimated, by end users, to contract going in to 2021.


See: Economic Outlook: 2020 and Beyond


End User Expectations for 2021 Equipment Investment

May 3

Beverage

• End users in the Beverage industry are reporting significant slowing in the industry, with all indexes falling short of the midpoint.

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