Growth in the Packaging Industry: 2020 and Beyond

PMMI's Jorge Izquierdo breaks down the state of the packaging industry.

Jan 9th, 2020

Jorge Izquierdo, VP, market development, PMMI

Jorge Izquierdo,
VP, market development, PMMI

Every year, PMMI releases a State of the Industry report offering the most up to date statistics, estimates and analysis on the United States and Canadian packaging machinery industries. Tune in to the latest UnPACKed with PMMI Podcast episode for Growth in the Packaging Industry: 2020 and Beyond. Hear insights from Jorge Izquierdo, vice president, market development, PMMI on industry growth over the past two years and expectations for 2020 and beyond.

“The report provides critical benchmarking data and the latest economic and packaging machinery trends, enabling companies to successfully compete in today’s packaging machinery marketplace,” states Jorge Izquierdo, vice president, market development, PMMI. “This year’s report shows e-commerce, sustainability and the increase of flexible packaging as rapidly growing trends, ultimately boosting the demand for packaging machinery.”

The U.S. packaging machinery market continues to thrive, growing 8.8 percent from 2017 to an estimated worth of $11.2 billion, according to the 2019 State of the Industry U.S. Packaging Machinery report. Both exports and imports of packaging machinery dollar shipments increased in 2018, with exports increasing by 12.7 percent and imports growing 19.5 percent.

To learn more about and listen to previous episodes of UnPACKed with PMMI, visit pmmi.org/podcast.

Market Snapshot: Frozen Food

Growth of frozen food market declined overall, but trends towards plant-based ice cream and healthy options for pizza and frozen entrees are leading growth areas, while flexible packaging gains ground as a packaging format.

The 'humanization' of our pets (seeking the fresh and natural ingredients you want for yourself) is a trend driving new product and packaging formats.

Pet Food Manufacturers Look to OEMs and Contract Packagers to Stay Competitive

A new report from PMMI Business Intelligence tracks drivers in pet food market. Dog and cat food manufacturers require more versatile machinery and scalability to meet future demand, as well as co-packers and manufacturers to control capital expenditures.

The Delkor Cabrio Case&circledR;, used here for Trolli candy, provides reliable product protection in transit and converts to a shelf-ready display without ragged edges.

5 Drivers of the Retail-Ready Packaging Market

Among them, advantages of RRP for retail, suitability for use in c-stores and discount stores, and brand interactivity.

Recreational and medical cannabis deemed essential to cope with 'stay-at-home' orders.

Cannabis and the Coronavirus

Medical and recreational cannabis growers and retailers deemed essential services to help Americans cope with “stay-at-home” orders.

Getty Images 1126880991

Without Wholesale Venues, Brands Reaching Out to Consumer

Social media, e-commerce and donations to those in need are various ways brands are trying to directly reach consumers in light of COVID-19 cancellations and closures.

PACK EXPO Rewind: Risk Assessment

Hear PMMI’s Bruce Main, Safety Expert and Technical Advisor, and Sean Riley, Senior Director of Media & Industry Communications discussion of risk assessment at PACK EXPO East earlier this month.

According to PMMI Business Intelligence, a move to smaller dogs is driving a change to smaller packaging formats.

Pet Food Market Shows Solid Growth through 2025

The U.S. leads the world in pet food sales, says a new study from PMMI Business Intelligence, as pet owners around the world seek fresher, healthier and ethically produced ingredients—the same as they expect for themselves.

Getty Images 82633841

Why Women are Under-Represented in the C-Suite

If companies with more women in leadership roles have greater innovation, increased productivity, higher employee satisfaction, and higher employee retention, why are there so few in the C suite?

Flexible Packaging for Infinite CBD Gummies

Popularity of Cannabis Formats Evolving, Packaging Follows Suit

Dried flower is giving way to creams, gels, dried teas/powders and inhalers, products that doubled in growth in two years’ time. Packaging for cannabis is expanding to meet this growth.

Musings on Sustainability

Read what Jim Chrzan, VP of Content & Brand Strategy at PMMI Media Group, and Sean Riley, PMMI’s Senior Director of Media & Industry Communications, had to say about the state of sustainability during a lively conversation at the show earlier this month.

A heatmap of the economic impact of the coronavirus on North American industries shows low exposure for food and beverage processing, and packaging, among others.

Moody’s: Food Processing, Packaging Largely Resilient in the Face of COVID-19

A heatmap of the economic impact of the coronavirus on North American industries shows low exposure for food and beverage processing, and packaging, among others.

Market Snapshot: Dairy

Retail-ready and flexible packaging demand is growing, and pouches and bags are expected to grow in milk packaging use.

Matt Reynolds, Editor, Packaging World

PACK EXPO East: From the Floor

Did you miss PACK EXPO East? See what Packaging World Editor Matt Reynolds had to say in the “PACK EXPO Rewind Show Floor Findings” podcast with PMMI’s Sean Riley.

Cbd Diffusing Oil

Despite Confusion Over CBD, Sales Projected to Grow

The source and legality of CBD products can cause confusion to consumers, but product sales are expected to reach $20 billion in the US by 2024.

Market Snapshot: Cereal & Grain

As breakfast cereal demand declines, portable snack bars are growing in popularity.

Free Results Iopp Salary Survey Blue

2020 Salary Survey: Do You Know Your Worth?

Have you completed the Institute of Packaging Professionals’ (IoPP) 2020 Salary Survey?

Getty Images 1139668667

Finance and Investments in the Legal/Not Legal Cannabis Business

Lack of access to financial institutions and tax breaks, as well as volatile market valuations, challenge the cannabis industry’s ability to expand.

Market Snapshot: Candy & Confectionery

Consumers are seeking healthier choices in confectionery treats, such as reduced sugar or protein-fortified formulations.

Retailers and brands support a transition from UPC to 2D barcodes, watermarks, or RFID tags to provide consumers with more detailed product information and transparency and retailers with more robust supply chain data.

Retail Industry, CPGs Support Switch from UPC to Data-Rich Barcode

Retailers and brands support a transition from UPC to 2D barcodes, watermarks, or RFID tags to provide consumers with more detailed product information and transparency and retailers with more supply chain data.

Getty Images 123145415

Canada and the Cannabis Market

In October of 2018 Canada was the first nation to fully legalize recreational THC and CBD products for adult use, yet the market’s development has been impacted by the specifics of the legalization rollout.

More in Business intelligence

Overcoming Workforce Woes

The fast-paced and ever-changing world of cannabis is no place for the faint at heart. So how does Green Thumb Industries recruit and retain the best? Senior VP Greg Flickinger talked to ProFood World.

2019 Trends Advances Pkg Proc

Market Snapshot: Beverage

Healthy ready-to-drink beverages continue to rise, as sugary drinks and beer lose share to cold brew coffee, spirits and wine.

From the infographic “80 Must-Know Marijuana Statistics and Facts.”

10 Cannabis Fun Facts - By the Numbers

Enjoy a few random cannabis stats from the LoudCloudHealth.com infographic “80 Must-Know Marijuana Statistics and Facts.”

Jim Prunesti, Vice President of Engineering, ConAgra

Top Challenges Facing Food Manufacturers Today

Addressing aging assets and data collection best practices are two requirements for manufacturing excellence in today’s rapidly changing landscape.

Contract Packaging Potential in the Cannabis Industry

Contract Packaging Potential in the Cannabis Industry

While contract packaging in the cannabis industry has been slow to develop, there is room for packaging specialists who can guide and manage the vast and ever-changing landscape of cannabis packaging.

Food Segment Snapshot: Bakery & Snacks

Food Segment Snapshot: Bakery & Snacks

One trend in this market is snacks as a replacement for meals, as healthy options and convenience packaging make it easier for on-the-go lifestyles.

Pioneering New Cannabis Packaging Standards

Pioneering New Cannabis Packaging Standards

A myriad of challenges face cannabis packagers, from state-to-state regulatory requirements to adapting machinery and processes specifically to the cannabis market.

Food Industry and E-Commerce: 5 Year Outlook

Food Industry and E-Commerce: 5 Year Outlook

By 2024, 70% of consumers will likely utilize online grocery shopping, up from 25% now. (FMI and Nielsen, 2018) See what food manufacturers are doing to prepare for this growth.

Machine used to extract CBD from Cannabis plants

OEMs Needed for $32 Billion Budding Cannabis Industry

Automated operations are the wave of the future in a growing industry that is expected to reach $32 billion globally by 2024, with a CAGR of 28%. Off the record, OEMs report cannabis companies get sticker shock!

Spotted at Natural Products Expo: StaySteady cereal is a low glycemic, high fiber, high protein cereal made to be helpful for diabetic and weight management. StaySteady cereal is manufactured by Organic Milling, Inc., a 60-year-old cereal and snack company located in sunny San Dimas, California proving not all companies launching disruptive healthy options are new.

CPGs Help Emerging Brands

Recognizing the importance of disruptive innovation, large CPGs and business intelligence firms like Mintel are identifying and nurturing food and beverage companies

Sofresco Wellness Shots, processed and packaged, are prepared to undergo high pressure processing at UniversalPure's Malvern, PA facility.

Unconventional Strategic Partnership Helps Global Juice Brand Expand

Marketed with great success in Europe and Asia as Sonatural, this Portuguese juice maker co-locates with high pressure processor in Pennsylvania forming a unique partnership.

U.S. Needs to Up its Recycling Game

U.S. Needs to Up its Recycling Game

Germany leads the world with a recycling rate of 68%, but the U.S. doesn’t even make the top ten according to “2019 Trends and Advances in Food Packaging and Processing,” a new report by PMMI Business Intelligence.