|
U.S. Domestic Shipments of Packaging Machinery Rising to $8.5B by 2020
11/7/2016 |
|
|
The food and beverage sector is expected to produce more than half this growth.
McCormick Place, Chicago; Nov. 06, 2016 - The value of domestic shipments of packaging machinery is projected to grow at a compound annual growth rate (CAGR) of 2.4 percent reaching $8.5 billion in 2020, according to PACK EXPO owner and producer PMMI, The Association for Packaging and Processing Technologies. More than half of this growth is expected to come from the food and beverage sector.
The report also notes the value of domestic shipments of U.S.-produced machinery rose 0.3 percent to $7.51 billion in 2015. Exports of packaging machinery in 2015 increased by 3.2 percent, compared to 2014 and are now $1.1B. Backlog orders of packaging machinery grew by 14.1 percent compared to backlog orders at the end of 2014.
PMMI released the findings of its 2016 State of the Industry U.S. Packaging Machinery Report this morning at a press briefing conducted on-site at PACK EXPO International and Pharma EXPO 2016.
PMMI produces the State of the Industry study based on U.S. Census Bureau reports and shipments data provided by association members who manufacture packaging machinery. The report, which analyzes 28 packaging machinery categories, describes trends and the outlook for packaging machinery shipments through 2020.
According to the report, the labeling, decorating and coding and case handling machinery groups are forecast to increase the fastest of all machinery types through 2020, at CAGRs of 3.9 percent and 2.5 percent respectively. The pharmaceutical sector is forecast to grow the fastest of all sectors through 2020, at a CAGR of 2.8 percent. This is followed by the beverage sector, which is forecast to grow at a CAGR of 2.4 percent.
"The forecast for the packaging machinery market is strong. We continue to anticipate growth in major market segments such as pharmaceutical as well as beverage. Factors such as changing consumer habits, new regulations as well as general economic development are fueling this development," says Jorge Izquierdo, vice president, Market Development, PMMI.
In regards to machinery categories, the rapid growth anticipated in the labeling, decorating and case handling segment is largely a result of new legislation demanding increased labeling and coding, continuing developments in printing technologies and the proliferation of SKUs.
PMMI's PACK EXPO portfolio of trade shows continuously brings opportunities for the packaging machinery industry to help support and grow the industry. PACK EXPO East 2017, returning to Philadelphia (Feb. 27 - March 1, Pennsylvania Convention Center) will bring together suppliers of packaging innovations food, beverage, pharmaceutical/medical device, cosmetic/personal care, chemical/household and other packaged goods that serve companies of all sizes. With one-third of the nation's consumer packaged goods companies located within 200 miles of Philadelphia, PMMI is expecting another top-tier event for the growing industry.
Next year will also see the addition of ProFood Tech (April 4 - 6, 2017, McCormick Place, Chicago), the most comprehensive food and beverage show in North America, transcending market sectors and showcasing cutting-edge technologies and innovation solutions. Powered by three of the world's trade show leaders - PACK EXPO, Anuga and the International Dairy Foods Association (IDFA) - this biennial show has already garnered massive support across market sectors and is unrivaled in its ability to bring the processing industry together and address the most critical issues.
The full 2016 State of the Industry Report is available for download on pmmi.org, and an infographic detailing key findings is available on packexpointernational.com. |
|
Related Exhibition:
|
|
|
 |
|
Davenport Spring Home Show 2024
|
Davenport Spring Home Show - Davenport, IA
4/26/2024 - 4/28/2024
Venue: The Mississippi Valley Fairgrounds - Fair Center, Davenport IA, United States
|
|
|
|
|
|
|
主站蜘蛛池模板：
国内精品一区二区三区|
欧美乱人伦中文字幕在线不卡|
久久大香伊蕉在人线免费AV
|
亚洲免费婷婷综合|
波多野结衣av在线观看|
亚洲熟女无码在线|
日本高清在线观看WWW色|
国产精品午夜福利视频|
影音先锋在线观看资源影音av下载|
隆子县|
高清激情文学亚洲一区|
国产成人午夜福利在线观看|
色噜噜噜亚洲男人的天堂|
无遮挡免费高清羞羞视频|
中文字幕乱码人妻无码久久免费|
欧洲美熟女乱av亚洲一区|
91短视频在线播放|
国产国拍精品av在线观看|
成在线人永久免费视频播放|
无码123|
天天躁日日躁狠狠躁av中文|
国产精品福利2020久久|
国产91在线播放免费|
日韩亚洲一区二区精品成人|
亚洲国产成人无码电影|
国产线播放免费人成视频播放|
国产亚洲精品自在久久不卡|
九九视频国产|
国产黑色丝袜在线观看片不卡顿|
亚洲色大成影网站www永久|
亚洲日韩在线中文字幕第一页|
久久婷婷五月综合色丁香花|
九九成人精品|
波多野结衣av无码久久一区|
伊人久久大香线蕉精品|
中文字幕日本αv一区二区|
亚洲成人资源在线|
国产片AV国语在线观看手机版|
久青草精品视频在线观看|
野花社区日本免费图片|
精品无码老熟妇magnet|
