RESTON, VA. — Single source solutions, increased machine versatility and a move to flexible packaging are driving innovation in the C.P.G. packaging sector, according to the “State of the Industry 2017 – US Packaging Machinery” report by PMMI, the Association for Packaging and Processing Technologies.
The report shows a 4.8% increase in the U.S. packaging machinery market from 2015 to 2016, with a total market value of $9.8 billion. It also forecasts U.S. shipments of packaging machinery to grow at a CAGR of 2.4% to $8.8 billion in 2022.
“The forecast for the packaging machinery market continues to be robust,” said Jorge Izquierdo, vice-president of market development at PMMI. Major growth is anticipated in food and beverage markets, with factors such as population growth, increased demand for automation and machinery optimization, as well as a rise in e-commerce fueling development.
The report also highlights key challenges facing equipment and supply companies, which include pressure from retailers to lower prices, traceability and e-commerce.
Hoping to help food manufacturers manage these shifts and anticipate new changes, PMMI will host Pack Expo East from April 16-18 in Philadelphia. The conference showcases the packaging machinery for the baking and snack industry and offers educational workshops that discuss critical issues facing the industry.
“Attending Pack Expo East is the most efficient way to engage over 400 suppliers of packaging technologies in the industry’s manufacturing-rich East coast,” said Jim Pittas, president and c.e.o. of the PMMI. “The region represents one of the fastest growing areas in the industry and the regional event allows attendees and exhibitors to spend quality time understanding each other’s operations.”