HERNDON, VA. – The PMMI State of the Industry US Packaging Machinery Report disclosed that domestic packaging machinery shipments rose by 11.2% in 2021, bringing the value of the category to $10.5 billion.
Produced by PMMI, The Association for Packaging and Processing Technologies, the report forecasted for 2027 a CAGR of 5.4% for domestic packaging machinery shipments, and a value of $12.9 billion.
The total market for US packaging machinery in 2021 was valued at $13.9 billion, up 12.1%.
Data from PMMI also highlighted that converting machinery domestic shipments grew in the previous year by 9.5%, to $1.1 billion.
Growing demand for consumer goods is one factor driving the growth, per PMMI, which also credited a rise in the use of automated packaging machines and the development of energy efficient machinery.
The report anticipates robotic packaging automation to become the future of the industry in the years ahead, both in primary and secondary applications.
Other trends impacting the industry include what PMMI described as a “large push” for e-commerce solutions, due to increased online purchasing habits among consumers. Sustainable packaging and eco-friendly material innovations also are expected to influence growth as the need for more specialized machinery increases, as well.
PMMI-produced PACK EXPO International, taking place from Oct. 23-26 in Chicago, will showcase many packaging and converting machinery innovations for the adapting industry. The tradeshow features more than 2,000 exhibitors and solutions for 40-plus vertical industry markets.
The full 2022 PMMI State of the Industry US Packaging Machinery Report is available for download online at the PMMI website.