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.