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Strong Growth Signs for Packaging Machinery Purchases

PMMI's Q3 2016 Purchasing Index shows pharmaceutical/medical devices market leads with the strongest year-to-year outlook.

PMMI's Q3 2016 Purchasing Index cover.
PMMI's Q3 2016 Purchasing Index cover.

Respondents within the pharmaceutical/medical devices segment to a recent survey projected spending for packaging machinery to remain steady. Projections for investments in Q3 2016 over Q3 2015 show an index of 71.5, 4.9 points over the total market and 21.5 points above the midpoint. Among respondents in this industry, 14% indicated an expected increase in investments compared to Q3 2015.

These results come from a new downloadable report from PMMI, The Association for Packaging and Processing Technologies. The report provides member companies with insight into how current business conditions and the current economic outlook are affecting CPG’s packaging machinery purchase decisions.

The findings were derived through an online survey, conducted during July 2016, with a representative sample of 141 decision‐makers throughout the major industry segments of the U.S. market.

The packaging machinery investment index, based on U.S. pharmaceutical/medical devices companies’ responses for Q3 2016 over Q2 2016, shows an index of 57.2, 5.6 points over the total market. This is 15 points lower than last quarter. Results showed 76% expect to maintain initially scheduled projects for Q3.

Respondents indicated purchasing decisions for 2017will likely increase at an index of 66.7, 1.6 points below the total market index. If conditions continue, 43% of respondents in this industry expect an increase in investments and 58% expect to maintain purchasing decisions.

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