Shipments of packaging and converting machinery in the U.S. are growing, despite global setbacks like the COVID-19 pandemic and conflict in Ukraine, according to the PMMI State of the Industry U.S. Packaging Machinery report produced by PMMI, The Association for Packaging and Processing Technologies.
According to this year’s report and accompanying infographic, the value of domestic shipments for packaging machinery rose 11.2% to $10.5 billion in 2021 and is forecasted to grow at a CAGR of 5.4% to 12.9 billion in 2027. Similarly, the value of domestic shipments for converting machinery also increased-- by 9.5% to $1.1 billion in 2021, despite order backlogs in both categories increasing by double digits in 2021 compared to the end of 2020.
The demand for packaging machinery is largely driven by the increase in consumer goods demand, rise in adoption of automated packaging machines, and development of energy efficient machines. Advancements in electronics, computing technologies, and rising awareness of the inherent benefits of automation have encouraged numerous industries to embrace integrated packaging machinery solutions. As such, robotic packaging automation is poised to emerge as the future of packaging in the coming years in both primary and secondary packaging applications.
However, the topic of cybersecurity has emerged as a leading consideration due to new points of vulnerability as new technologies such as fully integrated enterprise resource planning (ERP) systems, remote access, and cloud computing and connected machine sensor networks continue to emerge and evolve.
The industry is also experiencing a large push for e-commerce solutions, accelerated by the COVID-19 pandemic. The shift in online purchasing habits will continue to drive demand for packaging machinery as e-commerce differs from traditional retail outlets due to increased touchpoints to reach the customer, increased packaging, and supply chain challenges.
Sustainability also presents an opportunity for businesses facing increasing economic pressures to gain value and competitive advantage as they respond to environmental concerns and the pressures of resource scarcity, population growth, and higher and more varied consumer expectations. Various eco-friendly material innovations also are emerging, requiring specialized machinery to run such materials.
There is tremendous opportunity in these segments for more growth and innovation as equipment manufacturers leverage growing trends like e-commerce, sustainability, and the rise in automation, and build machinery to address these trends.
PACK EXPO International (Oct. 23-26, 2022; McCormick Place, Chicago) will provide many opportunities to see new and next-generation packaging and converting machinery in action on show floor, as well as special show features including:
- PACK to the Future Exhibit – Follow the evolution of modern packaging and processing solutions over 250 years to the present and explore key trends shaping the future. Sessions on the PACK to the Future Stage will share the latest trends and look toward what the future holds. Located in the West Building at booth W20001.
- Innovation Stage Presentations- Catch up on the latest packaging innovations that address quickly changing technologies and intense market competition. These free, 30-minute sessions help you keep up with emerging technologies so you can be ready to jump on solutions or implement best practices that will give you an edge. Innovation Stage venues are in the North Building.
PACK EXPO International is the best place to experience innovations, connect with colleagues, hear from experts, see machinery in action, and find the right packaging and processing solutions for all manufacturing operations. Attendees will experience 2,000+ exhibitors displaying solutions for more than 40 vertical industry markets, as well as 100+ free education sessions.
Visit packexpointernational.com to learn more about the exciting show features, search exhibitors, and register. Registration for PACK EXPO International is $30 until Sept. 30, after which it increases to $130. For more information and to register, visit packexpointernational.com.