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U.S. packaging machinery market nears $10 billion

CPG demands are pushing the packaging machinery industry to new heights.

Source: 2017 State of the Industry – U.S. Packaging Machinery Report, produced by PMMI, The Association for Packaging and Processing Technologies.
Source: 2017 State of the Industry – U.S. Packaging Machinery Report, produced by PMMI, The Association for Packaging and Processing Technologies.

The U.S. packaging machinery industry is as robust as ever. It grew 4.8 percent from 2015 to 2016, with a total market value of $9.8 billion, according to the 2017 State of the Industry - U.S. Packaging Machinery Report from PMMI, The Association for Packaging and Processing Technologies.

The report finds that the value of U.S. domestic shipments of packaging machinery was worth about $7.73 billion in 2016. It forecasts a compound annual growth rate (CAGR) of 2.2 percent to $8.8 billion in 2022. 

While packaging machinery shipments in pharmaceuticals are forecasted to grow the fastest of all sectors at a CAGR of 3.6 percent from 2016 to 2022, the food and beverage industry follows close behind with a forecasted CAGR of 2.3 percent.

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