New data from the PMMI Group shows strong growth in packaging machinery orders from US manufacturers. Shipments of U.S. packaging machinery grew 19 percent in 2011, reaching $7.7 billion. PMMI’s annual research also revealed that total exports of packaging machinery grew 16%. Confidence in the global economy could be one reason why packaging companies and manufacturers are buying equipment.
The only packaging machine category that didn’t see big sales in the food or beverage sector was Blister, Skin/Vacuum Packaging Machines. Instead 59% of those machine’s sales were to the Pharmaceutical and Medical Device market. The pharmaceutical packaging industry is enjoying a renaissance of late. Although stats aren’t available, we know that innovation in blister packaging is providing pharmaceutical manufacturers with great safety and other added benefits.
However, back to the US packaging machinery sales:
Out of total sales, the food and beverage industry accounts for 41% of sales, and converting machines – container/material manufacturing had the greatest dollar sales in 2011 at $760 million.
The global market for Packaging Machinery is projected to reach US$52.9 billion by the year 2018 according to the Global Industry Analysts.
Recycling, environmentalism, and government regulation appear to be driving the demand. Sustainable packaging is accounting for about 70% of the global market and is growing at the fastest rate. It will grow from $88 million in 2009 to $170 billion in 2014. And biodegradable is the fastest growing type of sustainable packaging.
Although sustainable packaging is seeing growth in response to environmental concerns, adoption has much to do with companies using it as a marketing strategy.
Are you predicting greater retail sales for 2013? What type of packaging will you turn to this year?
Are you planning new product extensions in 2013? Why not consider what new blister and clamshell packaging might do for your promotional efforts? If you’re located in the Markham area, a Markham Packaging company makes the most sense. Having someone close by who can help you plan your POP strategy and provide copacking and fulfillment services is small value. Think about working with one provider which can do it all for you.