Packaging Machine Sales In 2027 Projected To Reach New Highs The US packaging machinery shipments grew 5.8 per- cent in 2023 to $10.9 billion, according to the 2024 State of the Industry report published by PMMI, The Associa- tion for Packaging and Processing Technologies, the pro- ducer of the PACK EXPO portfolio of trade shows. While the growth rate is projected to slow to 2.5 per- cent in 2024, the 2025 forecast calls for an upturn in growth rates to reach a high of 8 percent in 2027. This slowdown in 2024 is expected to be the next low point in the industry’s usual peak-to-trough sales cycle, typically lasting three to five years. Factors influencing machinery investments include substantial investments in new plants and line upgrades in many industry segments, lower interest rates, and changes in consumer preferences like the growing popu- larity of individually packaged single servings. The report notes that consumer and regulatory de- mands for more sustainable packaging remain a major influence. These demands are encouraging end users to transition away from single-use plastics to more renew- able and/or recyclable packaging materials and set goals to reduce carbon emissions. Labor shortages also continue to influence machinery purchases, driving interest in automation and orders for
easier-to-use machines. Other factors garnering attention in the machinery pur- chasing process include concerns about product quality and safety and the potential benefits of Big Data. A dramat- ic jump in product recalls is accelerating interest in hygienic features and strengthening demand for advanced clean-in- place and clean-out-of-place designs. Utilization of Big Data offers an opportunity to optimize machinery perfor- mance via preventative maintenance, predictive mainte- nance, AI-supported operator interfaces, and AI-based data analysis, which could enable continual improvement of overall equipment effectiveness. Organized by industry segment and machine type, PM- MI’s State of the Industry report predicts that food will main- tain its position as the most significant industry segment, but the pharmaceuticals segment will grow faster. Forecast numbers are also broken out for the beverages, household, industrial, and agricultural chemicals, personal care, toilet- ries, cosmetics, and other end-user segments. To enhance clarity and usability, machinery categories in the report have been adjusted to match the naming con- ventions used in PMMI’s ProSource database. For 2023,
the four best-selling categories were: • Conveying, Feeding, and Handling • Cartoning, Multipacking, and Case Packing • Bagging, Pouching, and Wrapping • Filling, Capping, and Closing
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November 25, 2024
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