PMMI Forecasts U.S. to Remain Leader in Global Packaging Machinery
ARLINGTON, Va.—Based on its recent market studies, the Packaging Machinery Manufacturers Institute (PMMI) forecasts the United States to maintain its position as the global leader in packaging machinery turnover. Sales of North American-based packaging machinery supplier solutions reached $6.11 billion in 2006 and are forecast to grow at an average annual rate of 3.1 percent through 2009, to reach $6.689 billion.
Globally, total packaging machinery sales reached $31 billion in 2006. North American manufacturers provided 20 percent of the packaging solutions sold worldwide. In parallel, U.S. demand for packaging machinery solutions reached $6.6 billion in 2006, with North American-based manufacturers providing 77 percent of the packaging solutions sold.
Recent PMMI studies indicate that the competitive advantages of North American packaging machinery manufacturers and the benefits of the weaker U.S. dollar abroad is expected to further boost U.S. exports. Exports reached $707 million from October 2006 through October 2007, and are expected to eclipse $1 billion for 2007.
PMMI will release the 2008 Packaging Trends Report, which further substantiates North America’s leadership position in the market, during Interpack, April 22-26, 2008, in Dusseldorf, Germany.
The Report will provide a comprehensive analysis of North American packaging industry trends and market outlook for 2008. The Packaging Trends Report will be available at the PMMI Booth, Hall 12, F01 during Interpack.
“North American packaging machinery manufacturers have a history of providing the marketplace with cutting-edge packaging solutions that increase operational efficiency and productivity and help brand owners get products to market faster,” said Charles D. Yuska, President and CEO, PMMI. “This value, coupled with the cost advantages resulting from the currency exchange, make a compelling case for purchasing North American machinery.”
Each year, PMMI conducts industry research and releases several studies that cover a range of industry trends and statistics. The studies provide accurate information for the industry and media to determine their point of view on industry leadership and trends based on facts. PMMI research and studies can be accessed on www.pmmi.org.
