PMMI, a trade association that represents the packaging industry, is reporting a healthy uptick for U.S. packaging machinery shipments. Total shipments in 2010 were $5.5 billion, up 12% from $4.9 billion in 2009.
Exports, as measured in U.S. dollars, increased 9%, from $891 million in 2009 to $975 million in 2010,while imports jumped 13%, from $1.17 billion to $1.32 billion.
“In recent years, the packaging machinery market has reflected trends in the general economy,” says Charles D. Yuska, president and CEO, PMMI. “2008 shipments were generally flat from 2007, and 2009 shipments dropped by about 16.3%. The increase in 2010 shipments mimicked the slow economic recovery; however preliminary data shows significant growth in 2011.”
PMMI’s analysis reports that food, beverage and pharmaceuticals/medical devices accounted for 70% of dollars spent on packaging machinery. The other categories in the study — consumer durables, paper products and other consumer non-durables, chemicals, hardware/industrial/automotive, converters/printers, and personal care/toiletries/cosmetics — make up the bulk of the balance.
U.S. Packaging Machinery Shipments for 2010 were estimated by combining responses from 178 PMMI member packaging machinery manufacturers (subtracting Canadian members) with projected non-member shipments. PMMI includes 560-plus member companies that manufacture packaging, processing and related converting machinery in the United States or Canada; machinery components and packaging containers and materials.
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