In a recent study by the Packaging Machinery Manufacturers Institute (PMMI, Arlington, Va.), sales of packaging machinery are forecast to increase three percent in the coming year. That would mean sales should hit $5.854 billion.
The association cites end-user and packager optimism about the economy, strong cash positions and a collective sense of urgency in reducing labor costs and improving productivity through expanded packaging automation.
These predictions are based on PMMI’s U.S. Purchasing Plans Study. The report represents 446 decision makers responsible for 8,339 packaging lines in 1,123 plants throughout eight key segments of the U.S. market.
Other market drivers that factor into PMMI’s projection:
- Consumer spending increases may create need for additional capacity;
- New product additions;
- Continued focus on innovative package design, configuration and material;
- Major influence of super stores and retail chains;
- More attention to ergonomics, security and safety;