Packaging Machinery Manufacturing
The Packaging Machinery Manufacturing industry experienced slow but steady growth over the five years to 2018, benefiting from the continued recovery of the US economy and improved downstream demand. The three largest consumers of industry products are food and beverage manufacturers, household goods manufacturers and pharmaceutical manufacturers, which combined make up over two-thirds of industry sales. Each of these sectors experienced solid growth over the past five years as the US economy recovered, increasing consumer demand for products that require packaging. The industry experienced a rebound in demand for new machinery as the industry's key end markets had increases in production capacity and the need to use more efficient machinery. The Packaging Machinery Manufacturing industry will experience solid growth over the five years to 2023. Increases in consumer spending will continue to boost sales of food, beverage and pharmaceutical products, increasing demand for packaging machinery to prepare those products for the market.
This industry manufactures packaging machinery, such as wrapping, bottling, canning and labeling machinery.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.