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Packaging Machinery Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 84 Pages
SKU # IBSS19340719

Description

Packaging Machinery Manufacturing in the US - Industry Market Research Report


Packaging Machinery Manufacturing in the US

The Packaging Machinery Manufacturing industry primarily manufactures machinery used for wrapping, canning, bottling and labeling for several markets in the food and beverage sector. The industry also manufactures thermoform, blister and skin packaging machinery for pharmaceutical products and medical devices. Packaging machinery manufacturers were affected by the 2020 pandemic as consumer spending fell, causing revenue and profit to drop. A quick recovery in 2021 resulted in record-breaking revenue growth, mainly caused by pent-up product demand. A strong US dollar supports the already intense import penetration and harms exports as foreign machinery becomes more affordable. Recent inflationary pressure has lowered disposable income, resulting in falling product sales and affecting machinery demand. As a result, revenue is expected to expand at a CAGR of 1.9% to $9.4 billion over the past five years, including a dip of 0.4% in 2023 alone.

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.

Table of Contents

84 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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