Packaging Machinery Manufacturing - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Forecasts
The 2023 Packaging Machinery Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027. This report includes updated forecasts due to the economic impact of COVID-19 and a potential recession.
This 39-page report is based on extensive business surveys filled out by companies in the industry. Analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
This Kentley Insights report includes historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, balance sheet benchmarks, plant utilization, BCG matrix, statistics by state, operating expense details, inventory costs, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
This U.S. industry includes companies primarily engaged in manufacturing packaging machinery, such as wrapping, bottling, canning, and labeling machinery.
Below are a few of the hundreds of stats from the 2023 Packaging Machinery Manufacturing Market Research Report:
In 2022, industry sales were $10.2 billion
Purchase now for historical (2014-2022) and forecasted (2023, 2027) market size
Over the past 3 years, the industry has grown at an annual rate of 10.7%
Purchase now for historical (2014-2022) and forecasted (2023, 2027) growth rates
There are 479 companies in the industry
Learn more about the historical and forecasted industry composition
SALES PER FACILITY
In 2022, the average sales per facility was $19.9 million
Purchase now for historical and forecasted sales per company
PPI & PRICING
2022 PPI growth was 11.8%
Purchase now for historical PPI (2014-2022), and forecasts for 2023 & 2027
FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 3.2
Benchmark nine other important financial ratios
In 2022, employee productivity was $444,722
Purchase now for historical (2014-2022) and forecasted (2023, 2027) employee productivity
2.7% of expenses are spent on health insurance
Benchmark against 24 other expense categories
In 2022, industry operating expenses grew 17.3%
Purchase now for historical and forecasted OPEX
In 2022, payroll per employee was $80,563
Get the full picture with historicals and the 2023 and 2027 forecasts
PAYROLL BY STATE
California averages $56,119 in payroll per employee
Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS
6.9% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $19.8
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
Purchase the 2023 U.S. Market Research Report on Packaging Machinery Manufacturing now to unlock the insight from one of the most trusted research firms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook