Packaging shipments on the rise

Jan. 1, 2005
U.S. packaging machinery shipments reached $4.89 billion, an $82 million increase over 2002, says the Tenth Annual Shipments and Outlook Study conducted

U.S. packaging machinery shipments reached $4.89 billion, an $82 million increase over 2002, says the Tenth Annual Shipments and Outlook Study conducted by the Packaging Machinery Manufacturers Institute (PMMI).

According to PMMI, exports of U.S. packaging machinery jumped 33.1% in 2003, hitting $952 million, the highest level of export sales in five years. Domestic sales were down by 3.8% for the year, but a record backlog of $1.3 billion, up 23.6% from 2002, reflects positive influences in the economy. Of the 16 defined packaging machinery segments, 12 increased sales and only four decreased.

“The 2003 numbers indicate a strengthening economy in a competitive international marketplace,” says Charles D. Yuska, PMMI president. “Manufacturers are now experiencing a genuine economic revival, and we expect to see continued economic growth.”

PMMI forecasts U.S. shipments of packaging machinery to grow at a cumulative annual rate of 3.9% over the next three years, from an estimated $4.89 to $5.49 billion by 2006.

Sponsored Recommendations

From concept to consumption: Optimizing success in food and beverage

April 9, 2024
Identifying opportunities and solutions for plant floor optimization has never been easier. Download our visual guide to quickly and efficiently pinpoint areas for operational...

RS Expert Advice Podcast, Episode 17: Energy Storage Systems

April 9, 2024
In this episode of the RS Expert Advice Podcast, Joel Boone and Olivia Koicuba of Phoenix Contact introduce energy storage systems, applications, and components, including various...

A closer look at modern design considerations for food and beverage

April 9, 2024
With new and changing safety and hygiene regulations at top of mind, its easy to understand how other crucial aspects of machine design can get pushed aside. Our whitepaper explores...

Cybersecurity and the Medical Manufacturing Industry

April 9, 2024
Learn about medical manufacturing cybersecurity risks, costs, and threats as well as effective cybersecurity strategies and essential solutions.

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!