Machine Design
  • Resources
  • Members
  • Directory
  • Webinars
  • WISE
  • CAD Models
  • Advertise
    • Search
  • 3D Printing & CAD
  • AUTOMATION & IIOT
  • Robotics
  • Motion Systems
  • Materials
  • Video
  • Data Sheets
  • Topics
    Industry Markets3D Printing & CADAutomation & IIoTFastening & JoiningMaterialsMechanical & Motion Systems Medical DesignRobotics
    Resources
    Machine Design ResourcesWISE (Workers in Science & Engineering)Company DirectorySearch Data SheetsContributeDigital Edition ArchivesCSIA Exchange
    Members
    ContentBenefitsSubscribe
    Advertise
    https://www.facebook.com/MachineDesignMagazine/
    https://www.linkedin.com/company/10998894
    https://twitter.com/MachineDesign
    https://www.youtube.com/channel/UCXKEiQ9dob20rIqTA7ONfJg
    Machine Design
    Jorge Izquierdo
    1. Community

    Packaging Growth Focuses on Strong Markets, Changing Consumers

    Sept. 12, 2023
    Pack Expo 2023 opens with a look at the state of the industry.
    Bob Vavra

    The packaging industry is taking a respite from its double-digit growth of the last two years, but that doesn’t mean a decline in business, according to a new report released at Pack Expo 2023 in Las Vegas on Sept. 11

    Jorge Izquierdo, vice president, market development for PMMI, the presenting association at Pack Expo, said in his overview of the State of the Industry Report, said there were a number of packaging sectors that grew rapidly during the pandemic, which fueled overall industry growth. On the other side of the pandemic, growth is still expected to be solid.

    “Industry-wide, packaging industry remains strong,” Izquierdo said. “We’re expecting growth in pharma in next two years, and there are other areas of the market where we are finding opportunities. COVID delivered significant growth for e-commerce, and direct sales are having a lot of impact.”

    Coming off its two highest years of growth ever, the packaging industry expects to continue to grow at more typical rates, Izquierdo told members of the media at a Monday luncheon. “It’s not a double-digit growth year. We’re excepting between 3.5% and 4% growth,” he said. “If you look at 2020, it was complicated. We saw a slowdown in first half of the year, and then growth was sustained into 2021. We had close to 16% growth in 2021, fueled by effects of COVID and us changing our habits. We saw a slowdown just a bit to 12.4% in 2022. But that still was very robust growth, fueled a lot by industrial automation.”

    Isquierdo also noted the supply chain challenges that disrupted packaging and other industries are still working themselves out in 2023, which also has impacted growth numbers.

    For more show coverage, be sure to check out our Pack Expo 2023 content hub.

    Continue Reading

    Pack Expo Growth Looks to a New Generation

    On the Floor at Pack Expo with Altech

    Sponsored Recommendations

    Smart Factory Solutions that Connect and Protect from Amphenol RF

    Nov. 28, 2023

    Stay Connected and In Control of Your Future Factories with Littelfuse

    Nov. 28, 2023

    Turn to NKK Switches for the Widest Range of Industrial-Savvy Electromechanical Switches

    Nov. 28, 2023

    Unlocking Operational Flexibility in Manufacturing with Industria IoT

    Nov. 28, 2023

    Voice your opinion!

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

    I already have an account

    New

    5 For Friday: Salary Survey Optimism; A New (and Important) Acronym; and Ways to Unleash the Potential of Design

    Formlabs Introduces Fuse Blast for Automated SLS Post-Processing

    Universal Robots Unveils UR30: Relief for Heavy Lifting

    Most Read

    How Much Should a Bolted Joint be Tightened?

    Brushed vs Brushless Motors: Which is Best for your Application?

    Problem/Solution: How to Streamline Machine Designs with Cabinet-free Servo Technology

    Sponsored

    Bourns Stifles Surges, Diminishes Downtime and Protects Parts

    Industrial Automation in the Age of Electrification

    Molex: Enabling Industry 4.0 on the Factory Floor

    Machine Design
    https://www.facebook.com/MachineDesignMagazine/
    https://www.linkedin.com/company/10998894
    https://twitter.com/MachineDesign
    https://www.youtube.com/channel/UCXKEiQ9dob20rIqTA7ONfJg
    • About Us
    • Contact Us
    • Advertise
    • Do Not Sell or Share
    • Privacy & Cookie Policy
    • Terms of Service
    © 2023 Endeavor Business Media, LLC. All rights reserved.
    Endeavor Business Media Logo