Demand Rises For Innovative Packaging Equipment

To stay ahead of the curve and provide complete packaging solutions to the beverage industry, packaging machinery manufacturers are developing case packers and wrappers that offer the flexibility to accommodate line changeovers, handle multiple packaging types, assemble variety packs and meet the industry’s need for speed.

Demand for innovative packaging equipment is growing as operations look to keep up with SKU proliferation within the beverage industry. In fact, a report from the Association for Packaging and Processing Technologies (PMMI) highlights a total market value of $9.8 billion, a 4.8 percent increase in the U.S. packaging machinery market from 2015 to 2016.

PMMI’s annual State of the Industry report also estimates that domestic shipments of packaging machinery were worth $7.73 billion in 2016 and are forecast to grow at a compound annual growth rate of 2.2 percent, reaching $8.8 billion in 2022.

Read the full article here