PMMI study: U.S. packaging machinery market grew 4.2% in 2014
The U.S. packaging machinery market grew 4.2% from 2013-2014, coming in at $9.41 billion, according to the 2015 PMMI State of the Industry U.S. Packaging Machinery Report. The report, produced by PMMI, the Reston, Va.-based organization that produces the annual PACK EXPO shows,also notes a 4.4% increase in domestic shipments, growth of 1.6% in exports and growth of 3.6% in imports. As of Dec. 31, 2014, the order backlog decreased by 6.4%.
The report, which analyzes 27 packaging machinery categories, describes trends and the outlook for packaging machinery shipments through 2019.