At PACK EXPO 2015, the Association for Packaging and Processing Technology (PMMI) unveiled the findings from three industry reports: the “State of the Industry U.S. Packaging Machinery Report,” “Global Packaging Trends” and the “2015 Flexible Packaging Market Assessment Report.”
From 2013 to 2014, the US packaging machinery market grew 4.2 percent, coming in at $9.41 billion, with food as the largest industry sector. However, the pharmaceutical sector is forecast to grow to 2019 at the highest rate (2.7 percent), followed by the beverage market at 2 percent.