M&A activity sheds light on consolidations in the dairy industry, growth in the alcohol space and expansions into cannabis-related packaged food and beverages.
The top deal both globally and in the US was the UK-based Reckitt Benckiser Group's US$ 17.8 billion acquisition of US-based Mead Johnson & Company, the baby formula company.
The demand for easily recyclable material (and machinery that can handle such material) in this sector is expected to continue growing, according to the State of the Industry – U.S. Packaging Machinery Report 2017 from PMMI.