U.S. packaging machinery shipments in 2010 up 12% from 2009 to total US$5.5B, with food as largest market; exports up 9% to US$975M, imports jump 13% to US$1.32B: PMMI
November 17, 2011
– PMMI reports good news for U.S. packaging machinery shipments in 2010: a 12 percent jump from 2009, bringing the shipments totals to $5.5 billion, up from $4.9 billion the year before.
PMMI's annual U.S. Packaging Machinery Shipments Report also indicates exports, as measured in U.S. dollars, increased 9 percent, from $891 million in 2009 to $975 million in 2010,while imports jumped 13 percent, from $1.17 billion to $1.32 billion.
"In recent years, the packaging machinery market has reflected trends in the general economy," says Charles D. Yuska, president and CEO, PMMI. "2008 shipments were generally flat from 2007, and 2009 shipments dropped by about 16.3 percent. The increase in 2010 shipments mimicked the slow economic recovery, however preliminary data shows significant growth in 2011."
The Shipments Report notes Food, Beverage and Pharmaceuticals/Medical Devices accounted for 70 percent of dollars spent on packaging machinery. The other categories shown in the study — Consumer Durables, Paper Products & Other Consumer Non-Durables, Chemicals, Hardware/Industrial/Automotive, Converters/Printers, and Personal Care/Toiletries/Cosmetics — make up the bulk of the balance.
"The proportions between market niches are consistent with what we've seen since 2004: Food is the largest market, then Beverage, then Pharmaceutical and Medical," Yuska says. "Together, they average out to about 70 percent of the market."
U.S. Packaging Machinery Shipments for 2010 were calculated by combining responses from 178 PMMI member packaging machinery manufacturers (subtracting Canadian members) with projected non-member shipments.
The Executive Summary of PMMI's 2011 Shipments Study, which reflects shipments made in 2010, is available to PMMI members. Contact Paula Feldman, director of business intelligence, for more information: firstname.lastname@example.org or 703.243.8555.
PMMI is a trade association of 560-plus member companies that manufacture packaging, processing and related converting machinery in the United States or Canada; machinery components and packaging containers and materials. PMMI's vision is to be the leading global resource for packaging, and its mission is to improve and promote members' abilities to meet the needs of their customers.
PMMI organizes the PACK EXPO trade shows: PACK EXPO International, PACK EXPO Las Vegas and EXPO PACK México, connecting participants in the packaging and processing supply chain with their customers around the world. Coming Up: EXPO PACK Méxcio, June 26–29 in Mexico City, Mexico; PACK EXPO International at McCormick Place in Chicago, Oct. 28–31, 2012.