Shipments of packaging and converting machinery in the U.S. are growing, according to the PMMI State of the Industry U.S. Packaging Machinery report produced by PMMI, The Association for Packaging and Processing Technologies.
According to this year’s report and accompanying infographic, the value of domestic shipments for packaging machinery rose 11.2% to $10.5 billion in 2021 and is forecasted to grow at a CAGR of 5.4% to 12.9 billion in 2027. Similarly, the value of domestic shipments for converting machinery also increased—by 9.5% to $1.1 billion in 2021, despite order backlogs in both categories increasing by double digits in 2021 compared to the end of 2020.