According to the soon to be released 2016 PMMI State of the Packaging Industry – US Packaging Machinery Report and infographic from PMMI, PMMI, The Association for Packaging and Processing Technologies, the US Packaging Machinery Market is estimated at $10 billion as of 2015.
The value of domestic shipments of packaging machinery is projected to grow at a compound annual growth rate (CAGR) of 2.4% to US$8.5 billion in 2020. The labeling, decorating and coding, and case handling machinery groups are forecast to grow the fastest of all machinery types to 2020, at CAGRs of 3.9% and 2.5% respectively.
The pharmaceuticals sector is forecast to grow the fastest of all sectors to 2020, at a CAGR of 2.8%. This is followed by the beverages sector, which is forecast to grow at a CAGR of 2.4%.
The Innovation Stage at PACK EXPO International and Pharma EXPO 2016 will produce the largest on-floor education program since its inception in 2012, with 71 Innovation Stage sessions across four stages, according to the organizer PMMI.
At the PACK EXPO Innovation Stage, visitors can attend free sessions focused on the trends that are driving the growth of packaging industry such as food safety, OEE, Internet of Things (IoT), track and trace technology, flexible manufacturing systems, packaging for e-commerce, remote monitoring, printing technologies, etc.
Pharma EXPO will host an additional Innovation Stage addressing innovations for the pharmaceutical industry including tamper evident solutions, serialization, active packaging solutions, process control, protective packaging.
All Innovation Stage sessions are 30-minutes in length and free to attend.
Taking place in Chicago, the US from November 6-9, PACK EXPO International and Pharma EXPO will bring together more than 2,500 exhibitors showcasing their processing and packaging innovations to 50,000 attendees in over 1.2 million net sq ft of exhibit space
Source : China Plastics & Rubber Journal
