As of 2014, the U.S. packaging machinery market was valued at $9.4 billion.
Pharmaceuticals are tied for the fastest growing industry sector in U.S. packaging machinery shipments, with a compound annual growth rate (CAGR) of 2.8 percent through 2020, according to PMMI (the Association for Packaging and Processing Technologies) research.
Excellis Health Solutions, in their article titled “2015 Pharmaceutical Packaging and Labeling Insights,” revealed several key trends in packaging and labelling:
- Movement against falsified products
- Serialization compliance
- An increased focus on brand protection
- A movement toward globalization
PMMI created an infographic, giving insights to packaging industry trends for industries such as food and beverage, chemicals, personal care, pharmaceuticals, as well as others.