Pmmi State of the Industry Us Packaging Machinery Report
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PMMI STATE OF THE INDUSTRY US PACKAGING MACHINERY REPORT EXECUTIVE SUMMARY 11911 Freedom Drive | Suite 600 | Reston, VA 20190 USA Findings of an in-depth market research study providing analyses for twenty-eight packaging machinery categories EXECUTIVE SUMMARY 2016 State of the Industry US Packaging Machinery Report 2016 PMMI State of the Industry | PMMI The Association for Packaging and Processing Technologies 11911 Freedom Drive, Suite 600 | Reston, VA 20190 Phone: (571) 612-3200 | pmmi.org/research Publication Date: August 2016 Jorge Izquierdo, Vice President, Market Development Paula Feldman, Director, Business Intelligence, PMMI US Packaging Machinery Report © PMMI, The Association for Packaging and Processing Technologies 2016. All rights reserved. The information contained herein shall not be distributed or shared by the recipient. No part of this document may be reproduced without the express written permission of PMMI. © 2016 IHS. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable but its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on information or any statement contained herein. For more information, please contact IHS at [email protected], +1 800 IHS CARE (from North American locations), or +44 (0) 1344 328 300 (from outside North America). All products, company names or other marks appearing in this publication are the trademarks and property of IHS or their respective owners. 2016 State of the Industry US Packaging Machinery Report CONTENTS 1 • EXECUTIVE SUMMARY 1.1 Summary of the US packaging machinery industry gather insights 1.2 Segmentation of the Packaging Machinery Market 6 learn developments US Shipments of Packaging Machinery Value $7.51 Billion in 2015 Factors influencing the growth in demand of packaging machinery as well as technology trends affecting packaging machinery can be found in PMMI's Trends in Packaging and Processing Operations {}Report at pmmi.org/research EXECUTIVE SUMMARY SECTION ONE EXECUTIVE SUMMARY FIGURE ES.1 Summary of the US Packaging Machinery Industry ORDER BACKLOGS $7.51bn PO: +0.3% +14.1% 3 $2.6 bn The value of domestic shipments - US produced Backlog orders of packaging machinery dollar machinery rose 0.3% to 7.51 Billion in 2015. shipments in 2015 increased by 14.1% compared to backlog orders at the end of 2014. The Value of Domestic Shipments — US-produced machinery rose 0.3% to 7.51 b in 2015 1.1 2016 EXPORTS IMPORTS PMMI State of the Industry | Exports of packaging machinery -4.3% Imports decreased in dollar shipments in 2015 2015 and are now 2.5 +3.2% increased by 3.2% compared billion. This represents a to 2014 and are now 1.0 billion 4.3 decrease from 2014. $1.1 bn $2.5 bn TABLE 3.1 Summary of the US Packaging Machinery Industry Results, 2013, 2014 and 2015 (Millions of Dollars) 2013 2014 2015 Change% US Packaging Machinery Report US Packaging Machinery Production – Domestic Shipments $7,172 $7,489 $7,513 0.3% US Packaging Machinery Production – Total Shipments* $8,216 $8,571 $8,630 0.7% The US Packaging Machinery Market* $9,643 $10,114 $10,026 -0.9% Exports** $1,044 $1,082 $1,117 3.2% Imports** $2,471 $2,625 $2,513 -4.3% Order Backlog as of December 31* $2,441 $2,284 $2,605 14.1% * 2014 and 2015 data as shown in previous PMMI State of the Industry Studies **Source: US Census Bureau, Packaging Machinery (NAICS 333993) EXECUTIVE SUMMARY SEGMENTATION OF THE PACKAGING MACHINERY MARKET FIGURE ES.2 US Domestic The 28 machinery categories defined later in the report Shipments of Machinery Groups are presented in 10 consolidated machinery groups listed below. The value of US shipments of packaging machinery Machinery Groups and Machinery Categories 2015 2020 % Bottling Line Machinery $7.51b 2.4 $8.5b Accumulating / Collating Machines Cleaning, Sterilizing, Cooling and Drying Machines The value of US domestic shipments Feeding Machines of packaging machinery is estimated to Orienting and Unscrambling Machines have been worth 7.51 billion in 2015. IHS forecasts this to grow at a CAGR of 2.4% Cartoning Machinery to 8.5 billion in 2020. Cartoning Machines 2,000 Case / Tray Handling Machinery Revenues ($M) Case / Tray Sealing Machines Case / Tray Loading / Unloading Machines 2015 Case Erecting / Tray Forming Machines 2020 Case Group / Load and Close / Seal Machines 1,500 Closing Machinery Capping, Overcapping and Lidding Machines Closing, Seaming and Sealing Machines Filling and Dosing Machinery 1,000 Filling and Closing Machines Filling – Dry / Powder / Solid Product Machines Filling – Liquid / Gas / Viscous Product Machines 1.2 Form / Fill / Seal Machinery Form / Fill / Seal – Horizontal Machines 500 Form / Fill / Seal – Vertical Machines Labeling, Decorating and Coding Machinery Coding Machines Dating, Printing, Marking, Stamping and Imprinting Machines Labeling Machines (Product Identification, Decorating) Other Closing & Coding Cartoning Palletizing Machinery Palletizing Pallet Unitizing Machines Line Bottling US Packaging Machinery Report Case Handling Palletizing – Ancillary Machines Filling & Dosing Form, Fill & Seal Form, Palletizing – Depalletizing Machiners Labeling, Decorating Wrapping & Bundling Wrapping Wrapping and Bundling Machinery Wrapping / Banding / Bundling Machines Other Machinery The labeling, decorating and Blister Skin / Vacuum Packaging Machines coding and case handling machinery groups are forecast to Conveying Machines grow the fastest of all machinery Inspecting, Detecting and Checkweighing Machines types to 2020, at CAGRs of 3.9% PMMI State of the Industry | Converting Machines and 2.5%, respectively. Specialty Machines 2016 Other Machines EXECUTIVE SUMMARY ES.3 US Packaging Machinery Shipments by Machinery Type, 2015 Accumulating / Collating Blister, Skin / Vacuum Packaging Capping, Over-Capping, Lidding Cartoning Case / Tray Sealing Case / Tray, Loading / Unloading Case Erecting / Tray Forming Case Group / Load and Close / Seal Cleaning, Sterilizing, Cooling and Drying Closing, Seaming and Sealing Coding Converting Conveying Coding, Dating, Printing... Feeding Filling and Closing Filling – Dry / Powder / Solid Product Filling – Liquid / Gas / Viscous Product Form / Fill / Seal – Horizontal Form / Fill / Seal – Vertical Inspecting, Detecting, Checkweighing Labeling Orienting, Unscrambling Pallet Unitizing Palletizing – Ancillary Palletizing / Depalletizing Specialty Packaging 1.3 Wrapping / Banding / Bundling 2016 Revenues ($M) 0 100 200 300 400 500 600 700 800 PMMI State of the Industry | ES.4 US Packaging Machinery Shipments by Industry Sector, 2015 and 2020 The pharmaceuticals sector is forecast to grow the fastest of all sectors to 2020, at a CAGR of 2.8%. This is followed by the beverages sector, which is forecast to grow at a CAGR of 2.4%. 2015 Beverages 2020 Food US Packaging Machinery Report (including nutraceuticals) Household, Industrial & Agricultural Chemicals Personal Care, Toiletries & Cosmetics Pharmaceuticals Other End-User Sectors Revenues ($M) 0 500 1,000 1,500 2,000 2,500 3,000 3,500.