PMMI’s State of the Industry-US Packaging Machinery Report

Fast changing consumer preferences create opportunities

1
PMMI
Charles Yuska, president and CEO of PMMI

The impact of changing and diversifying consumer demands were key takeaways from the 2015 State of the Industry: US Packaging Machinery Report, shared by the Association for Packaging and Processing Technologies (PMMI) at Pack Expo Las Vegas 2015. The study highlighted these shifts toward on-the go and clean-label products while, more than ever, brand owners must also tackle the challenges associated with a growing variety of consumer preferences. As these companies plan ahead for a successful 2016, PMMI provides an unbroken connection among the processing and packaging communities.

Continuous collaboration between consumer goods manufacturers (CPGs) and technology suppliers is necessary to speed the implementation of new processing and packaging solutions. The State of the Industry Report noted, “Improved information on nutrition and growing consumer health consciousness, coupled with increased travel and busy lifestyles, have driven demand for different products. This has led to the growth of indulgent yet healthy foods, convenience foods, different portion sizes (for example, single-serve packaging), different packaging designs and completely new foods.” Consumers’ demands are pressing the industry for innovative processing and packaging technologies, and they need them now.

“Speed matters,” says Charles Yuska, president and CEO of PMMI. “As the pressure mounts on CPGs to adapt their operations, immediate access to solutions providers is critical to their success. That’s why it is our number one priority to connect the makers of goods around the world with the suppliers they rely on.”

Evolving consumer demands require faster upgrades in innovation and technology on an industry-wide level. PMMI’s extensive offerings to address these needs fall into three categories – The Pack Expo portfolio of trade shows, PMMI Media Group and PMMI business drivers, which encompass PMMI’s collection of market research reports, training opportunities and educational and networking programmes. These three pillars bring the continuously changing processing and packaging industries together to address the most recent challenges.

PMMI Business Drivers assist members in pursuing operational excellence throughworkforce development initiatives, deliver actionable business intelligence on economic, market and industry trends to support members’ growth strategies, and actively connect the supply chain throughout the year. Packaging printers and converters as well as equipment suppliers can visit www.pmmi.org to learn more about the resources and opportunities available through the association’s latest video.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

As 2023 begins and FY 23-24 unfolds, will you support us?

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.

LEAVE A REPLY

Please enter your comment!
Please enter your name here