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

Fast changing consumer preferences create opportunities

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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.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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