Demand Rises For Innovative Packaging Equipment
To stay ahead of the curve and provide complete packaging solutions to the beverage industry, packaging machinery manufacturers are developing case packers and wrappers that offer the flexibility to accommodate line changeovers, handle multiple packaging types, assemble variety packs and meet the industry’s need for speed.
Demand for innovative packaging equipment is growing as operations look to keep up with SKU proliferation within the beverage industry. In fact, a report from the Association for Packaging and Processing Technologies (PMMI) highlights a total market value of $9.8 billion, a 4.8 percent increase in the U.S. packaging machinery market from 2015 to 2016.
PMMI’s annual State of the Industry report also estimates that domestic shipments of packaging machinery were worth $7.73 billion in 2016 and are forecast to grow at a compound annual growth rate of 2.2 percent, reaching $8.8 billion in 2022.
Read the full article here
Latest
AI is Revolutionizing Event Technology in Ways That Will Transform How Attendees Experience Future Events
AI has been gradually changing the landscape of event technology at a very rapid pace. In an industry where staying ahead of technological trends is crucial, AI’s impact on marketing and event management has become increasingly significant. As witnessed in the rise of account-based marketing and enhanced personalization, AI is effectively reshaping how events […]
Transforming Our Relationships with Leadership and Social Flow with Tribute Founder Andrew Horn
Can relationships be transformed through leadership and social flow? Navigating the intricate web of digital relationships can be a tricky proposition. Tuesdays with Morrisey’s Adam Morrisey uncovers the transformative impact of emotional recognition in the workplace with Andrew Horn, the mastermind behind Tribute. This podcast edition unravels the story of a platform redefining how […]
IoT Security Solutions for the Safety of Connected Homes Requires Collaboration and Innovation
Since the introduction of smart devices, the world has increasingly become dominated by interconnected devices but IoT securitydemands are also growing. The “connected home” has shifted from what was once a futuristic concept to reality. With the global smart home market projected to reach $135.3 billion by 2025, the conversation around the security of these […]
