United States
2008-12-01
Industry Overview
The US is the world’s single largest packaging machinery market. The market for packaging machinery achieved a total industrial output value of $5.8 billion and grew by 9.8% in the recent years. The manufacturers of packaging machinery prompted the domestic sales turnover by 8.5% to reach $4.27 billion while as the imports rose by 14.2% to reach $1.33 billion. The major packaging machinery suppliers to the US are Germany, Italy, Canada, Japan and Switzerland.
Demand for packaging machinery and equipment has been registered in the segment of packaging machines for cosmetics [with a 10% share] and the bottling machines [6% share]. 62% of American companies disclosed that they will maintain or increase their investments next year. The professionals of the sector estimate that this market would reach $5.9 billion in 2007, of which $1.2 billion for convoying and positioning machines, $658 million for marking and coding machines, $458 million for pallet packaging machines, $437 million US for labeling machines, $393 million for conditioning and closing machines and $335 million for bottling machines. Packaging machinery import reached $1.4 billion in 2005.
The increasing cost of raw materials is of a great concern for packaging manufacturers. Oil and gas prices are driven up by supply disruptions, political concerns and ceaseless global demand, and much of the latter attributable to the fast-growing Chinese economy. Aluminum prices reached the top in 2005, again spurred by rising global demand. Rigid and flexible packaging producers are affected by the high oil prices because oil is an important material in all plastic resin production and enormous quantities of gas are used in glass production. Besides, aluminum and steel prices are related to metal food and beverage packaging production. High prices can lead to reduce market volume share for certain packaging sectors, especially for PET manufacturers.
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