The Packaging Machinery Manufacturers Institute (PMMI) announced that United States of America will maintain its position as the global leader in packaging machinery business. Sales of North American-based packaging machinery supplier solutions reached US$6.11 bln in 2006 and are forecast to grow at an average annual rate of 3.1% through 2009, to reach US$6.689 bln.
Globally, total packaging machinery sales reached US$31 bln in 2006. North American manufacturers provided 20% of the global packaging solutions. In parallel, US demand for packaging machinery solutions reached US$6.6 bln in 2006, with North American-based manufacturers providing 77% of the packaging solutions sold.
North American packaging machinery manufacturers have a history of providing the marketplace with cutting-edge packaging solutions that increase operational efficiency and productivity and help brand owners get products to market faster.
Recent PMMI studies indicate that the competitive advantages of North American packaging machinery manufacturers and benefits of a weaker US dollar abroad is expected to further boost US exports.