PMMI Corner: Drinking in the opportunity
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The beverage market accounts for nearly one quarter of annual U.S. packaging machinery shipments, second only to the food industry. According to PMMI’s recent Second Quarter of 2012 Purchasing Index report, this market will continue to grow in 2012. The report shows that the impact of the economic downturn has lessened and the beverage market is expected to outpace the market as a whole in Q2 of this year. Highlights of the report include:
• Respondents in the beverage industry projected spending for packaging machinery should maintain a continued increase with an index of 72.9 over Q2 2011.
• Investments by U.S. beverage companies in packaging machinery in Q2 2012 should progress at a much faster rate over Q1, outperforming the total market by 6.7 index points.
• 29% of respondents from the beverage industry indicated they will increase packaging machinery investment projects in Q2 beyond what had been initially scheduled.