4 MIN. READ
The U.S. packaging industry is expanding rapidly, experiencing a 5% compound annual growth rate (CAGR) from 2014-2019.
The industry is expected to see strong growth in the coming years, with a predicted CAGR of 4.1% for 2019-2024. During 2019, the U.S. packaging industry has generated $10 billion in revenue.
The global packaging market mirrors the U.S. packaging market's strong performance and is expected to reach a value of $1 trillion by 2020.
Concerns about climate change are impacting the U.S. packaging industry. Many packaging enterprises are working to replace plastic packaging with more eco-friendly and safe alternatives.
Companies like Shell have implemented various eco-friendly measures in response to climate change. Packaging manufacturers are beginning to take similar steps to reduce their ecological impact.
Packaging manufacturers are also exploring flexible packaging to increase customer satisfaction. Many enterprises are increasingly interested in outsourcing packaging operations, which bodes well for the packaging industry on both national and international levels.
Overall, the outlook for the global packaging industry is decisively favorable.
We've compiled a list of the nine fastest-growing packaging manufacturers in the U.S. so you can prioritize your sales targets.
COMPANY | EMPLOYEES ON SITE | CITY | STATE |
---|---|---|---|
Lantech | 400 | Louisville | KY |
Delkor Systems, Inc. | 250 | St. Paul | MN |
Aagard Group, LLC | 220 | Alexandria | MN |
Bosch Kliklok-Woodman | 170 | Decatur | GA |
Combi Packaging Systems, LLC | 160 | North Canton | OH |
Winpak Lane, Inc. | 90 | San Bernardino | CA |
Accutek Packaging Equipment Companies, Inc. | 80 | Vista | CA |
Thiele / BW Packaging Systems | 65 | Fergus Falls | MN |
Spee-Dee Packaging Machinery, Inc. | 65 | Sturtevant | WI |
1: Lantech
Lantech, located in Louisville, Ky., is focused on secondary packaging systems such as automatic and semiautomatic wrapper machines and case-handling equipment.
Lantech invented the stretch wrapper that is now ubiquitous among large-scale packaged products. The company provides secure, global sales across a variety of markets, making it a longtime standout among packaging companies.
2: Delkor Systems, Inc.
Delkor, located in St. Paul, Minn., manufactures cutting-edge packaging operations featuring automated and robotic production processes.
Its capability to handle the entire packaging process from start to finish - including fragile and perishable items such as glass and food - makes it unique. The company maintains cutting-edge standards while using automated and robotic packaging equipment, which has contributed heavily to its growth.
3: Aagard Group, LLC.
Aagard, located in Alexandria, Minn., uses integrated and standalone packaging machines. It's difficult to find a better secondary packaging company.
It specializes in a wide variety of packaging processes while maintaining a high standard of quality.
4: Bosch Kliklok-Woodman
Bosch, located in Decatur, Ga., manufactures high-end generalized packaging equipment. It's a well-known and trusted resource within the industry.
Its commitment to quality is evidenced by the number of large pharmaceutical clients willing to entrust valuable pharmaceuticals and equipment to Bosch for packaging.
5: Combi Packaging Systems, LLC
Combi, located in North Canton, Ohio, specializes in innovative automated packaging machines. Combi has been thriving for over four decades, and it's not difficult to see why.
The company's ability to package large machinery according to customer specifications has made it a reliable partner over the years.
6: Winpak Lane, Inc.
Winpak, located in San Bernardino, Calif., manufactures generalized packaging machinery.
Winpak's meticulous packaging process allows for reliable packaging of liquids, making it indispensable to its clients in the food and beverage industries.
7: Accutek Packaging Equipment Companies, Inc.
Accutek, located in Vita, Calif., makes customized packaging equipment, including filling, capping and labeling machines. Accutek also customizes conveyors and generalized packaging processes.
Its complete commitment to customer satisfaction and personalized customer experiences, as well as its innovative packaging procedures, make it a worthy contender in a crowded market.
8: Thiele / BW Packaging Systems
Thiele, located in Fergus Falls, Minn., makes generalized packaging machinery. Going strong since 1931, it shows no signs of slowing down even after almost a century in business.
Thiele's ability to cater to multiple markets without sacrificing quality or client experiences makes the company unique.
9: Spee-Dee Packaging Machinery, Inc.
Spee-Dee, located in Sturtevant, Wisc., specializes in product-filling systems, equipment and machinery across a variety of industries.
Spee-Dee is aptly named - the business is renowned for transporting products in record time. Coupling that efficiency with niche packaging such as cup fillers and auger fillers, it's a strong competitor.
If you're a sales leader or marketer looking to penetrate the packaging industry, we can help. IndustrySelect provides clients with touch-point data for potential leads, including contact information and other actionable data. Subscribers can get up to 30 data points to help them identify and pre-qualify the best leads from 400,000 U.S. manufacturers. Profiles also include the names, titles, and email addresses for hard-to-reach executive decision-makers. To learn more about what IndustrySelect can do for you, visit our website and start your free demo.
Article Sources:
https://www.businesswire.com/news/home/20190712005322/en/United-States-Packaging-Industry-Growth-Trends-Forecasts
https://www.ibisworld.com/united-states/market-research-reports/packaging-labeling-services-industry/
https://www.yorksaw.com/packaging-industry-trends/
https://www.mordorintelligence.com/industry-reports/packaging-industry-in-united-states
https://www.globenewswire.com/news-release/2019/07/12/1882059/0/en/Analysis-on-the-Packaging-Market-in-the-United-States-2019-2024-Rising-Demand-for-Sustainable-Innovative-