Healthcare Market Equipment Investments Poised for Growth in 2021

Personal care and pharmaceuticals /medical devices are two markets that, not surprisingly, are holding their own and even expecting growth during COVID-19.

Getty Images 1170191165

End User Expectations for 2021 Equipment Investment

May 3

According to the May 2020 U.S. Packaging Machinery Purchasing Index report by PMMI Business Intelligence, CPGs in the personal care and pharmaceuticals/medical devices industries are optimistic about current business conditions driving expansion in 2021, despite COVID-19 shutdowns and oil market surpluses creating a drop in other industries.

Personal Care

• End users in the personal care industry are outperforming the total market in all metrics.

• Demand for personal care items, such as hand soaps, sanitizers, and other assorted toiletries, could be the main driver for expansion in this industry.

List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO