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Q1 2026 How's Business

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1st Quarter 2026 How’s Business, published by PMMI – The Association for Packaging and Processing Technologies, examines quarterly member survey data and public economic benchmarks to assess manufacturing activity and near‑term outlook. Drawing on PMMI’s How’s Business survey alongside ISM PMI and BLS CPI/PPI indicators, the analysis indicates cooling demand and shifts in working capital, with focus areas around demand and backlog, including new orders, quotations and late payments; supply‑chain and tariff impacts; and macro benchmarks and outlook. Emerging patterns generally show elevated payment risk and supply volatility that influence operational planning, and charts highlight comparative quarter‑over‑quarter trends. The report reveals where engineering teams are prioritizing investments to strengthen operational resilience.

View PMMI’s member-exclusive How’s Business dashboard to analyze 20 years of packaging machinery data, track key industry trends, and explore insights tailored for your business.

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Q1 2026 How's Business

Why Download This Report?

  • Analyze New Orders Index shifts and packaging demand signals
  • See how tariff impacts alter materials procurement cost structures
  • Identify backlog trends affecting machinery production scheduling
  • Explore shifts in supply chain disruptions and packaging materials availability
  • Assess Late Payments Index implications for sustainability-driven procurement strategies
44.4
New Orders Index for Q1 2026, down 16.8 points from Q4 2025, below 50 midpoint.
35.5%
Share of members reporting supply chain disruptions in Q1 2026, up 7.8 percentage points.
80.6%
PMMI members in the Q1 2026 Tariffs Quickie Survey indicating impact from recently imposed tariffs.

Questions This Report Answers

  • How are quoting activity and new equipment orders trending across packaging and processing machinery manufacturers?
  • Why are packaging machinery manufacturers experiencing rising late customer payments alongside declining order backlogs?
  • What impact are import tariffs and supply chain disruptions having on packaging equipment component procurement?
  • In what ways are producer price inflation and rising material costs affecting equipment manufacturing expenses?
  • Where is capital goods spending heading amid broader manufacturing employment and economic growth trends?

Published by PMMI, The Association for Packaging and Processing Technologies, in April 2026; authored by Jorge Izquierdo, Rebecca Marquez, Andrea Admana, and Grace Lee. Based on PMMI member How’s Business quarterly surveys and the 2026 Q1 Tariffs Quickie Survey, supplemented by secondary analysis of public economic indicators (ISM PMI, BLS CPI and PPI) covering Q2 2025–Q1 2026.

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Questions?

Please contact Rebecca Marquez, Director, Custom Research, PMMI at rmarquez@pmmi.org