CPG Industry Drives US Economy with $2.5 Trillion Contribution and 22.3 Million Jobs

PwC study examines the total contribution of the CPG industry, including employment, labor income and economic value added, at the national, state and congressional district levels in 2022.

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By: TOM BRANNA

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The Consumer Brands Association (CBA) released a study on the consumer packaged goods (CPG) industry’s growing economic footprint across the US. The PwC study found that the CPG industry is the largest manufacturing sector by employment. It supports 22.3 million jobs and contributes $2.5 trillion — or nearly 10% — to the US economy, which is more than Canada’s 2023 total gross domestic product (“GDP”). “As one of the nation’s top job creators, the makers of the products consumers choose and t...

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