Flexible Packaging Association releases State of the Flexible Packaging Industry report
Flexible packaging represents approximately 19% of the total $170 billion U.S. packaging industry, and is the second largest packaging segment.
The Flexible Packaging Association (FPA), Annapolis, Md., released its “2019 State of the Flexible Packaging Industry Report,” which provides industry converters, suppliers, investors and analysts with insight into the performance (i.e. growth, revenue/volume expectations, profitability and capital spending) of the U.S. flexible packaging industry over the past year.
The total U.S. flexible packaging industry is estimated to be $31.8 billion in annual sales for 2018. The flexible packaging industry includes packaging for retail and institutional food and non-food, medical and pharmaceutical, industrial materials, shrink and stretch films, retail shopping bags, consumer storage bags and wraps and trash bags.