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Flexible Packaging Market is Characterized by Solid, Long-Term Growth

The Flexible Packaging Association’s 2018 State of the Flexible Packaging Industry Report identifies flexibles as the second-largest packaging segment.

The total flexible packaging industry is estimated to be approximately $31 billion in annual sales for 2017. The $31 billion includes packaging for retail and institutional food and non-food (including medical and pharmaceutical), industrial materials, shrink and stretch films, retail shopping bags, consumer storage bags, and wraps and trash bags.
The total flexible packaging industry is estimated to be approximately $31 billion in annual sales for 2017. The $31 billion includes packaging for retail and institutional food and non-food (including medical and pharmaceutical), industrial materials, shrink and stretch films, retail shopping bags, consumer storage bags, and wraps and trash bags.

Factors such as sustainability, digital printing, and e-commerce would all seem to bode well for the future of the flexible packaging materials market. Flexibles represent approximately 19% of the total $167 billion U.S. packaging industry, according to the just-released Flexible Packaging Association’s (FPA) “2018 State of the Flexible Packaging Industry Report.”

Although FPA’s report is not a trends report, the association does report that flexibles rank as the second-largest packaging segment, behind corrugated paper but ahead of bottles and miscellaneous rigid plastics packaging.

“Flexible packaging’s solid, long-term strength, coupled with flexible packaging replacing other packaging formats, resulted in the growth of flexibles from 17% in 2000 to the current level of 19% in 2017,” notes FPA.

That steady growth is reflected in the total flexible packaging industry, which FPA estimates at $31 billion in annual sales for 2017, up from the $30.2 billion in 2016 noted in the association’s 2017 report. The $31 billion includes packaging for retail and institutional food and non-food (including medical and pharmaceutical), industrial materials, shrink and stretch films, retail shopping bags, consumer storage bags, wraps and trash bags.

LAST CHANCE TO SAVE! New Tech for Life Sciences at PACK EXPO Southeast
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LAST CHANCE TO SAVE! New Tech for Life Sciences at PACK EXPO Southeast