A few bullet points from the report presented by Rob Tiede, exec vp/COO of Sonoco Products Co., and
current chairman of the FPA:
- The global flexible packaging market in 2016 was $86 billion. North America made up 27% of this total and accounted for $63.93 of per capita consumption.
- The US market’s products were composed of 78% value-added flexible packaging, 10% consumer products, 7% retail poly bags and 5% other poly bags and wraps; this is unchanged from 2015.
- US converters saw volume rise slightly and profits remain mostly flat in 2016.
- In terms of printing methods last year, flexography continues to lead with 68% market share, compared to 64% in 2014. Gravure is at 13%, up from 11% two years ago. Offset and other methods are now at only 1% compared to 2% back in 2014. And digital printing has finally made enough of a stamp on the industry with about a 1% market share of flexible packaging last year. Unprinted finished materials fell to an 18% share from 22% in 2014.
- There were 20 flex-pack mergers & acquisitions last year; among the most notable were TC Continental buying Robbie Manufacturing; Prolamina acquiring Coating Excellence Intl.; Amcor Flexibles purchasing Deluxe Packaging; and Novolex acquiring Heritage Bag Co.
More info: www.flexpack.org