Some bullet points from the report presented by Stan Bikulege, chairman/CEO of NOVOLEX,™and current chairman of the FPA:
- Rising about 2.2% this year, the US flexible-packaging market reached $31 billion in dollar volume in 2015. There has been a 2.7% CAGR since 2005.
- 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.
- An end-use market breakdown of US flex-pack sales last year shows 53% retail food, 10% retail non-food, 9% medical and pharmaceutical, 8% industrial, 10% consumer products, 6% institutional food and 4% institutional non-food.
- In terms of printing methods last year, flexography continues to lead with 65% market share, compared to 63% in 2013. Gravure is at 15%, up from 11% three years ago. Offset and other methods are now at 4% compared to 3% back in 2013. 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 a 15% share from 22% in 2013.
- There were 18 flex-pack mergers & acquisitions last year; among the most notable were Glenroy, Inc., buying PF Flexibles; Prolamina acquiring Ampac, then the merged new ProAmpac buying Coating Excellence Intl.; and TC Transcontinental acquiring Ultra Flex Packaging.
More info: www.flexpack.org