The U.S. flexible packaging industry continues to experience positive and steady growth according to the Flexible Packaging Association’s (FPA) 2017 State of the Flexible Packaging Industry Report.
The report says 2016 annual sales for U.S. flexible packaging were about $30.2 billion, representing 19% of the $164 billion U.S. packaging industry. FPA notes that makes flexibles the second-largest segment behind corrugated paper. The U.S. flexible packaging industry has grown steadily over the past 10 years with a compound annual growth rate (CAGR) of 1.9% and a 2016 annual growth rate of 2.4%. FPA estimates that the industry will increase to $31 billion in 2017.
Alison Keane, President and CEO, FPA, says, “FPA is pleased to provide the 26th annualState of the Flexible Packaging Industry Reportto its members. TheReporthighlights the overall industry, which continues to grow, with an estimated $30.2 billion in sales for 2016 and a steady year-over-year growth rate. By combining the best qualities of paper, plastic film, and aluminum foil, flexible packaging delivers a broad range of protective properties as well as versatility, efficiency and cost-effectiveness, which all continue to contribute to its growth.”
FPA serves as the voice of the U.S. manufacturers of flexible packaging and their suppliers. The association’s mission is connecting, advancing and leading the flexible packaging industry. Its annual State of the Flexible Packaging Industry Report provides converters, suppliers, investors, and analysts with insight into the performance (growth, revenue/volume expectations, profitability, capital spending) of the U.S. flexible packaging industry over the past year.
The FPA 2017 State of the U.S. Flexible Packaging Industry Report is a benefit of FPA membership and is available in the Members Only section of its website. The report is available to non-FPA members for $3,500.
The report data also examines several other aspects of the U.S. flexible packaging industry. including:
• Performance (growth, revenue/volume expectations, profitability, and capital spending)
• Materials and processes (printing and expected material usage)
• End-uses (end-use forecast and U.S. Census Bureau retail segments data)
• Structure and consolidation (M&A activity)
• Imports and exports (trade outlook)
• Industry vision, challenges, and critical issues
Data available in the report is gathered through several industry sources, including FPA members, the State of the Flexible Packaging Industry Survey, the FPA non-members Industry-Wide Converter Survey, the U.S. Census Bureau’s latest Annual Survey of Manufacturers, U.S. Departments of Labor and Commerce, industry analysts and consultants, investment banking reports, and the FPA long-term historical model of flexible packaging industry growth.