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.
