The market for flexible packaging continues to increase at the expense of rigid packaging, directly driving growth in the form/fill/seal (FFS) machinery category
The global market for flexible packaging is forecast to grow at an annual average rate of 3.4 percent over the next five years, and is expected to reach $248 billion by 2020.
There are so many barrier films in today’s marketplace and so many players marketing them, I wonder if the playing field is in danger of becoming flat and the products commoditized?
Global demand for flexible packaging is projected to reach $210 billion in 2015, and forecast to grow at an annual average rate of 3 percent, reaching $248 billion in 2020, according to a new market report by Smithers Pira.
The U.S. meat market was valued at approximately $68 billion in 2013 and is projected to reach $84 billion by 2018, according to Canadean’s 2015 “Consumer and Market Insights: Meat Market in the U.S.” report.
Flexible packaging for meat, poultry and seafood was valued at $1.9 billion in 2013 in the United States and is growing about 1 percent per year, according to “North American Flexible Packaging Market to 2018,” a report published by PCI Films Consulting, Ltd.