General, Innovation, Preformed Pouches, Sustainable Packaging / March 11, 2019
The Flexible Packaging Association’s annual report illustrates the tremendous growth of the flexible packaging segment. According to the 2018 State of the Flexible Packaging Industry Report, flexibles make up about 19% of the packaging industry in the United States—the 2nd-largest segment of a $167 billion industry.
Trailing only corrugated paper, flexible packaging market share surpasses rigid plastics. Overall, it is a market share growth of 2% since 2000, but as the overall packaging industry also continues to grow, flexible packaging’s share increased in value by about $800 million from 2016 to 2017 (up to $31 billion from $30.2 billion). Included under the umbrella of flexible packaging is solutions for food, medical, pharmaceutical, and non-food industries, in retail and institutional applications.
The FPA’s report is designed to help manufacturers and suppliers understand industry growth and make projections for the future based on year-over-year data. Important aspects of the flexible packaging industry that are addressed include material forecasting (including printing and film), forecasts of end use, corporate mergers, international trade, and industry issues. The FPA website describes the organization’s role and passion for the industry:
“The Flexible Packaging Association has served as the voice of the flexible packaging industry since 1950. FPA’s goals are connecting, advancing and leading the flexible packaging industry.”
Our flexible packaging solutions at Eagle Flexible Packaging cover a wide variety of industries, including:
We are constantly innovating and offer a range of sustainable packaging solutions that are highly in demand. Give us a call or contact us to explore the various options and configurations of flexible packaging that will meet the needs of your company, product, and customers.