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Growth of the US flexible packaging industry has been steady over the past 10 years with a CAGR of 1.9%.
August 22, 2017
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
The US flexible packaging industry is estimated to be about $30.2 billion in annual sales for 2016, according to Flexible Packaging Association’s (FPA) 2017 State of the Flexible Packaging Industry Report. It represents 19% of the $164 billion US packaging industry and is the second largest segment behind corrugated paper. According to the report, growth of the US flexible packaging industry has been steady 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. 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 www.flexpack.org. The report is available to non-members of FPA for $3,500.
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