David Savastano, Editor05.20.19
Flexible packaging has been growing rapidly in recent years. According to the Flexible Packaging Association (FPA), the flexible packaging industry had $31.1 billion in sales in the United States in 2014, and is the second largest packaging segment in the US, behind corrugated printing.
In its report, “Europe Flexible Packaging Market, Mordor Intelligence places the Europe flexible packaging market at $28.22 billion in 2016, growing to $41 billion by the end of 2021 at a CAGR of 7.76%.
“Increased demand for consumer-friendly products which are lightweight and easily transportable can be considered as a major factor behind Europe’s high market share,” Mordor’s analysts reported.
“Growing focus on sustainability, the increased need for extended shelf life, rising standards of hygiene and consumer focus on the ease of use are the core drivers of this market. Flexible packaging has superior barrier capabilities and can effectively protect the product
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