Converted Flexible Packaging Demand to Exceed $18 Billion

Demand for converted flexible packaging is projected to increase 3.8 percent annually to $18.2 billion in 2015. Gains will be similar to the pace of the 2005-2010 period based on the now more well-established presence of pouches in a number of food and nonfood markets coupled with overall deceleration in raw material price growth. Converted flexible packaging’s source reduction capabilities will be increasingly advantageous in light of initiatives by major retailers and packaged goods firms to evaluate their packaging in terms of eco-friendliness and cost reduction. These and other trends, including market share and product segmentations,