Bemis Dominates NAFTA’S $18.3 Billion Converted Flexible Packaging Industry
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For the future, converted flexible packaging growth in North America is forecast to average around 3.5 percent per annum reaching nearly US$22 billion by 2015, with Mexico set to grow by 5 percent per annum. Per capita consumption of flexible packaging in Mexico is only around a fifth of the US figure, underlining its ‘emergent market’ status. The North American Free Trade Agreement also continues to provide extra impetus behind growth in Mexico, with many US packaged food companies manufacturing in Mexico to take advantage of lower labour rates.
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