Opportunity’s Still Knocking

Flexible packaging segment snapshot

During his presentation of the FPA’s State of the Industry Report at the association’s annual meeting held in February, James Love reported that U.S. packaging is a $136 billion industry. Flexible packaging accounts for 18 percent of the industry, with total sales of $25.9 billion. The compounded annual growth rate (CAGR) of this segment has been 3.4 percent during the last decade. Contributing to this growth are 420 companies encompassing nearly 1,000 manufacturing facilities employing almost 80,000.