State of the Industry-Flexible Packaging

The Flexible Packaging Association's (FPA) "2002 State of the Industry Report" identified the flexible packaging market as a $20 billion industry. This amounts to 17% of a $114 billion total packaging market and makes it the second largest category. While the U.S. market for converted flexible packaging is by far the largest, The Freedonia Group predicts that China will replace Japan as the second largest market by 2005.