Advantage: Flexible Packaging
Sustainability and shelf appeal are two advantages flexible packaging can leverage as the economic recovery continues.
Consolidation
There is a general consensus that the U.S. flexible packaging industry will continue a steady march toward consolidation. In his review of FPA's State of the Industry report, Baumann noted that there are currently about 414 flexible packaging companies in the U.S. As one indication of the industry consolidation, the revenue share of larger companies (those reporting annual revenues greater than $500 million) has risen from 30 percent of total industry revenues in 1996 to 52 percent in 2009, according to data compiled by FPA.
- Companies:
- Flexible Packaging Association
- People:
- John Baumann
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