Freedonia In The News
Article Title: Freedonia Issues Report on Converted Flexible Packaging
Publication: PFFC Paper, Film & Foil Converter, 12/9/2015
Freedonia Study: Converted Flexible Packaging (3333)
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Demand for converted flexible packaging in the US is projected to increase 3.3% annually to $20.7 billion in 2019, says Converted Flexible Packaging, a new study from The Freedonia Group.
Although advances will decelerate from the pace of the past decade, converted flexible packaging will remain a growth area in both food and nonfood applications due to the inherent cost and performance advantages of lightweight bags and pouches, says the report. Moreover, converted flexible packaging’s source reduction, space savings, and lower production and transportation costs will be increasingly advantageous in light of the growing importance among major retailers and packaged goods firms of supply chain sustainability as a competitive advantage. All of these factors are expected to drive further conversions from rigid to flexible formats.
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