It is a new year — with a new Congress, and many new state legislatures — but the same trade wars and scrutiny over packaging and plastics exists; so, what is the outlook for flexible packing in the U.S.? Still strong and growing.
The flexible packaging industry is estimated to be $31 billion in annual sales using Flexible Packaging Association (FPA) 2017 data. Since its development, flexible packaging has maintained steady growth; and over the last 10 years, its share of total packaging in the U.S. increased from 16 percent to its current rate of 19 percent. Flexible packaging is the fastest growing segment of packaging in the U.S., as well as globally.