Demand for caps and closures in the US is expected to grow 4.2% per year to $11.8 billion in 2020, with gains bolstered primarily by the growing use of high-value dispensing and child-resistant closures (CRCs).
The global flexible packaging market is projected to expand at a CAGR slightly over 5% during the forecast period (2016-2024) due to various factors, as revealed in Transparency Market Research's (TMR) lastest report, Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.
Pro Mach Inc., an industry-leading integrated packaging solutions company, has acquired Ontario-based Zarpac Inc., a leading global provider of packaging line engineering, integration, and productivity services and solutions.
Engineered and built to governmental regulations, Nercon’s New Sanitary Conveyor Technology features CIP and COP components, and options that increase cleaning effectiveness and efficiency.