The industry's revenue for the year 2011 was reported at $4.8 billion USD, with an estimated gross profit of 36.69%. Import was valued at $1.1 billion USD from 65 countries. The industry also exported $311.4 million USD worth of merchandise to 95 countries.
Demand for plastic film in the US is projected to grow 1.8% annually to 15.9 billion pounds in 2016. Advances will reflect the performance and source reduction advantages of plastic film over other packaging materials and opportunities in film products such as modified atmosphere packaging for food.
More than 47.9 million U.S. households can now recycle cartons thanks to efforts led by the Carton Council, a group of carton manufacturers committed to reducing the environmental impact of cartons. This is an increase of 128% in just three years.
Barely a month after PACK EXPO International 2012, show owner and producer PMMI announces The Brand Zone at PACK EXPO Las Vegas 2013 is nearly sold out.
The Sustainable Packaging Coalition (SPC), a project of sustainability nonprofit organization, GreenBlue (www.greenblue.org), announces additional participants in the soft launch of its pioneering How2Recycle on-package recycling labeling system.