As the saying goes, you only get one chance to make a first impression. In the packaging world, flexible packaging is considered by many to be the optimal way for a company to put its best foot forward.
The outlook for flexible packaging in the U.S. remains positive, despite the continued pressure that persists around packaging waste in general, and single-use plastic packaging specifically. The industry was estimated at approximately $31.8 billion in annual sales in the U.S. for 2018 with a steady growth rate of 2.7%.
ProAmpac plans to build a Collaboration & Innovation Center (CIC) at its manufacturing facility near Rochester, New York. The CIC will help accelerate product development, application testing and analytical capabilities.
Industry experts foresee continue growth in the flexible packaging industry, fueled by two developments: increasing consumer demands for convenient packages, and an industry push for sustainable, shelf-ready product designs, according to the Flexible Packaging Market Assessment produced by PMMI, The Association for Packaging and Processing Technologies.
Retail ready packaging markets around the world are growing according to PMMI, the Association for Packaging and Processing Technologies, which announced its Ready Retail Packaging study findings at the interpack trade fair in Germany last week.