Converted flexible packaging demand to approach $19 billion in 2017
Long-term prospects for converted flexible packaging will be heightened by technology advances to enhance shelf life and protect the package from bacteria and other potential contaminants. These and other trends are presented in “Converted Flexible Packaging,” a new study from The Freedonia Group Inc., Cleveland.
Pouches, primarily of a standup construction, will see significant growth opportunities. Analyst Joe Pryweller forecasts demand “to increase 3.6 % per year through 2017 to $8.2 billion, with even faster growth through 2022.” Recent product launches will contribute to further growth. Pryweller also notes, “Growth in demand for pouches is also a function of economics, as the lighter weight packages can vastly reduce both production and transport costs.”