Valued at $27.2 billion in 2013, the US market's products were composed of 78% value-added flexible packaging, 10% consumer products, 7% retail poly bags and 5% other poly bags. The 10-year CAGR has also been 2.8% since 2003.
The FPA estimates the US flex-pack industry has 411 companies, 950 manufacturing facilities, 79,000 workers and production of $342,000 in sales per employee.
In 2013, the FPA says the US industry spent about $15.5 billion on materials to manufacture its products. This breaks down as 39% films, 21% plastic resins, 7% inks, 7% aluminum foil, 10% paper, 5% coatings and adhesives, and 11% other.
In terms of printing methods last year, flexography continues to lead with 63% market share, compared to 64% in 2010. Gravure is at 11%, up from 9% three years ago. Offset and other methods is now at 3% compared to 1% back in 2010. And digital printing has finally made enough of a stamp on the industry with a 1% market share of flexible packaging last year. Unprinted finished materials fell to a 22% share from 26% in 2010.
Mize reviewed some of the great opportunities ahead for the US flex-pack industry, including helping to reduce food waste, boost innovation, expand on intelligent and smart packaging, introduce new products, and advance manufacturing processes to drive the conversion of products from rigid containers to flexible packaging.
More info: www.flexpack.org