GRAND RAPIDS, MICH. (Oct. 16, 10:25 a.m. ET) — The U.S. thermoforming industry is financially solid and enjoys a stable workforce, but needs capital investment to replace older equipment, said Jeff Mengel, a partner with Plante & Moran in Chicago. The average age of a thermoforming press is 14 years old, Mengel said at the Society of Plastics Engineers Thermoforming Conference.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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