Flexible packaging in the United States grew last year and is expected to continue to grow this year, according to a new report by the Flexible Packaging Association.
The industry grew by 2.8 percent in 2013 to become a $27.2 billion industry, and 2014 forecasted growth is expect to be 3.8 percent, the Linthicum, Md.-based trade group said. That would bring revenue to $28.2 billion for 2014.
These details are in the newly released State of the Flexible Packaging Industry Report from the association.
The report, available as a benefit of FPA membership and for $3,500 for non-members, includes information about the growth, sales/volume expectations, profitability and capital spending of the U.S. industry.
The report also covers: materials and processes; end uses; industry structure and consolidation; imports and exports; and industry issues, challenges and vision, FPA said.
More information is available at www.flexpack.org or by contacting Bob Zaborowski, director of business and economic research for the FPA at email@example.com or (410) 694-0800.