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FLEXO Magazine : September 2010
Industry Indicators 2010 FPA State of the Flexible Packaging Industry Report industry remains second Largest Packaging segment The flexible packaging industry represents approximate- ly 18 percent of the total $143 billion U.S. packaging industry. Annual industry sales for 2009 are estimated to be $26.4 billion; and, according to the 2010 FPA State of the Flexible Packaging Industry Report, sales revenue for 2010 is expected to increase 3.4 percent, to about $27.3 billion. The recently published 2010 State of the Flexible Packaging Industry Report, which is produced by the Flexible Packag- ing Association (FPA), examines a broad range of industry data including flexible packaging sales and utilization levels, current profit trends, capital spending plans, M&A activity, U.S. imports and exports, projected growth areas, and end- use applications. The Report includes information gathered through the FPA members’ 2010 State of the Flexible Packag- ing Industry survey and the non-members 2010 Industry-Wide Converter survey. The report also includes data from the U.S. Census Bureau’s 2007 Full Economic Survey and 2008 Annual Survey of Manufacturers, the Bureau of Economic Analysis, industry analysts, investment banking reports, and additional authoritative sources. Following are highlights of the 2010 State of the Flexible Packaging Industry Report. GRowth & DeveloPment The flexible packaging industry has experienced steady growth, which has been aided by the development of innova- tive products, advancements in technology, the introduction of flexible packaging into new and existing markets, and the industry ’s ability to meet the ever changing needs of cus- tomers and consumers. According to the report, from 1999 to 2009, the flexible packaging industry has grown at a com- pound annual rate of 3.1 percent per year. This compares well with the growth of the U.S. economy, which experienced • From 1999 to 2009, the flexible packaging industry has grown at a compound annual rate of 3.1 percent per year. • Flexographic printing accounts for 63 percent of their flexible packaging sales. • Exports have increased at the rate of 4.9 percent per year between 1999 and 2009, while imports have risen 63 percent faster, at the rate of 8.0 percent per year. source: Flexible Packaging association. source: Flexible Packaging association. 14 FLEXO sePtember 2010 www.flexography.org FLEXIbLE packagIng FLX_Sept2010_mech.indd 14 9/1/10 8:54 AM