Pouches push flexibles towards $290bn

摘要

PROCESSED fruits and vegetables and baby food will be the biggest contributors to flexible packaging growth by 2023,reports the PMMI,with both in flexible pouches.Increasing consumer demands for convenient packages,coupled with an industry-wide push for sustainable shelf-ready designs has the global flexible packaging market poised to eclipse the $290 billion mark by 2023,claims the organisation's Flexible Packaging Market Assessment.With an estimated 3.9 per cent CAGR,the market in the US and Canada is projected to achieve $44bn.As has traditionally been the case due to its early adoption of flexible packaging,the food industry remains the largest user,accounting for nearly 50 per cent of the flexible packaging in circulation.With convenience as a noted driver,food figures to remain the dominant segment due to the overall rise in ready-to-eat foods,snacks and frozen meals.