SOURCE: MarketResearch.com

MarketResearch.com

November 02, 2011 10:08 ET

US Demand for Converted Flexible Packaging to Exceed $18 Billion in 2015

ROCKVILLE, MD--(Marketwire - Nov 2, 2011) - MarketResearch.com has announced the addition of the new report "Converted Flexible Packaging," to their collection of Manufacturing-Construction market reports. For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Converted-Flexible-Packaging-6606643/

Demand for converted flexible packaging in the US is expected to exceed $18 billion in 2015. Gains will reflect a rebound in the US economy and will be supported by cost, performance and source reduction advantages over most rigid packaging formats. Rising demand for convenience-oriented and other further processed food items, which often use more costly higher barrier packaging materials for extended shelf life, will also propel growth.

Converted flexible packaging's source reduction capabilities will be increasingly advantageous in light of initiatives by major retailers and packaged goods firms to evaluate the packaging used by their suppliers in terms of eco-friendliness and cost reduction.

Demand for converted flexible packaging in the US is expected to exceed $18 billion in 2015. Gains will reflect a rebound in the US economy and will be supported by cost, performance and source reduction advantages over most rigid packaging formats. Rising demand for convenience-oriented and other further processed food items, which often use more costly higher barrier packaging materials for extended shelf life, will also propel growth.

Converted flexible packaging's source reduction capabilities will be increasingly advantageous in light of initiatives by major retailers and packaged goods firms to evaluate the packaging used by their suppliers in terms of eco-friendliness and cost reduction.

Above-average growth in food applications will be driven by the need for more costly films for extended shelf life along with demographic trends such as increased numbers of single-person and empty nest households and households where all adults work. These trends will boost demand for food in smaller package sizes and more convenient foods designed to reduce food preparation time. Trends toward healthier eating and increased "on-the-run" eating will spur food manufacturers to expand their offerings of products, especially snacks, baked goods and beverages, in single serving packages. Such products require more packaging than standard packages of similar items. The fastest growing food packaging markets for converted flexible packaging will be beverage, meat and related products, and snack food uses.

In nonfood applications, advances will be led by above-average gains in the pharmaceutical and medical product markets based on heightened barrier requirements, cost and convenience advantages, and adaptability to growing unit-of-use requirements. Moreover, benefits including product visibility, pilferage protection and good barrier properties will support continued demand in a broad range of uses.

For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Converted-Flexible-Packaging-6606643/

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