PCI's report on the North American Flexible Packaging Market to 2018 is now available.
May 8, 2014
by Canadian Packaging Staff
PCI‘s latest report on consumer flexible packaging markets in the USA, Canada and Mexico is now available after updating its popular 2011 study – The North American Flexible Packaging Market to 2018.
This comprehensive and authoritative report on North America’s flexible packaging market includes: Profiles of over 100 flexible packaging converters; Consumption trends in 20 end use applications plus formats and specifications; Analysis of production, trade and consumption by country; and Historic drivers and expert forecasts to 2018.
A synopsis of the report’s North American flexible packaging market and why it will grow faster than in Europe is provided here:
The North American and European flexible packaging markets at US$20.7 billion and US$16.4 billion, together account for approaching half of the global consumer flexible packaging market of around $76 billion in 2013. However, recent research by PCI shows that growth in North America at around four percent per year by value is currently twice as fast as that experienced in the last year in Europe.
Experts at PCI Films Consulting believe that this situation is likely to endure even while the annual spend per capita is much higher in North America, than in Europe. While demand in Eastern Europe continues to grow by over five percent per year. in value terms, underpinned by strong growth in Russia and Poland, growth in the more mature Western Europe is currently running at less than 1.5 percent per annum.
There are a number of reasons for the divergent growth prospects for North America and Europe:
PCI Films Consulting’s view is that flexible packaging demand will continue to grow more rapidly in North America than Europe, perhaps most importantly because of the much more favorable population demographics in North America and likely economic fundamentals, over the next couple of years.
PCI Films Consulting Ltd, part of the PCI group of companies, offers an extensive range of consulting services to those involved in the production and use of flexible packaging materials around the world. The company produces dedicated quarterly business reports and in depth regional supply/demand studies for the polyester and polypropylene film and flexible packaging markets. The company also provides specialist ad-hoc research and planning to the industry and its advisors. Company information is found at www.pcifilms.com.
Further details on the The North American Flexible Packaging Market to 2018 report, click HERE.