Growth in flexible packaging slowed to 2.1% in 2012, compared to over 5% in 2011. Low demand from food packaging buyers and lower raw material inflationary pressures were the two main contributors slowing Europe’s flexible packaging growth according to PCI’s annual report. PCI predicts a modest increase for 2013. Report author Paul Gaster notes, “While value growth has slowed, European consumption of flexible packaging in volume terms approached 2% in 2012, confirming that flexible packaging continues to perform better than many other industries in the current economic climate”.
The report states that there was modest growth in Europe’s largest market, Germany, with little or no growth in England and France. There were major declines across Southern Europe in Italy, Spain, Greece and Portugal. The markets with the most growth were Turkey, Russia and Poland, which increased in value at more than twice the European average.
PCI’s ‘The European Packaging Market’ has become a valuable tool for business planning. The data is based on original research; there are market analyses and statistics for 2012, estimates for 2013 and forecasts to 2017.
For more information go to www.pcifilms.com
Source: Packaging Europe