According to PCI Films Consulting’s new report, Europe’s flexible packaging market grew 5.1% in 2011. The European flexible packaging market is currently valued at $15 billion. According to the report higher selling prices were the main factors in the growth. The rising inks, adhesives and energy costs were passed onto to customers resulting in higher prices. Eastern Europe has exhibited the most growth at twice the average for Europe as a whole; large growth also came from Western Europe (4-6%). The Spanish and Portuguese markets were static.
Industry consolidation was another important factor in the growth of flexible packaging in Europe.
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