News Bemis Dominates NAFTA’S US$18.3 Billion Converted Flexible Packag...

26.01.2012

Bemis Dominates NAFTA’S US$18.3 Billion Converted Flexible Packaging Industry

NAFTA’s flexible packaging converting industry is dominated by Bemis Inc. with a 20 percent share, according to PCI Films Consulting Ltd’s latest review of the market. This position was consolidated with the purchase of Alcan Packaging Food Americas in 2010. Bemis is now twice as large as the next biggest player, Sealed Air Corporation, and triple the size of the number three supplier, Printpack. Another important recent development has been the emergence of Prolamina Corporation via acquisition and green field investment as a major new force in the converting industry. With current annual turnover of around $300 million in North America, Prolamina has ambitions to top US$2 billion in converted flexible packaging sales within the next few years, mostly through acquisitions. The North American converted flexible packaging market is vast, accounting for approaching 30 percent of global consumption and an annual spend of US$18.3 billion in 2010, reveals a new report from PCI Films Consulting Limited. Just under 90 percent of sales in the region are concentrated in the US, with Canada and Mexico accounting for 6 percent and 5 percent respectively. ‘The North American Flexible Packaging Market to 2015’ explains the recent history, the current situation and predicts how converted flexible packaging will grow in the US, Canada and Mexico over the next few years.


Related News