Converted Flexible Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Converted Flexible Packaging Industry Overview

The Converted Flexible Packaging Market is moderately competitive and concentrated and consists of some influential players. Regarding market share, some of these major players currently dominate the market. The market is showing an increase in growth rate due to constructive forces from internal and external market forces. Certain areas of the market are expected to gain absolute dominance in the market due to improved strategies. Market-absorbed costs are easily handled, creating room for market expansion.

• May 2022 - ProAmpac announced the acquisition of Specialty Packaging, Inc., a family-owned manufacturer of specialty packaging products in paper, film, and foil for the fast food and hospitality industries. The addition of Specialty Packaging's complementary product portfolio and manufacturing capabilities will extend ProAmpac's reach to food service customers and expand its footprint in the Southwest United States.
• August 2021 - Amcor has announced plans to construct two new state-of-the-art innovation centers. The new facilities in Belgium, and China. The company will welcome customers from mid-2022 and fully extend over the next two years. The total investment is expected to be approximately USD 35 million.