Amcor, Berry (CONT’D FROM PAGE 41)
ity, is especially well-suited for this shift, said the report. Furthermore, improvements in flexographic technolo- gies, including the creation of low-energy drying systems and better ink formulations, have also increased its envi- ronmental advantages.
businesses. It also optimizes footprint by servicing cus- tomers in more than 140 countries through approximate- ly 400 production facilities, bringing global capabilities to local customers and providing local access and expertise to global brands. There is a combined revenues of $24 billion and adjusted EBITDA of $4.3 billion, including run- rate synergies. The global head office will remain in Zurich, Switzer- land, but the combined company expects to maintain a sig- nificant presence in Evansville, Indiana. Upon completion of the transaction, Amcor’s Board of Directors will expand to 11 directors, four of whom will be nominated by Berry. Flexographic Printing Market Size To Grow To $12.85 Billion By 2032 The flexographic printing market size was valued at $8.8 billion in 2023 and is projected to reach $12.85 billion by 2032, growing at a CAGR of 4.3 percent from 2024 to 2032, according to a new report from SNS Insider. With the rise in environmental consciousness, consum- ers are placing more importance on brands that utilize recyclable, biodegradable, and sustainably sourced ma- terials. This change is pushing companies to modify their production methods to meet sustainability objectives. Flexographic printing, renowned for its speed and flexibil-
In 2023, the wide web segment captured the largest market share of 54 percent. The flexible packaging seg- ment led the market in 2023, holding 44 percent of the market share. Asia-Pacific dominated the flexographic printing market in 2023 with a 36 percent revenue share. The region’s rap- id industrialization and booming packaging sector, partic- ularly in countries like China and India, contribute to this growth. North America is expected to experience the fast- est growth rate in the flexographic printing market, due to technological advancements, a strong packaging industry, and increasing consumer demand for sustainable packag- ing solutions.
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