Revere Group (Cont’d from Page 9)
Industry Events
from consumers about the impact on the environ- ment of plastic packaging. The company offers pouches that are printed on more eco-friendly films with higher recyclability either due to the compo- sition of the material itself or the mono-material laminated structure. With the combination of oneECG printing and Di- giFlexo automation, Revere is also supporting sus- tainability goals by wasting less materials in pro- duction through ultra-fast setups and changeovers. Furthermore, the process uses only CMYK+OGV inks, which stay in the press between jobs, report- edly saving time and speeding up time to market for customers, because more jobs can be run in a shorter amount of time. FPA Publishes State Of The Industry Report The Flexible Packaging Association’s (FPA) 2022 State of the Flexible Packaging Industry Report pro- vides industry converters, suppliers, investors, and analysts with insight into the performance of the U.S. flexible packaging industry over the past year. The U.S. flexible packaging industry is estimated to be $39 billion in sales for 2021, up from $34.8 billion in 2020, and industry volume is estimated to be 27 billion pounds of shipments in 2021. The focus of the report is on the segment of the industry that adds significant value to flexible ma- terials, usually by performing multiple processes, such as printing, laminating, coating, extrusion, and bag/pouch manufacturing. This segment of the in- dustry is estimated to be $29.5 billion for 2021 and does not include retail shopping bags, consumer storage bags, or trash bags. Key Findings: • Flexible packaging represents approximately 20 percent of the total $184.65 billion U.S. packaging industry and is the second largest packaging seg- ment behind corrugated paper. • Films and resins account for the largest input spend for converters with those two categories ac- counting for more than two-thirds of material pur- chases. • 2021 saw a record number of merger and acqui- sition activity with 62 transactions recorded. • Imports and exports each jumped an estimated 18 percent. • FPA converter and supplier members ranked “Labor/Talent” as the industry’s biggest issue for 2022.
Labelexpo Americas September 13-15, 2022 Donald E. Stephens Convention Center Rosemont, IL
FTA Fall Conference October 11-13, 2022 Covington, KY
TLMI Annual Meeting October 16-19, 2022 Scottsdale, AZ
TLMI Committee Meeting November 30-December 2, 2022 Orlando, FL
TLMI Converter Meeting March 12-14, 2023 Converter Meeting Vinoy Renaissance St. Petersburg Resort St. Petersburg, FL
FTA Forum April 16-19, 2023 Hilton Columbus Downtown Columbus, Ohio Labelexpo Europe September 11-14, 2023 Brussels Convention Center Brussels, Belgium TLMI Annual Meeeting October 15-17, 2023 The Broadmoor Colorado Springs, CO
Flexo Market News September 12, 2022 13
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