Printing Industries of America and the Technical Association of the Graphic Arts announced the cancel- lation of theTAGAAnnual Technical Conference slated for March 15–18 in Oklahoma City, Oklahoma. Acucote , a pressure-sensitive adhesive coating man- ufacturer, expanded its portfolio of stocked label mate- rial for the cannabis industry. Greif, Inc. , Delaware, Ohio, completed its previous- ly announced divestiture of the Consumer Packaging Group business for $85 million in cash to Graphic Packaging Holding Company . Between 2018 and 2028 the global packaging mar- ket is set to expand by almost 3 percent per annum, reaching over $1.2 trillion, according to research by Smithers in The Future of Packaging: Long-Term Stra- tegic Forecast to 2028 . The global packaging market has increased by 6.8 percent from 2013 to 2018. The Paperboard market was valued at $184.64 bil- lion in 2018 and expected to reach $273.19 billion by 2027 at a Compound Annual Growth Rate of 4.5 percent throughout the forecast period from 2019 to 2027, according to a new report from ResearchAnd- Markets.com . Total packaging industry M&A deals in February 2020 worth $781.11 million were announced globally, according to GlobalData ’s deals database.
2020: Year In Review (Cont’d from Page 5)
ALTANA completed the acquisition of the overprint varnish company Schmid Rhyner AG , which was previously part of the Swiss Conzzeta Group. Avery Dennison announced plans to open an RFID manufacturing facility in Brazil in 2021. The move marks Avery Dennison’s first manufacturing facility in Brazil and fifth in the world.The new factory will be located in Vinhedo. Hasnet Label , a Turkish producer of self-adhesive la- bels, acquired a new Nilpeter FA-Line, its fourth from the Danish press manufacturer, adding both capacity and label options to its modernized and eco-friendly factory in Gunesli, Istanbul,Turkey. According to a survey by Mondi of more than 2,000 people aged 16-75 across the United Kingdom, the ma- jority of consumers said they would switch to a differ- ent brand because it uses less packaging than other brands do. Uteco North America hosted an open house at its headquarters in Kennesaw, Georgia, on March 12.The event provided the press manufacturer the opportu- nity to showcase its Crystal flexo press through live demonstrations. Nilpeter announced the launch of the new FA-26 press, which the company said will assist converters in the flexible packaging market.
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Flexo Market News January 4, 2021 7
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