focus shifted to planning the process for selecting a successor. “So, saying all that, I feel good about announcing my retirement and working intently to seek FTA’s new president,” he concluded. Among Cisternino’s achievements during his ten- ure with the Association: The creation of the Tech- nical Education Services Team (TEST), FIRST Certi- fication Program and FTA Virtual Campus; as well as the establishment of the Flexo Quality Consor- tium (FQC), Sustainable Green Printing Partnership (SGP), and FTA Strategic Planning Initiative. In 2016, Cisternino was inducted into the FTA Hall of Fame in recognition of his contributions to the Association and flexographic industry. He considers the honor to be the highlight of his lengthy career. Global Gravure Printing Market To Reach $5.5 Billion Amid the COVID-19 pandemic, the global market for Gravure Printing, estimated at US$2.1 billion in 2020, is projected to reach US$5.5 billion by 2027, growing at a Compound Annual Growth Rate of 14.3 percent over the period, according to a new study by Research & Markets. China Grows The U.S. gravure printing market is estimated at US$577.1 million in 2020. China, the world’s sec- ond-largest economy, is forecast to reach a project- ed market size of US$1.3 billion by 2027, trailing a CAGR of 18.9 percent over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9 percent and 12.6 percent, respectively over the 2020-2027 period. Within Europe, Germany is fore- cast to grow at approximately 11.2 percent CAGR. Sealed Air Acquires Foxpak Flexibles Sealed Air Corp. has acquired Foxpak Flexibles Ltd. (Foxpak) under SEE Ventures, its initiative for investing in disruptive technologies and business models to accelerate growth. Foxpak is a privately-owned, Irish packaging converter. Foxpak partners with leading brands to deliver standup and spouted pouches, and sachets that serve a variety of end markets including food retail, pet food, seafood, and snacks. Established in 2001, Foxpak is located in Collon, Ireland, and employs 33 people, serving brands in more than 30 countries. Cisternino Retirement (Cont’d from Page 1)
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