FINAT Reports On Supply Chain Pressures Following earlier reports by FINAT about the im- pact of the tight supply chain conditions on the industry’s outlook for 2022, the continued union strike in some Nordic paper mills is posing severe lead time problems to European label converters. In recent weeks, reports have been received from around Europe that lead times for paper based la- bel materials (some 70 percent of total European label demand) have increased up to 3 months or more. Some label printers and raw materials suppli- ers have even been forced to prioritize the alloca- tion of deliveries among customers, now that stocks of raw materials are close to being depleted. Essential Component As an essential component of the CPG supply chain, demand for self-adhesive labels and narrow web packaging already peaked during the Covid19 crisis, but with the rapid general economic revival since last year, demand for labels and packaging materials has continued to boom into 2022, as con- firmed by FINAT’s latest RADAR report released in December. The lack of availability of labels and packaging is likely to hit a wide range of final consumer industry sectors such as food and beverages, health and per- sonal care, medical and pharmaceutical products, chemicals, logistics and retail, consumer electron- ics, automotive and other sectors, thereby harming the general economic rebound. Flexible Paper-Packaging Market To Reach $79.1B The global flexible paper-packaging market size is projected to grow from $64.4 billion last year to $79.1 billion by 2026, at a 4.2 percent Compound Annual Growth Rate, according to a new study by Research & Markets. The global flexible paper-packaging industry has witnessed high growth primarily because it is light- er in weight, cost-efficient, and uses less material as compared to other forms of packaging. The growth of the flexible paper-packaging market is attribut- ed to its high efficiency and cost-effective nature. Flexible packaging is particularly useful in indus- tries that require versatile packagings, such as food & beverage, personal-care, home-care, and health- care. However, factors such as high production cost and capital investment of flexible paper packaging may inhibit the growth of the market.
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8 February 14, 2022 Flexo Market News
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