FLEXIBLE PACKAGING
Europe sees strong growth despite economic woes / Slowdown expected for 2011 / PCI Films report
Growth in the European flexible packaging market is continuing despite economic and financial upheaval in some countries, PCI Films Consulting (Guilsborough / UK; www.pcifilms.com) says in its latest report “The European Flexible Packaging Market 2011”. The report points to a sales upswing of 4.7% in 2010 to just over EUR 12.3 bn, with the 6.2% growth in eastern Europe outpacing western Europe’s 4.4% improvement. Much of the higher sales total is attributed to “escalating” raw materials and energy costs, which converters for the most part passed on to customers.
Assuming lower prices for starting materials, the consultants expect 2011 to see a more moderate sales upturn, of 3% on the whole. A decline in real terms is forecast for Portugal and Greece. Consumption is predicted to increase by 1-1.5% this year, boosted by demand for packaging used in pet food, pharmaceuticals, beverage and a number of human food applications.
According to PCI, converted materials accounted for EUR 11 bn of flexible packaging sales in 2010, with 60% of European demand concentrated in six end-use categories: confectionery; fresh and processed meat; cheese and dairy; coffee, dried foods and cereals; baked goods and medical pharmaceutical. Output rose by nearly 4%, with more than 55% of production concentrated in four countries – Germany, France, Italy and the UK. About 8% of production, worth EUR 890m, was exported. Imports from outside Europe, worth EUR 273m, accounted for only 2% of European demand.
Consolidation in the industry continues apace, propelled by private equity transactions. PCI says its report “reveals just how dominant Amcor (Abbotsford / Australia; www.amcor.com) has become” following its acquisition of Alcan Packaging (Paris / France) – see Plasteurope.com of 05.02.2010. It notes that the Australian group is the “overwhelmingly dominant European supplier,” accounting for nearly a quarter of the region’s flexible packaging sales.
The 400-page report also includes profiles of the top 20 European flexible packaging converters and detailed market forecasts up to 2015, along with more than 130 charts and tables.
For more details and to order the report, contact PCI Films Consulting, Tel: +44 1604749001. E-Mail: info@pcifilms.com
Assuming lower prices for starting materials, the consultants expect 2011 to see a more moderate sales upturn, of 3% on the whole. A decline in real terms is forecast for Portugal and Greece. Consumption is predicted to increase by 1-1.5% this year, boosted by demand for packaging used in pet food, pharmaceuticals, beverage and a number of human food applications.
According to PCI, converted materials accounted for EUR 11 bn of flexible packaging sales in 2010, with 60% of European demand concentrated in six end-use categories: confectionery; fresh and processed meat; cheese and dairy; coffee, dried foods and cereals; baked goods and medical pharmaceutical. Output rose by nearly 4%, with more than 55% of production concentrated in four countries – Germany, France, Italy and the UK. About 8% of production, worth EUR 890m, was exported. Imports from outside Europe, worth EUR 273m, accounted for only 2% of European demand.
Consolidation in the industry continues apace, propelled by private equity transactions. PCI says its report “reveals just how dominant Amcor (Abbotsford / Australia; www.amcor.com) has become” following its acquisition of Alcan Packaging (Paris / France) – see Plasteurope.com of 05.02.2010. It notes that the Australian group is the “overwhelmingly dominant European supplier,” accounting for nearly a quarter of the region’s flexible packaging sales.
The 400-page report also includes profiles of the top 20 European flexible packaging converters and detailed market forecasts up to 2015, along with more than 130 charts and tables.
For more details and to order the report, contact PCI Films Consulting, Tel: +44 1604749001. E-Mail: info@pcifilms.com
10.10.2011 Plasteurope.com [220491-0]
Published on 10.10.2011