State of the U.S. FLEXIBLE PACKAGING

Transcription

1 State of the U.S. FLEXIBLE PACKAGING Industry Report 2018 All data in this report relates to U.S. flexible packaging manufacturing/ production, sales or other operational metrics, unless otherwise indicated. Prepared by the Business & Economic Research Division of the Flexible Packaging Association Admiral Cochrane Drive Suite 105 Annapolis, MD Phone: Fax: Website: Flexible Packaging Association

2 Copyright 2018 by the Flexible Packaging Association. All rights reserved. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, without permission in writing from the Flexible Packaging Association. Address all questions or inquires to the Flexible Packaging Association, 185 Admiral Cochrane Drive, Suite 105, Annapolis, MD (410)

3 TABLE OF CONTENTS INTRODUCTION The U.S. Flexible Packaging Industry...I REPORT METHODOLOGY...III The State of the U.S. Flexible Packaging Industry Report Methodology... III Participants in the FPA State of the Industry Survey... V Participants in the FPA Industry-Wide Converter Information Survey... V EXECUTIVE SUMMARY... 1 U.S. FLEXIBLE PACKAGING INDUSTRY PERFORMANCE... 5 Industry Growth... 7 Survey Respondents Revenue/Volume Expectations... 9 Converters Inventory Profitability Capital Spending Census Bureau NAICS World Perspective MATERIALS AND PROCESSES Materials and Processes Printing Expected Material Usages by Converters for the Next Three to Five Years END-USES Detailed End-Use Data U.S. Census Bureau Retail Segments Data INDUSTRY STRUCTURE U.S. Flexible Packaging Mergers and Acquisitions New Entrants Domestic Buying Leaders Worldwide Mergers and Acquisitions North America Mergers and Acquisitions IMPORTS AND EXPORTS NAFTA Trade by Standard Industry Classification (SIC) Trade Outlook... 41

4 INDUSTRY ISSUES-VISION Industry Vision APPENDIX A: U.S. FLEXIBLE PACKAGING INDUSTRY PERFORMANCE BY NAICS U.S. INDUSTRY GROUPING U.S. Flexible Packaging Industry Product Shipments APPENDIX B: END-USES Bakery and Tortilla Products Cereals and Grains Coffee and Tea Confectionary Products Dairy Fish and Seafood Meat and Poultry Processed Fruits and Vegetables Perishable Prepared Foods Pet and Animal Food Snack Foods Seasonings and Dressings APPENDIX C: EUROMONITOR APPENDIX D: PLANT LOCATIONS APPENDIX E: INDUSTRY STRUCTURE Mergers and Acquisitions Completed in Completed in Flexible Packaging Converters: Summary of Mergers and Acquisitions Announced/ Completed for 2001 to APPENDIX F: IMPORTS AND EXPORTS U.S. Imports and Exports, Top 20 Countries U.S. Imports and Exports, Rollstock and Bags U.S. Import and Export Data, Dollar Value APPENDIX G: INDUSTRY ANALYSTS APPENDIX H: FLEXIBLE PACKAGING EUROPE Presentation from Jan Homan, Flexible Packaging Europe, from the FPA 2018 Annual Meeting

5 EXHIBITS U.S. FLEXIBLE PACKAGING INDUSTRY PERFORMANCE Exhibit 1, Total U.S. Packaging Market % Breakdown by Segment... 5 Exhibit 2, U.S. Flexible Packaging Industry Overview... 6 Exhibit 3, U.S. Flexible Packaging Industry Overview Other Metrics... 6 Exhibit 4, Converter Sales $ Revenue per Employee... 7 Exhibit 5, Dollar Value of Flexible Packaging Product Shipments, Exhibit 6, Growth in the Flexible Packaging Industry Exhibit 7, Flexible Packaging Industry Revenue Growth, % Increase vs Prior Year... 8 Exhibit 8, Converters Sales Revenue ($) Performance 2017 vs 2016 and Expected 2018 vs Exhibit 9, Converters Volume Performance 2017 vs 2016 and Expected 2018 vs Exhibit 10, Suppliers Sales Revenue ($) Performance 2017 vs 2016 and Expected 2018 vs Exhibit 11, Converters Inventory 2017 vs 2016 and 2016 vs Exhibit 12, Converters Inventory in Days Exhibit 13, Profit Before Tax as a % of Net Sales Exhibit 14, Flexible Packaging Business Costs/Expenses Breakdown Exhibit 15, Flexible Packaging Business Costs/Expenses Comparison Exhibit 16, Converters Capital Spending Actuals for 2016 vs 2015 and 2017 vs Exhibit 17, Converters Projected Capital Spending - Spending % for Exhibit 18, Converters Capital Spending Plans for Exhibit 19, Flexible Packaging Industry by NAICS 2017 Estimated Shipment Value Exhibit 20, U.S. Flexible Packaging Industry Product Shipments Exhibit 21, Global Flexible Packaging by Region Exhibit 22, World Flexible Packaging Market 2017 (Converted and Unconverted) MATERIALS AND PROCESSES Exhibit 23, Flexible Packaging Material Purchases for Exhibit 24, Flexible Packaging Film and Resin Use By FPA Survey Respondents Exhibit 25, Converters Paper Use By Category as % Material Used Exhibit 26, Converters Net Scrap as % Materials Used Exhibit 27, Flexible Packaging Industry By Major Processing Categories Exhibit 28, Major Flexible Packaging Structures Sold by FPA Survey Participants Exhibit 29, Major Flexible Packaging Structures Sold by FPA Survey Participants With Rollstock Allocated to Structure Type Exhibit 30, Converters Printing Comparison % of Shipments Exhibit 31, Converter Digital Printing Technology Exhibit 32, Printing in the Flexible Packaging Industry Exhibit 33, Converters Expectations for Future Resin Use Exhibit 34, Converters Expectations for Future Film Use Exhibit 35, Converters Expectations for Future Paper and Foil Use...23

6 Exhibit 36, Converters Expectations for Future Adhesives Use...23 Exhibit 37, Converters Expectations for Future Ink Use...24 Exhibit 38, Converters Expectations for Future Coatings Use...24 END-USES Exhibit 39, U.S. Flexible Packaging Industry Breakdown by End-Use Market Exhibit 40, Converters Market Involvement INDUSTRY STRUCTURE Exhibit 41, U.S. Flexible Packaging Industry Structure by Revenue...31 Exhibit 42, U.S. Flexible Packaging Industry Structure by Company Size Exhibit 43, U.S. Flexible Packaging Domestic Mergers & Acquisitions for Exhibit 44, Flexible Packaging Mergers and Acquisitions Completed in Exhibit 45, Converters Planned Acquisition Activity 2018 and 3-5 Years Out Exhibit 46, Worldwide M&A Activity Exhibit 47, North America M&A Transactions IMPORTS AND EXPORTS Exhibit 48, Dollar Value of U.S. Flexible Packaging Imports and Exports, Exhibit 49, Top 5 Flexible Packaging Countries Importing into the U.S Exhibit 50, Top 5 Flexible Packaging Countries Receiving U.S. Exports Exhibit 51, U.S. Import/Export Data for Flexible Packaging NAFTA Partners Exhibit 52, 2017 Customs Value of Imports and Exports of Flexible Packaging INDUSTRY ISSUES-VISION Exhibit 53, Flexible Packaging Top 2018 Issues Exhibit 54, Converters Most Important 2018 Issues Exhibit 55, Suppliers Most Important 2018 Issues Exhibit 56, Comparison of Top Issues for 2018 for Converters by Company Size APPENDIX A: U.S. FLEXIBLE PACKAGING INDUSTRY PERFORMANCE BY NAICS U.S. INDUSTRY GROUPING Exhibit 57, U.S. Flexible Packaging Industry Product Shipments APPENDIX B: END USES APPENDIX C: EUROMONITOR INTERNATIONAL Exhibit 58, Specific End-Use Comparison of FPA Survey Data vs. Euromonitor Data Exhibit 59, U.S. Total and Flexible Packaging (Retail) Exhibit 60, Percent of Total U.S. Packaging and Flexible Packaging by End-Use Exhibit 61, U.S. Flexible Packaging Unit Volume Growth Potential (Food) APPENDIX D: PLANT LOCATIONS Exhibit 62, Location of U.S. Flexible Packaging Converting Plants,

7 APPENDIX F: IMPORTS AND EXPORTS Exhibit 63, 2017 U.S. Imports of Rollstock and Bags, Top 5 Supplier Countries Exhibit 64, 2017 U.S. Imports of Aluminum Flexible Packaging, Top 5 Supplier Countries Exhibit 65, Top 5 Countries Receiving U.S. Exports of Rollstock and Bags, Exhibit 66, Top 5 Countries Receiving U.S. Exports of Aluminum Flexible Packaging, Exhibit 67, Year 2017 Supplier Countries for U.S. Imports SIC Exhibit 68, Year 2017 Countries Receiving U.S. Exports SIC Exhibit 69, Year 2017 Supplier Countries for U.S. Imports SIC Exhibit 70, Year 2017 Countries Receiving U.S. Exports SIC Exhibit 71, Year 2017 Supplier Countries for U.S. Imports SIC Exhibit 72, Year 2017 Countries Receiving U.S. Exports SIC Exhibit 73, Year 2017 Supplier Countries for U.S. Imports Rollstock and Bags Exhibit 74, Year 2017 Countries Receiving U.S. Exports Rollstock and Bags Exhibit 75, U.S. Import Data (Dollar $ Value of Imports) for Exhibit 76, U.S. Export Data (Dollar $ Value of Exports) for

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