Flexible plastic films are expected to grow in popularity faster than overall plastic in coming years.
PMMI Business Intelligence/AMERIPEN, 2023 Packaging Compass
Flexible plastic films may outpace plastics overall in compound annual growth rate (CAGR), but these materials are a challenge to recycle with current infrastructure, according to PMMI Business Intelligence and AMERIPEN's collaborative report, “2023 Packaging Compass.”
The report says flexible films are expected to grow at an annual CAGR of 4-6%, citing a 2021 report from Mordor Intelligence. In contrast, the average CAGR for plastics overall is about 3-4%, according to a 2022 report from the Flexible Packaging Association.
