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With strong merger and acquisition activity, 2019 was another year of industry consolidation.
Over the past 10 years, the flexible packaging industry has grown from $26.6 billion to $31.8 billion with a cumulative annual growth rate of 2% per year, according to the FPA.
The flexible packaging converting sector continued its strong growth trajectory in 2019, mainly due to increased technological advancements as well as convenience and customization efforts, making flexible packaging preferable to more consumer products than they were historically.
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