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The past ten years has seen significant industry consolidation in the world flexible packaging market, especially at the local and regional level. The top 20 global converters are now estimated by PCI to account for around 40 percent of the world converted flexible packaging* market valued at around $74 billion in 2012.
With a few exceptions, including notably Amcor and Sealed Air, most of these companies continue to operate at a national or regional market level although there is plenty of evidence of others following their multinational brand owner customers and pursuing a global strategy via acquisition and/or green field investment. Important examples include Bemis and Ampac in the U.S. and Huhtamaki in Europe.