Prices for Flexible Packaging materials have passed their peak but remain above their long-term trends
Having peaked midway through 2022 the basket of flexible packaging materials used to measure price levels have continued to decline in Q3 2023, following the trend seen in the first half of the year. While they are all still above the benchmark price set in Q4 2020 (100%) most have dropped by about 10% to 20% since the previous quarter, according to figures recently released by Flexible Packaging Europe (FPE).
Officers re-elected to serve another term in 2023/5 at Flexible Packaging Europe
At its summer conference, held this year in Thessaloniki, the members of Flexible Packaging Europe (FPE) re-elected Jakob A. Mosser to the Chair. He was first elected in 2020. Also continuing their terms of office are Vice-Chairs Michele Guala and Michael Zacka.
Read more … Officers re-elected to serve another term in 2023/5 at Flexible Packaging Europe
Whilst Flexible packaging material prices ease from recent highs, they remain well above 2020 levels
Following the first signs of cooling prices for flexible packaging materials seen at the end of 2022, the first quarter of 2023 saw a drop across the basket of materials, with only aluminium foil ticking up further (from 179% to 187% v Q4 2020)* due to higher conversion costs.
Last quarter of 2022 sees only slight relief in prices for flexible packaging materials
The last three months of 2022 saw declines in the price of some flexible packaging materials, as demand stabilised amid continued uncertainty about the global economic outlook and energy costs. After the peaks mid of 2022, most substrate prices registered single digit declines, according to figures released recently by Flexible Packaging Europe (FPE).
Read more … Last quarter of 2022 sees only slight relief in prices for flexible packaging materials
Executives from the flexible packaging industry get together in Düsseldorf in May 2023
Registration for 3rd Global Flexible Packaging Executive Forum at interpack now open!
Read more … Executives from the flexible packaging industry get together in Düsseldorf in May 2023
Raw Material prices for flexible packaging in Q3 remain high
Following two quarters of surging prices in the first half of 2022, flexible packaging raw material prices stabilised in Q3, although energy prices have increased significantly across the region. According to Flexible Packaging Europe (FPE) growing economic uncertainty has affected demand from both converters and end users as consumers are being more cautious due to high inflationary pressures across a range of packaged goods.
Read more … Raw Material prices for flexible packaging in Q3 remain high