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.
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.
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).
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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.
The members of Flexible Packaging Europe (FPE) welcome the consideration of the agri-food supply chain as “societally-critical” in the “Save Gas for a Safe Winter” initiative by the EU Commission and its Member States. Packaging is an integral part of this chain as recently outlined by Copa-Cogeca, Primary Food Processors, and FoodDrinkEurope. Other “societally-critical” value chains, such as the pharmaceutical and medical sectors, also rely on flexible packaging to ensure patients can access those products.