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
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
Record price levels for flexible materials as trend continues into 2022
The cost of plastics, aluminium, paper and liquids materials used in flexible packaging reached new, record levels in the first quarter of 2022, maintaining the strong upward surge in prices seen throughout 2021, according to Flexible Packaging Europe (FPE). Continued pressure from soaring energy costs, as well as other external factors, means the dramatic increases seen in the last half of 2021 have now been exceeded.
Read more … Record price levels for flexible materials as trend continues into 2022
Soaring energy costs add more pressure on flexible material prices
The prices of materials often used for flexible packaging continued to accelerate in the final quarter of 2021, due mainly to the spike in energy costs, which began to increase dramatically after August, according to Flexible Packaging Europe (FPE). On-going shortages of some raw materials and supply chain disruption also continue to have an impact on availability and costs.
Read more … Soaring energy costs add more pressure on flexible material prices
Disrupted supply chains and increasing costs continue to challenge flexible packaging production
Raw material price inflation continues to have a major impact for the flexible packaging industry, although the rate of increase eased slightly in Q3 compared with the unprecedented levels seen in the previous three months.