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.
Supported by Flexible Packaging Europe (FPE), Innoform Coaching organises the first “Inno-Meeting Europe” which will take place in Berlin on 6/7 October 2022. The focus will be on “Flexpack & Climate Change” and the conference language is English. This industry get-together for the flexible packaging and food industry is intended to take place on an annual basis as part of the Inno-Talk concept. Speakers from Europe will discuss and present insights, products and innovations for the entire food packaging sector with a focus on flexible packaging.
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.