Flexible Packaging Newsletter - Q3 2020

Flexible Packaging Trends

As COVID-19 continues to disrupt U.S. and world markets, the Flexible Packaging Industry has proven to be quite resilient. Many suffering companies are reinventing their business models and finding new methods of production and markets in which to compete. Some pockets of the industry are outperforming the rest of the economy and thriving in this new environment. The particularly strong segments include packaging focused on food, pharmaceutical, and e-commerce. However, companies focused on hospitality, travel, and entertainment have had a terrible eight months.

Overall, the Flexible Packaging Industry has kept up with the general economy. Since the bottom of the stock market in March 2020, TKO Miller’s Flexible Packaging Index is up 55.42% while the Dow Jones Industrial Average is up 49.43%.

This is an impressive recovery from the low levels of March. Taking a longer view, the twelve-month change (Oct-2019 through Sep-2020) in TKO Miller’s Flexible Packaging Index is 5.46% compared to the DJI change of 4.55%, a strong trend in the face of COVID-19.

The hottest trending industry buzzwords for the quarter appear to be “virtual tradeshows,” “mono material,” and “cannabis.”

Recent Flexible Packaging News  

By Joe Froehlich on Oct 14, 2020 9:30:00 AM