Flexible Packaging Market Research Report - Forecast to 2023

Flexible Packaging Market Research Report - Forecast to 2023

ID: MRFR/PNT/0645-CRR | March, 2018 | Region: Global | 118 pages | Cooked Research Reports

Global Flexible Packaging Market: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2023


Market Scenario:


Flexible packaging is a rapidly growing segment in the global packaging industry, and it integrates the best qualities of plastic film, aluminum foil, and paper to offer a wide range of protective properties. It can take the shape of a bag, pouch, or any part of a package whose shape can be readily changed. Such packaging is used for various products in consumer as well as industrial applications to protect, market, and distribute a variety of products.


According to the MRFR analysis, the flexible packaging market is swelling at a rapid pace and is anticipated to increase significantly over the forecast period. The global flexible packaging market is estimated to grow at a CAGR of 5.92% during the estimated period (2017-2023).


The flexible packaging market is compelled by several factors such as increased consumption of packed and wrapped foods & beverages. Moreover, environmental benefits of flexible packaging are also stimulating the growth of the market. Flexible packaging contains low raw material consumption, low carbon emission, and comparatively low waste production as compared to conventional packaging formats. It reduces energy usage. For e.g., to produce a pouch for food package needs 75% less energy and produces just 1 /10 of CO2 emissions during manufacturing than a metal can for the equivalent amount of product.


On the basis of the regions, the global flexible packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the 29.41% share of the market in 2016, in terms of value. It is expected to grow at a CAGR of 6.18% during the forecast period. Exponential growth in the packaging industry in Asia Pacific region is the key factor fueling the growth of the market. Increasing number of a supermarket in the region is also likely to boost the demand for flexible packaging products. China, India, Japan, and Thailand are the main contributor to the Asia Pacific market. China accounts for the largest market share in the region due to rapid urbanization and industrial development.


North America is another major flexible packaging market in the globe. Expansion in confectionery, dairy, and medical industry, technological advancement in barrier materials coupled with rising retail business, stand up pouches usage are likely to trigger the industrial growth.


High growth in the retail as well as the pharmaceutical industry is driving the growth of the North American market. Moreover, the region is the hub of major flexible packaging manufacturers such as Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), and Bemis Company Inc. among others. The U.S. accounted for the major share of the North American market.


Segmentation: Global Flexible Packaging Market


For the purpose of the study, the market has been segmented based on material, product, technology, and application. On the basis of the types, the market is segmented into pouches, bags, wraps, and others. The pouches segment accounted for the largest, 36.46% share of the market in 2016, with a market value of USD 85.45 billion and is projected to grow at the highest CAGR of 6.95% during the forecast period. It is most widely used flexible packaging products. It is available in different types such as stand up pouches, retort pouches, and pillow pouches. The stand-up pouches are displaying high growth rate due to high barrier properties against moisture and oxygen coupled with low material usage and cost-effective properties. Bags segment was the second-largest market valued at USD 75.79 billion in 2016.


On the basis of the technology, the market is segmented into flexography, digital printing, and others. Flexography segment accounted for the largest market share of 45.54% in 2016, with a market value of USD 10.6.72 billion and is projected to grow at the highest CAGR of 5.59% during the forecast period. It is a traditional method of printing and is used across various type of substrate, including corrugated cardboard, cellophane, plastic, and metallic film.


Based on the application, the market is segmented into food & beverages, pharmaceuticals, personal Care, and others. The food & beverages segment dominates the global flexible packaging market with 38.16% share in 2016, in terms of value. It is expected to grow at a CAGR of 6.12% during the forecast period. Increase in population along with disposable income in countries such as China, India, and Brazil, has led to a growth in the demand for good quality packaged food.


Hence, Global Flexible Packaging Market is expected to reach USD 342.85 billion by the end of the forecast period at CAGR of 5.92%.


The prominent players in the flexible packaging include Amcor Limited (Victoria), Constantia Flexibles Group GmbH (Austria), Mondi Group (Johannesburg), Sealed Air Corporation (North Carolina), Sonoco Products Company (U.S.), Coveris Holdings S.A. (U.S.), Huhtamaki Group (Finland), Bemis Company Inc. (U.S.), and Ampac Holdings LLC (U.S.).

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TABLE OF CONTENTS

2.1 Definition 14


2.2 Scope of the Study 14


2.3 Assumptions 14


2.4 Market Structure 15

3.1 Research Process 17


3.2 Primary Research 18


3.3 Secondary Research 18


3.4 Market Size Estimation 18


3.5 Forecast Model 20

4.1 Drivers 22


4.1.1 Growing demand from food & beverage industry 22


4.1.2 Innovation in packaging 22


4.1.3 Environmental advantage of flexible packaging 23


4.2 Impact Analysis 23


4.3 Restraints 23


4.3.1 Fluctuation in raw material prices 23


4.3.2 Stringent regulations regarding plastic and recycled materials 24


4.4 Impact Analysis 24


4.5 Opportunities 24


4.5.1 Scope in the Developing Nations 24

5.1 Value Chain Analysis 26


5.2 Porter's 5 Forces Analysis 27


5.2.1 Threat of New Entrants 28


5.2.2 Bargaining Power of Suppliers 28


5.2.3 Bargaining Power of Buyers 28


5.2.4 Threat of Substitutes 28


5.2.5 Rivalry 28

6.1 Introduction 30


6.2 Plastic 30


6.3 Paper 30


6.4 Aluminum 30


6.5 Others 30

7.1 Introduction 33


7.2 Pouches 33


7.3 Bags 33


7.4 Wraps 33


7.5 Others 33

8.1 Introduction 36


8.2 Flexography 36


8.3 Digital Printing 36


8.4 Others 36

9.1 Introduction 39


9.2 Food & Beverages 39


9.3 Pharmaceuticals 39


9.4 Personal Care 39


9.5 Others 39

10.1 Introduction 42


10.2 North America 43


10.2.1 U.S 46


10.2.2 Canada 48


10.3 Europe 50


10.3.1 Germany 52


10.3.2 U.K. 54


10.3.3 France 56


10.3.4 Spain 58


10.3.5 Italy 60


10.3.6 Rest of Europe 62


10.4 Asia-Pacific 64


10.4.1 China 67


10.4.2 Japan 69


10.4.3 India 71


10.4.4 Rest of Asia-Pacific 72


10.5 Rest of World 75


10.5.1 South America 77


10.6 Middle East & Africa 79


11.1 Competitive Landscape 82


11.1.1 Merger and Acquisition 83


11.1.2 Expansion 84


11.1.3 New Product Development 84


11.1.4 Partnership and Collaboration 84

12.1 Amcor Limited 85


12.1.1 Company Overview 85


12.1.2 Financial Overview 85


12.1.3 Product/Service Offering 86


12.1.4 Strategy 87


12.1.5 Key developments 88


12.1.6 SWOT Analysis 88


12.2 Constantia Flexibles Group GmbH 89


12.2.1 Company Overview 89


12.2.2 Financial Overview 89


12.2.3 Product/Service Offering 90


12.2.4 Strategy 91


12.2.5 Key developments 92


12.3 Mondi Group 93


12.3.1 Company Overview 93


12.3.2 Financial Overview 93


12.3.3 Product/Service Offering 95


12.3.4 Strategy 95


12.3.5 Key developments 96


12.4 Sealed Air Corporation 97


12.4.1 Company Overview 97


12.4.2 Financial Overview 97


12.4.1 Product/Service Offering 98


12.4.2 Strategy 98


12.4.3 Key developments 99


12.4.4 SWOT Analysis 99


12.5 CellPack Packaging 100


12.5.1 Company Overview 100


12.5.2 Financial Overview 100


12.5.3 Product/Service Offering 100


12.6 Sonoco Products Company 101


12.6.1 Company Overview 101


12.6.2 Financial Overview 101


12.6.3 Product/Service Offering 102


12.6.4 Strategy 102


12.6.5 SWOT Analysis 103


12.7 Coveris Company 104


12.7.1 Company Overview 104


12.7.2 Financial Overview 104


12.7.3 Product/Service Offering 106


12.7.4 Strategy 106


12.7.5 SWOT Analysis 107


12.8 Huhtamaki Group 108


12.8.1 Company Overview 108


12.8.2 Financial Overview 108


12.8.3 Product/Service Offering 109


12.8.4 Strategy 110


12.8.5 SWOT Analysis 111


12.9 Bemis Company Inc. 112


12.9.1 Financial Overview 112


12.9.2 Product/Service Offering 113


12.9.3 Strategy 113


12.9.4 SWOT Analysis 114


12.10 Ampac 115


12.10.1 Financial Overview 115


12.10.2 Product/Service Offering 115


12.10.3 Strategy 115


12.11 Flair Flexible Packaging Corporation 117


12.11.1 Financial Overview 117


12.11.2 Product/Service Offering 117


12.11.3 Strategy 117


TABLE 1 MARKET SYNOPSIS 13

TABLE 2 GDP PER CAPITA IN DEVELOPING NATIONS (USD) 25

TABLE 3 GLOBAL FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 31

TABLE 4 GLOBAL FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 34

TABLE 5 GLOBAL FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 37

TABLE 6 GLOBAL FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 40

TABLE 7 GLOBAL FLEXIBLE PACKAGING MARKET, BY REGION, 2015–2023 (USD BILLION) 43

TABLE 8 NORTH AMERICA: FLEXIBLE PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 43

TABLE 9 NORTH AMERICA: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 44

TABLE 10 NORTH AMERICA: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 44

TABLE 11 NORTH AMERICA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 45

TABLE 12 NORTH AMERICA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 45

TABLE 13 U.S.: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 46

TABLE 14 U.S.: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 46

TABLE 15 U.S.: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 47

TABLE 16 U.S.: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 47

TABLE 17 CANADA: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 48

TABLE 18 CANADA: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 48

TABLE 19 CANADA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 49

TABLE 20 CANADA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 49

TABLE 21 EUROPE: FLEXIBLE PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 50

TABLE 22 EUROPE: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 50

TABLE 23 EUROPE: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 51

TABLE 24 EUROPE: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 51

TABLE 25 EUROPE: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 52

TABLE 26 GERMANY: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 52

TABLE 27 GERMANY: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 53

TABLE 28 GERMANY: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 53

TABLE 29 GERMANY: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 54

TABLE 30 U.K.: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 54

TABLE 31 U.K.: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 55

TABLE 32 U.K.: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 55

TABLE 33 U.K.: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 56

TABLE 34 FRANCE: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 56

TABLE 35 FRANCE: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 57

TABLE 36 FRANCE: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 57

TABLE 37 FRANCE: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 58

TABLE 38 SPAIN: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 58

TABLE 39 SPAIN: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 59

TABLE 40 SPAIN: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 59

TABLE 41 SPAIN: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 60

TABLE 42 ITALY: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 60

TABLE 43 ITALY: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 61

TABLE 44 ITALY: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 61

TABLE 45 ITALY: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 62

TABLE 46 REST OF EUROPE: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 62

TABLE 47 REST OF EUROPE: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 63

TABLE 48 REST OF EUROPE: FLEXIBLE PACKAGING MARKET, BY PRINTING MATERIAL, 2015–2023 (USD BILLION) 63

TABLE 49 REST OF EUROPE: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 64

TABLE 50 ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 64

TABLE 51 ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 65

TABLE 52 ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 65

TABLE 53 ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 66

TABLE 54 ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 66

TABLE 55 CHINA: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 67

TABLE 56 CHINA: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 67

TABLE 57 CHINA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 68

TABLE 58 CHINA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 68

TABLE 59 JAPAN: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 69

TABLE 60 JAPAN: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 69

TABLE 61 JAPAN: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 70

TABLE 62 JAPAN: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 70

TABLE 63 INDIA: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 71

TABLE 64 INDIA: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 71

TABLE 65 INDIA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 72

TABLE 66 INDIA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 72

TABLE 67 REST OF ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 73

TABLE 68 REST OF ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 73

TABLE 69 REST OF ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 74

TABLE 70 REST OF ASIA-PACIFIC: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 74

TABLE 71 ROW: FLEXIBLE PACKAGING MARKET, BY REGION, 2015–2023 (USD BILLION) 75

TABLE 72 ROW: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 75

TABLE 73 ROW: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 76

TABLE 74 ROW: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 76

TABLE 75 ROW: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 77

TABLE 76 SOUTH AMERICA: FLEXIBLE PACKAGING MARKET, BY MATERIALS, 2015–2023 (USD BILLION) 77

TABLE 77 SOUTH AMERICA: FLEXIBLE PACKAGING MARKET, BY PRODUCTS, 2015–2023 (USD BILLION) 78

TABLE 78 SOUTH AMERICA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 78

TABLE 79 SOUTH AMERICA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 79

TABLE 80 MIDDLE EAST & AFRICA: FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 79

TABLE 81 MIDDLE EAST & AFRICA: FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2015–2023 (USD BILLION) 80

TABLE 82 MIDDLE EAST & AFRICA: FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2015–2023 (USD BILLION) 80

TABLE 83 MIDDLE EAST & AFRICA: FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 81


FIGURE 1 RESEARCH PROCESS OF MRFR 17

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19

FIGURE 3 DRIVERS, RESTRAINTS AND TRENDS OF GLOBAL FLEXIBLE PACKAGING MARKET 21

FIGURE 4 GROTH RATE OF BEVERAGE PACKAGING, BY REGION, 2012-2017 (%) 22

FIGURE 5 GROWTH DRIVERS: IMPACT ANALYSIS 23

FIGURE 6 GROWTH BARRIERS: IMPACT ANALYSIS 24

FIGURE 7 PORTER'S 5 FORCES ANALYSIS OF GLOBAL FLEXIBLE PACKAGING MARKET 27

FIGURE 8 GLOBAL FLEXIBLE PACKAGING MARKET SIZE, BY MATERIAL, 2015-2023 (USD BILLION) 31

FIGURE 9 GLOBAL FLEXIBLE PACKAGING MARKET, BY PRODUCT, 2016 VS 2023 (USD BILLION) 34

FIGURE 10 GLOBAL FLEXIBLE PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2016 VS 2023 (USD BILLION) 37

FIGURE 11 GLOBAL FLEXIBLE PACKAGING MARKET, BY APPLICATION, 2016 VS 2023 (USD BILLION) 40

FIGURE 12 GLOBAL FLEXIBLE PACKAGING MARKET, BY REGION, 2016 VS 2023 (USD BILLION) 42

FIGURE 13 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL FLEXIBLE PACKAGING MARKET, 2014-2016, (%) 82

FIGURE 14 MERGER AND ACQUISITION: % SHARE BY KEY PLAYERS, 2014-2016, (IN %) 83

FIGURE 15 EXPANSION: % SHARE BY KEY PLAYERS, 2014-2016, (IN %) 84

FIGURE 16 AMCOR LTD. : TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 85

FIGURE 17 AMCOR LTD.: GEOGRAPHIC REVENUE MIX, 2015 (%) 86

FIGURE 18 SEALED AIR CORPORATION : TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 89

FIGURE 19 SEALED AIR CORPORATION: GEOGRAPHIC REVENUE MIX, 2015 (%) 90

FIGURE 20 SONOCO: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 92

FIGURE 21 SONOCO: GEOGRAPHIC REVENUE MIX, 2016 (%) 93

FIGURE 22 COVERIS: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 95

FIGURE 23 COVERIS: GEOGRAPHIC REVENUE MIX, 2016 (%) 96

FIGURE 24 HUTAMAKI GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 99

FIGURE 25 HUTAMAKI GROUP: GEOGRAPHIC REVENUE MIX, 2016 (%) 100

FIGURE 26 BEMIS COMPANY INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 103

FIGURE 27 BEMIS COMPANY INC.: GEOGRAPHIC REVENUE MIX, 2016 (%) 104

FIGURE 28 CONSTANTIA FLEXIBLE GROUP GMBH : TOTAL REVENUE (USD MILLION) 106

FIGURE 29 CONSTANTIA FLEXIBLE GROUP GMBH: GEOGRAPHIC REVENUE MIX, 2015 (%) 107

FIGURE 30 MONDI GROUP : TOTAL REVENUE (USD MILLION) 110

FIGURE 31 MONDI GROUP: GEOGRAPHIC REVENUE MIX, 2015 (%) 111