The Flexible Packaging segment offers a wide range of packaging solutions for consumer products including food, pet food, and hygiene and health care products. The segment serves global markets from production units in Europe, Asia and South America.
The segment has strong market positions globally in tube laminates, especially for toothpaste, as well as in retort laminates for pet food. In addition the segment has a strong position in chocolate packaging in Europe, biscuits and confectionery packaging in India and coffee packaging in Thailand and Vietnam.
Competitive advantages include technical knowhow and high focus on innovation and new product development. The segment has an excellent footprint in emerging markets, especially in South and Southeast Asia.
Annual organic growth potential of the segment is 6-8%.