This U.S. industry comprises establishments primarily engaged in performing one or more of the following activities associated with the manufacturing of packaging materials: (1) cutting and coating paper; and (2) cutting and laminating paper with other flexible materials (except plastics to plastics or foil to paper laminates). The products made in this industry are made from purchased sheet materials and may be printed in the same establishment.
In recent years, the coated and laminated packaging paper and plastics film manufacturing industry (NAICS 322221) has experienced notable qualitative trends driven by several key factors. One prominent trend is the increasing demand for sustainable and eco-friendly packaging solutions. Consumers and regulators alike are pushing for reduced plastic usage, and the industry is responding by developing biodegradable and recyclable materials, as well as incorporating more recycled content into products.
Another trend is the integration of advanced manufacturing technologies, such as digital printing and precision coating techniques. These advancements allow for greater customization and efficiency in production processes, enabling manufacturers to meet the growing need for shorter production runs and more varied product designs without compromising quality.
The rise of e-commerce has also significantly impacted this industry. The need for robust and protective packaging to ensure product safety during shipping has led to innovations in multilayer lamination and enhanced barrier properties. This type of packaging is essential for maintaining product integrity throughout the supply chain, from manufacturers to consumers.
Looking ahead, the industry is expected to continue its focus on sustainability and technological advancement. Companies are likely to invest more in research and development to create packaging solutions that are not only environmentally friendly but also cost-effective. Additionally, the adoption of IoT and smart packaging technologies is anticipated to grow, providing better tracking, inventory management, and consumer engagement possibilities.
Coating purchased papers for packaging applications
Flexible packaging sheet materials (except foil-paper laminates) made by coating or laminating purchased paper
Laminating purchased papers for packaging applications
Waxed paper for packaging applications made from purchased paper
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.