Europe’s Flexible Packaging Market Declines Rising raw material costs are expected to augment the value of Europe’s flexible packaging market, following declines in 2009. Europe’s converted flexible packaging market declined by 3 percent in value terms to approximately €10.4 billion in 2009, equivalent to 44.2 billion m2 of materials, according to a report from PCI Films Consulting Ltd. The decline in sales value was primarily associated with the fall in raw material costs, especially in ...