ePac Flexible Packaging, an all-digital flexible packaging converter, has purchased 10 additional HP Indigo 20000 digital presses to expand operations across the US through mid-2019. The new order quadruples production capacity for ePac and is the largest packaging deal for HP to date.
The purchase is ePac’s second expansion with the HP Indigo 20000 flexible packaging press since launching 18 months ago with one HP Indigo unit. ePac currently uses three HP Indigo 20000 digital presses in Madison, Wisconsin, and Boulder, Colorado, and the 10 new units will be deployed coast-to-coast in new facilities opening in Los Angeles, Houston, Chicago and Miami.
‘ePac helps simplify how brands of all sizes buy flexible packaging. Rapid turnaround time, low minimums, customization, graphics quality, and the ability to print to demand differentiate ePac from conventional flex pack converters,’ said Jack Knott, CEO, ePac Flexible Packaging. ‘Printing is the core enabling technology we have built ePac on, with the HP Indigo 20000 serving as the foundation of our manufacturing platform. ePac’s collaboration with HP is fundamental to our growth strategy, as we look to adding ePac sites in the months ahead.’
ePac recently entered an agreement with Karlville to establish a digital flexible packaging facility at Karlville’s Miami, Florida headquarters.
‘HP Indigo digital printing technology means greater flexibility for brands and entrepreneurs, and a more meaningful connection for their consumers,’ said Santi Morera, global head of graphics solutions business at HP. ‘HP is thrilled to play an integral role in ePac’s rapid rise to success over the past two years – and with today’s purchase, it’s a relationship we support proudly in the months and years to come.’
Smithers Pira forecasts growth in flexible packaging, with digital forecast to increase at more than 17.1 percent CAGR in the five-year period to 2022, when this market is expected to reach more than $750M USD.
‘High-quality printing allows converters to offer new features and functions in flexible packaging to brands and retailers with economic short runs and faster turnaround key advantages. Innovative campaigns are boosting end user engagement and experiences, opening new business opportunities for the early adopters,’ said Sean Smyth of Smithers Pira.
Since its release in 2014, converters around the world have purchased more than 115 HP Indigo 20000 digital presses. The 30-inch (76 cm) HP Indigo 20000 can print virtually any sized flexible packaging application with unlimited variation for growing SKUs.