News

Rigid food packaging: high growth predicted

The North American market for plastic rigid food packaging is expected to grow at an average annual rate of 5.8% th...


Print this page

September 3, 2004 by Canadian Plastics

The North American market for plastic rigid food packaging is expected to grow at an average annual rate of 5.8% through 2008, according to a soon-to-be-released report from Business Communications Company, Inc. The total market is expected to grow to 13.6 billion lb. in 2008, up from 10.3 billion lb. in 2003.
PET, the most widely-used resin, is expected to grow at an average annual rate of 6.4%; while polypropylene is predicted to grow at 7.3%. Polycarbonate, while representing the smallest segment of rigid food packaging resins, will see the highest growth, 7.4%, reaching 100 million lb. in 2008. New technologies, especially in the areas of barrier bottles and dual-ovenable packaging, are driving much of this growth.
The complete report can be purchased from Business Communications Company, Inc., based in Norwalk, CT.