U.S. demand for foodservice packaging to reach US$7.9 billion in 2014
Driven by consumer demands for convenient, ready-to-eat foods, U.S. demand for foodservice packaging is expect...
June 3, 2010 by Canadian Plastics
Driven by consumer demands for convenient, ready-to-eat foods, U.S. demand for foodservice packaging is expected to climb 2.3 per cent per year to nearly US$8 in 2014, according to a new study by Cleveland, Ohio-based market research firm The Freedonia Group.
“Flexible packaging demand will outpace rigid packaging, expanding nearly three per cent per annum to US$3.6 billion in 2014,” the firm’s Foodservice Packaging: Bulk & Portion Control report said. “Pouches are expected to post the fastest gains of all, with growth often coming at the expense of metal cans.”
Concerns about sustainability and environmental friendliness will continue to impact all areas of the packaging industry, benefiting flexible foodservice packaging since such packaging occupies less space in landfills and consumes less material than rigid alternatives.
Growth in rigid foodservice packaging is expected to increase less than two per cent per year to US$4.4 billion in 2014, the report continued, with demand nevertheless bolstered by healthy gains for plastic containers as a result of heightened use of single-serving plastic condiment containers. Demand for plastic containers will also be supported by advantages such as shatter resistance, light weight, design flexibility and effective barrier properties.
For more information about the study, click on this link.