U.S. plastic container industry to hit $30b by 2014: study
Plastic container demand in the U.S. is projected to increase 4.3 per cent annually to US$30.4 billion in 2014...
Plastic container demand in the U.S. is projected to increase 4.3 per cent annually to US$30.4 billion in 2014, creating demand for 13.9 billion pounds of resin, according to a new study by research firm The Freedonia Group.
According to the company’s “Plastic Containers” report, unit advances will outpace growth in the amount of resin consumed as a result of the preference for smaller, single-serving containers and the lightweighting of plastic bottles and other containers in order to lower material costs and achieve a reduced environmental footprint.
“Gains in food uses will benefit from hot-fill processing improvements that will create further opportunities for polyethylene terephthalate (PET) bottles in uses such as sauces and condiments, and processed fruits,” the study concluded.
For more on the “Plastic Containers” report, visit this link.