PACKAGING
US demand for foodservice packaging defies economic odds / Market expected to reach USD 7.9 bn in 2014 / New Freedonia study
On the back of the popularity of ready-to-eat foods, US demand for foodservice packaging is expected to grow at 2.5% per year, reaching USD 7.9 bn in 2014, a new report by US market researchers Freedonia (Cleveland, Ohio; www.freedoniagroup.com) has found. In 2004, total US foodservice packaging demand still stood at USD 5.4 bn. Flexible packaging applications are expected to grow at 3.3% per year to a total value of USD 3.6 bn in 2014, whereas rigid packaging applications will enjoy growth rates of 1.9%, reaching USD 4.3 bn in five years’ time.
In the flexible food packaging segment, Freedonia predicts that pouches will post the fastest gains, growing at the expense of metal cans. Although rigid packaging increasingly is losing ground to flexible alternatives, the US researchers believe this market segment will profit from the use of corrugated boxes to ship a large range of foods.
The study, titled “Foodservice Packaging: Bulk & Portion Control”, says some 50% of rigid and flexible packaging demand in 2009 emanated from applications used to wrap fruits and vegetables, meat, poultry, seafood and eggs. Another growth driver are baked goods, sold in popular chains like Starbucks and Panera.
In the flexible food packaging segment, Freedonia predicts that pouches will post the fastest gains, growing at the expense of metal cans. Although rigid packaging increasingly is losing ground to flexible alternatives, the US researchers believe this market segment will profit from the use of corrugated boxes to ship a large range of foods.
The study, titled “Foodservice Packaging: Bulk & Portion Control”, says some 50% of rigid and flexible packaging demand in 2009 emanated from applications used to wrap fruits and vegetables, meat, poultry, seafood and eggs. Another growth driver are baked goods, sold in popular chains like Starbucks and Panera.
09.06.2010 Plasteurope.com [216429]
Published on 09.06.2010