Demand for U.S. foodservice packaging
is forecast to climb 2.3% per year to nearly $8 billion in 2014, according to a
new study fromThe Freedonia Group,Foodservice
Packaging: Bulk & Portion Control. The report notes that
growth will be driven by rising disposable personal income levels and expanding
foodservice revenues as consumers continue to favor convenient, ready-to-eat
foods that provide a change of pace from meals prepared at
home.
Leading the way in the market is flexible
packaging, which will outpace rigid packaging in growth, expanding nearly 3%
annually to $3.6 billion in 2014. Gains will be bolstered by cost, convenience
and performance advantages over rigid containers. In addition, sustainability
and environmental concerns will support demand for flexible foodservice
packaging.
Pouches are expected to post the
fastest gains of all flexible foodservice packaging types, with growth often coming
at the expense of metal cans. Bags and sacks will remain the dominant flexible
packaging format in foodservice uses.
Rigid
foodservice packaging demand is expected to increase less than 2% per year to
$4.4 billion in 2014. Gains will be limited by loss of share to flexible
alternatives, as well as a moderation in materials pricing, particularly in
metal cans.
However, growth will be supported by
the widespread use of corrugated boxes as shipping containers for a broad range
of food items. In addition, demand will be bolstered by healthy gains for
plastic containers as a result of heightened use of single-serving plastic
condiment containers, which are making inroads at the expense of
portion-control pouches.
Fruits and vegetables; meat,
poultry, seafood and eggs; and baked goods were the three leading applications
for foodservice packaging in 2009, together accounting for more than 60% of the
market. Through 2014, foodservice packaging utilized in specialty processed food
applications will register the most rapid gains based on the increasing
importance of premade food items that can speed food preparation, reduce labor
costs and give the appearance of being made from scratch. In addition,
increasing use of more costly rigid plastic condiment containers will boost
value gains in specialty processed food applications.
Modest growth for U.S. foodservice packaging
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