Food container demand set to soar
US demand for food containers is set to rise by 2.5 per cent a year to reach more than 300billion units – valued at $25billion -within four years, according to a new study from research firm The Freedonia Group.
The report Food Containers: Rigid & Flexible predicts that the growth in demand will be fuelled by the growing popularity of single-serving packaging, such as plastic cups and pouches, in a wider range of applications. Plastic containers, bags and pouches are forecast to experience the fastest growth among food container types. The popularity of plastic containers will reflect performance advantages over glass, metal and paperboard alternatives, as well as improved resin and processing technologies, according to the report.