Food packaging industry optimistic for future

EUROPEAN PLASTICS NEWS

Published: April 15, 2013 10:18 am ET
Updated: April 15, 2013 10:20 am ET

Related to this story

Topics Packaging

FALLS CHURCH, VA. -- Food packaging manufacturers in North America and Europe are confident that sales volumes will improve, according to a new report from the Foodservice Packaging Institute (FPI).

According to FPI's most recent annual survey, 85 percent of food packaging manufacturers in North American expect volumes to go up, while three quarters in anticipate higher profits.

In Europe, just over half expect an improvement in volumes, even if less than half anticipate higher profits.

Most respondents indicated they will invest in machinery, with more than 70 percent saying they will purchase new models (as opposed to used models) this year. Most who plan to invest say they will buy new machines to increase market share and expand capacity.

When asked what common challenges the industry faces, the respondents listed increasing costs, margin suppression and public perception of packaging as waste.

"What's telling in this year's survey results is that although 'global economic recession or recovery' made the list of common challenges the last four years, it did not this year," said FPI President Lynn M Dyer. "When the economy is strong, restaurants and other eating and drinking establishments flourish — and that means the foodservice packaging industry does well. A brighter economic picture means we're likely to see industry expansion, new markets, product enhancement and innovation."


Comments

Food packaging industry optimistic for future

EUROPEAN PLASTICS NEWS

Published: April 15, 2013 10:18 am ET
Updated: April 15, 2013 10:20 am ET

Post Your Comments


Back to story


More stories

Image

African equity fund invests in Kenya's General Plastics

January 28, 2015 4:24 pm ET

An African investment fund specializing in agriculture has invested in Kenyan packaging firm General Plastics Ltd. to provide funds to expand in the...    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

MonoSol optimistic it can reach new markets with water soluble films

January 26, 2015 4:46 pm ET

MonoSol LLC — riding a wave of growth spurred on by the rapid adoption of water soluble detergent packets in recent years — is looking to ...    More

Image

Oxo-biodegradable lobby slams 'scaremongering'

January 26, 2015 12:16 pm ET

Single-use plastic carrier bags made from biodegradable material should be exempted from the government’s proposed 5p-a-bag levy in England, sup...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events