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
Companies & Associations

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

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Kautex showing off an extrusion blow molding machine at NPE

March 25, 2015 6:00 am ET

After 80 years in business, Kautex Maschinenbau GmbH officials know good old-fashioned word of mouth is often the best way to reach more customers.    More

Image

Fabri-Kal to expand its sustainable packaging with new Idaho plant

March 20, 2015 2:03 pm ET

Thermoformed packaging company Fabri-Kal Corp. plans to tap into Idaho's farming community to expand its sustainable packaging program.    More

Silgan picks Hazelwood, Mo., for plant

March 20, 2015 11:32 am ET

Silgan Plastics has reportedly selected the location of its second new plastics container plant.    More

Image

Advances in barrier injection molding highlighted at NPE

March 17, 2015 10:39 am ET

It's a Holy Grail of plastics: Clear, coinjection molded containers to replace metal cans, the common “tin can” produced by the billions e...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events