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

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that...    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling....    More

Image

Global market for plastic containers to top 46 million metric tons by 2021

July 22, 2014 10:56 am ET

German research company Ceresana has released a study saying that it expects the global market for plastic containers to rise to 46.2 million metric t...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events