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

Michigan thermoformer moving into larger location

February 25, 2015 4:04 pm ET

Thermoformer Display Pack Inc. has purchased a large manufacturing building in Cedar Springs, Mich.    More

Image

Tekni-Plex buying Galazzi pharmaceutical film and tape units

February 25, 2015 3:13 pm ET

Italy's Tekni-Plex Europe NV, a subsidiary of U.S.-based Tekni-Plex Inc., has announced that its plan to acquire Gallazzi SpA's Italian-based...    More

Image

Referendum on bag ban going to California voters

February 24, 2015 6:34 pm ET

California's voters, not legislators, will be the ones to ultimately decide on the state's plastic bag ban.    More

Image

US film recycling leaps 11 percent

February 24, 2015 9:00 am ET

UPDATED — Post-consumer plastic film packaging recycling jumped 11 percent year-over-year, according to new findings from the American...    More

Image

Technology helped Cosmetic Specialties solve tool room problems

February 24, 2015 1:10 pm ET

LAKE LAS VEGAS, NEV. — A private equity guy now loves running an injection molding factory.    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