Thriving economy boosts blow molded packaging.Mastiogale's most recent blow molding market study reveals modest but improved growth for blow molded consumer packaging. Processors predict that this market will prosper during 2006 and growth will remain healthy over the following two years. At approximately 7.1 billion lb, blow molded consumer packaging represented 64% of total blow molding resin consumed in 2005. With a predicted average annual growth rate (AAGR AAGR Average Annual Growth Rate AAGR Air-to-Air Gunnery Range ) of 6.1%, this market is expected to reach 8.6 billion lb in 2008. PET resin accounts for 60% of the resin in consumer blow molded packaging and HDPE HDPE abbr. high-density polyethylene is almost 34%. PET is growing especially fast at 7.3%/yr. The top five producers of blow molded consumer packaging are Plastipak Packaging, Owens-Illinois, Amcor PET Packaging North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Consolidated Containers Co., and Dean Foods. Soft drinks beat milk Soft-drink bottles are the largest sector of this market, reaching 1.8 billion lb in 2005 and headed for 2 billion lb by 2008 with a 4.2% AAGR. The second largest sector is dairy containers at 1.1 billion lb. With an AAGR of 3.2%, they are predicted to climb to 1.2 billion lb in 2008. Liquid food containers are expected to have average growth of 6.7% and add 232 million lb to its current consumption level of 1.08 billion lb by 2008. Since the economy is predicted to remain healthy, consumers tend to dine out Verb 1. dine out - eat at a restaurant or at somebody else's home eat out eat - eat a meal; take a meal; "We did not eat until 10 P.M. because there were so many phone calls"; "I didn't eat yet, so I gladly accept your invitation" more, thereby increasing demand for bulk liquid food containers utilized by commercial establishments. Juice and non-carbonated beverage bottles reached 1.07 billion lb in 2005 and are predicted to go up 7.0%/yr over the next three years. Increased health consciousness in our society is one factor, as is the introduction of new beverage flavor combinations and single-serve bottles. In fact, single-serve juices and juice-flavored drinks are the largest and fastest-growing sector in barrier PET containers. Water grows fastest Although not the largest beverage bottle market, water bottles are the fastest growing sector of consumer blow molded containers. Water bottles were estimated at 1.02 billion lb in 2005 with an AAGR of 11.7% that would take them to 1.4 billion lb by 2008. The hurricanes of last fall stimulated a surge in demand for water bottles. Growing popularity of flavored water is also spurring growth. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the International Bottled Water Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , single-serve bottles account for over 25% of the water market. Dry foods are a small market representing only 176.2 million lb but are one of the healthiest growth areas with an AAGR of 6.8%. This growth comes from ongoing conversions of glass to plastic, aided by development of new container shapes and bottle decorating techniques. Golden oldies Oldies is a generic term commonly used to describe a radio format that usually concentrates on Top 40 music from the '50s, '60s and '70s. Oldies are typically from R&B, pop and rock music genres. Cosmetic and personal-care containers consumed 566.5 million lb in 2005. An AAGR of 5.4% should add another 97.3 million lb by 2008. One factor is the increasing elderly population and aging baby boomers See generation X. . Those consumers purchase hair dyes, anti-aging skin-care products, and cosmetics to disguise Disguise Dishonesty (See DECEIT.) Abigail enters nunnery as convert to retrieve money. [Br. Lit.: The Jew of Malta] Achilles disguised as a woman to avoid conscription. [Gk. the aging process. Furthermore, producers of travel-sized personal-care containers feel the effects of an improving economy, when more consumers feel they can afford travel and vacations. Pharmaceutical and health-care markets represented 361 million lb of resin in 2005 and are expected to continue to grow 5.1% annually. The aging population contributes to this growth, as does the rising popularity of vitamins and herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. supplements. A healthy economy is necessary to sustain such sales because consumers don't typically purchase herbal supplements (not typically covered by insurance) when income is tight. Mastiogale, based in St. Joseph, Mo., is a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in industrial-consumer opinion research and market trends in the plastics industry. For more information, call (816) 364-6200 or visit www.mastiogale.com/pt/outlook.html. Bart Thedinger Managing Partner Mastiogale |
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