Reports project trends in U.S. packaging: demand for the plastic film used to produce converted flexible packaging will rise 2.8%/yr through 2008.
While polyethylene will remain the film leader, polypropylene is expected to afford the best opportunities. Owing to increasing barrier requirements in food markets, ethylene vinyl alcohol films will likely provide the fastest growth prospects. The slowest increases are anticipated for polyvinyl chloride because of "saturated meat-packaging uses and competition."
Contributing to this growth in demand for converted flexible packaging are technological advances such as breathable films and stand-up pouches, as well as needs for higher-performance packaging with enhanced graphics capabilities. Food-packaging markets will provide above-average opportunities for converted flexible packaging, says Fredonia, as it provides a cost-effective method of protecting food from contamination while enhancing shelf life and marketability.
A second study from Freedonia looks at the market for Foodservice Disposables', which includes packaging designed for single-use portability rather than long-term preservation, projecting that U.S. demand for these products will rise 4.3%/yr to reach $14.2 billion in 2007.
Packaging products--especially lids and wraps--are expected to provide the strongest opportunities for foodservice disposables. Packaging demand will be fueled by growth in the limited-service restaurant segment, growing popularity of takeout food from full-service restaurants, and broader prepared-food offerings from supermarkets. Eating and drinking establishments, which generated two-thirds of foodservice disposable demand, will remain the primary driver of growth in the industry, the report says.
For information on obtaining either of these reports, contact Corinne Gangloffby phone at (440) 684-9600 or visit the Freedonia website at www.freedoniagroup.com.
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|Title Annotation:||Industry News|
|Comment:||Reports project trends in U.S. packaging: demand for the plastic film used to produce converted flexible packaging will rise 2.8%/yr through 2008.(Industry News)|
|Date:||Apr 1, 2004|
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