Food packaging and U.S. food contact paper market

 

Hanover chart

 

The Food Packaging and U.S. Food Contact Paper Market report from Hanover Research projects that in 2013 the size of the global food packaging market will increase to $251.8 billion and the size of the North American food packaging market will be $54.4 billion.

 

The report includes secondary research and in-depth interviews with industry experts and contains insights into total market sizing, current trends, as well as end-user and industry market analysis. It provides in-depth analysis into the 1) Global and North American Flexible Food Packaging and 2) Food Contact Paper markets.

 

Key Findings:

  • Visiongain projects that in 2013 the size of the global food packaging market will increase to $251.8 billion. Hanover projects that the size of the North American food packaging market will be approximately $54. 4 billion.
  • Global flexible food packaging consumption is projected to increase by $16.7 million tons in 2016. The end markets that will see the most significant increases in consumption are meat, fish, and poultry; chilled food; and fruits and vegetables.
  • The rise in popularity of flexible packaging for food products is tied to flexible packaging's light weight, the strength of its barrier properties, and efficient use of materials.
  • Packagers cite the cost savings per individual package, improvements in "shelf presence," and better barrier performance.
  • Manufacturers cite decreased operating costs, increased output, and greater flexibility in manufacturing change-over as reasons for this increase in popularity.
  • Hanover estimates the size of the United States food contact paper market to be approximately $7.95 billion, or approximately 3.3 million tons.
  • The size of the food contact paper market with basis weight ranges of 50 to 150 pounds is approximately one million tons and approximately $2 billion.
  • Based on primary research, approximately, Hanover estimates 70 percent of this food contact paper is not poly-coated compared to 30 percent that is poly-coated. Eighty percent is bleached compared to 20 percent that is unbleached.
  • People involved in the food packaging industry expressed that their unmet packaging needs include current food packaging not meeting their size preferences and a dearth of "green," recyclable packaging products.

 

You can view the full report here: Food Packaging and United States Food Contact Paper Market

 

Source: www.hanoverresearch.com

 

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