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.
- 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