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US demand for foodservice packaging defies economic odds

from Plasteurope

On the back of the popularity of ready-to-eat foods, U.S. demand for foodservice packaging is expected to grow at 2.5 percent per year, reaching $7.9 billion in 2014, a new report by US market researchers Freedonia has found. In 2004, total US foodservice packaging demand still stood at $5.4 billion. Flexible packaging applications are expected to grow at 3.3 percent per year to a total value of $3.6 billion in 2014, whereas rigid packaging applications will enjoy growth rates of 1.9 percent, reaching $ 4.3 billion in five years' time. more

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