Growth Still Seen in Food Packaging

If the forecast by The Freedonia Group is right, by 2013, Americans will use a staggering 300 billion food containers each year. The Group predicts that US demand for food containers will grow by 2.5 percent annually over the next five years to a total value of $25 billion versus $22 billion in 2008.

Demand for bags and pouches has grown by a robust 5.9 percent annually, from $6.9 billion a year in 2003 to $9.3 billion last year.

Despite an anticipated drawnout economic recovery, the demand growth for bags and pouches is expected to be a steady 3.3 percent annually over the next five years.

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