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.
History of The Day
In the second and final day of Operation Millet, the British aircraft carriers HMS Indomitable and HMS Victorious again launch heavy strikes against Nancowry harbor and the airfields on Car Nicobar. In a dogfight with Japanese Nakajima Ki-43 (Allied reporting name “Oscar”) fighters, the British shoot down seven Ki-43 s in exchange for a Hellcat and two Corsairs. - 19th October 1944