FDBusiness.com

Freedonia outlines meat, poultry, seafood packaging trends

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Freedonia outlines meat, poultry, seafood packaging trends

Freedonia outlines meat, poultry, seafood packaging trends
June 01
12:08 2013

Flexible, poultry and ready-to-eat packaging will fuel US meat, poultry and seafood packaging sales to 2017, according to a freshly published report from market research firm The Freedonia Group.

The company forecasts total packaging growth will rise by 3.2% a year, from $8.2bn in 2012 to $9.7bn in 2017.

Flexible packaging demand growth will outpace that of rigid packaging, with pouches and high barrier films leading the way, the study, Meat, Poultry & Seafood Packaging, claims.

The growth will also be driven by flexible packaging making inroads into the rigid packaging market due to its greener credentials in terms of reduced material use and significantly lower shipping costs.

In turn, rigid packaging sales will be limited by the maturity of the market and competitive drawbacks in corrugated boxes, metal cans, folding cartons and paperboard sleeves, the report states.

Poultry packaging

Poultry packaging applications will achieve the fastest growth through 2017, according to the study, which it attributes to the “lower cost and a more favourable nutritional profile” of poultry.

“Meat will continue to be the largest application though growth will slightly trail the overall average. While seafood applications will accelerate from their 2007-2012 performance, advances will lag the overall average due to the growing share of seafood demand that is met by imports.”

Ready-to-eat

The fastest growth from 2012-2017 will be recorded by the ready-to-eat market as time-pressed consumers seek an expanded variety of prepared food for takeout, Freedonia states.

“Gains in the fresh and frozen market will be fuelled by the growing significance of case-ready packaging and MAP (modified atmosphere packaging) to extend the shelf life of fresh meat, poultry and seafood.

“In the processed market, advances will reflect an increased emphasis on higher margin items that are designed to offer convenience.”

Increased production

Gains will also be driven by increased meat, poultry and seafood production along with accelerated foodservice revenue growth, the study maintains.

Prospects for packaging will further benefit from the shift to case-ready packaging among grocery retailers, plus growth in smaller and further-processed convenience foods.

“Heightened demand for single portion and other smaller sized products will reflect the significant level of one and two person households in the US as well as efforts among processors and retailers to hold down selling prices, especially in beef.”

 

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements