Global demand for flexible packaging is projected to reach $210 billion in 2015, and forecast to grow at an annual average rate of 3 percent, reaching $248 billion in 2020, according to a new market report by Smithers Pira.
The Freedonia report, “Meat, Poultry & Seafood Packaging, Industry Study with Forecasts for 2019 & 2024,” published in April 2015, projects strengthening demand for single-portion and smaller sizes, as well as convenient prepared foods.
Recently, I was talking to a longtime packaging guy about microwave packaging and asked him if he thought the segment today is where, five years ago, he believed it would be.
Sustainability is top of mind for the meat industry, both for improving efficiency and managing resources. Demonstrating a commitment to sustainability can also be good for the bottom line.
The U.S. meat market was valued at approximately $68 billion in 2013 and is projected to reach $84 billion by 2018, according to Canadean’s 2015 “Consumer and Market Insights: Meat Market in the U.S.” report.