Snack Food Packaging Demand to Reach $5.6 Billion in 2010
- Published: November 16, 2006, By pffc-online.com
PRESS RELEASE
CLEVELAND, OH—According to a new study by The Freedonia Group, U.S. demand for snack food packaging is projected to advance 3.7% per year to $5.6 billion in 2010. Gains will slightly outpace expected growth in snack product shipments, reflecting changes in food consumption patterns and trends that are changing the way food is packaged. One such trend is the downsizing of package sizes, which increases demand since smaller packages use more packaging relative to their volume than standard-sized products. The growth of club stores will boost demand for larger containers, but this will be offset by the growth of single-serving packs. These and other trends are addressed in “Snack Food Packaging."
Best packaging advances are anticipated for nutrition bars, and flexible packaging will present above-average opportunities, with demand expected to rise 4.3% annually through 2010. Best advances are anticipated for pouches, including stand-up and side seal types, the result of cost, performance, convenience, and differentiation advantages.
| U.S. Snack Food Packaging Demand (million dollars) | |||||
|---|---|---|---|---|---|
| % Annual Growth | |||||
| Item | 2000 | 2005 | 2010 | 05/00 | 10/05 |
| Snack Food Packaging Demand | 3,628 | 4,695 | 5,640 | 5.3 | 3.7 |
| Candy & Confections | 1,221 | 1,540 | 1,830 | 4.8 | 3.5 |
| Bakery Snacks | 1,011 | 1,225 | 1,395 | 3.9 | 2.6 |
| Savory Snacks | 803 | 1,085 | 1,325 | 6.2 | 4.1 |
| Nuts & Dried Fruit | 247 | 325 | 395 | 5.6 | 4.0 |
| Other | 346 | 520 | 695 | 8.5 | 6.0 |
| ©2006 by The Freedonia Group, Inc. | |||||
Flexible packaging will face growing competition from smaller rigid containers such as cups, canisters, and other molded containers . Plastic containers will see the fastest growth among rigid snack packaging products, driven by conversions from glass, metal, and paperboard containers, as well as some inroads into flexible packaging.
"Snack Food Packaging is available for $4,300. See freedoniagroup.com.
