Monday, July 20, 2009

Convenience trend to grow US packaging industry

The packing industry for meat, poultry and seafood in the U.S. will grow to $9 billion by 2013, acccording to an industry study by The Freedonia Group. The report, "Meat, Poultry and Seafood Packaging," attributed the projected growth to an expansion in meat, poultry and seafood production and a change in the way the products are packaged.
Changes in packing practices are expected to reflect a shift from rigid packaging to flexible or case-ready packaging making the food items available in smaller, convenient sizes.
The report pointed out that poultry would achieve better sales than beef due to its lower cost, "favorable nutritional profile and versatility." A growth in sales of ready-to-eat products will also boost performance.
Fresh, frozen, and processed meat, poultry and seafood items are expected to command a greater share of the market than the ready-to-eat products in the same segment. A modest increase in fresh and frozen meat, poultry and sea food items is expected, from $4.49 billion in 2008 to $5.33 billion in 2013.

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