Featured Stories
-
Innovation in Extrusion Barriers Can Reduce Brand Owners’ Dependence on Plastic
According to the most recent statistics from the Environmental Protection Agency1, in 2018 the U.S. produced 35 million tons of plastics, while... -
Tension: The First Thing We Must Get Right
Web tension is arguably the most important parameter for any web process. Tension is the first thing we must get right. -
Principles of Narrow Web Slitting
For those veterans in the slitting-winding community, this commentary is not necessarily new information, but reviews are always good too.
News | New Products
-
TIPA Compostable Packaging Appoints John Wilson as Commercial Director for North America
Packaging and sustainability industry veteran joins TIPA, to drive US adoption of compostable packaging to curb plastic waste
-
INX promotes three to Vice President positions
The Board of Directors at INX International Ink Co. have approved the promotions of three key executive managers to vice president positions.
-
Rogelio Barba Villagran Named Business Development Director for AGH Labels North America
AGH Labels, headquartered in Leon, Mexico, is excited to announce long-time executive, Rogelio Barba Villagran, as its business development director for AGH Labels North America.
-
Hong Kong PrintPack Fairs Open in April
Jointly organized by the Hong Kong Trade Development Council and CIEC Exhibition Company (HK) Limited, the two PrintPack Fairs will be April 27-30, 2024 at AsiaWorld-Expo
-
BioEmitter®- Keeping Corrosion and Rust at Bay in Enclosed Spaces
One of the most important missions of Cortec® Corporation, a global leader in the corrosion protection industry, is environmental responsibility.
-
Fedrigoni Names New Commercial Senior Vice President, Chief Marketing Officer
Fedrigoni — the world’s leading manufacturer of specialty papers, premium self-adhesive materials, RFID and connected solutions
-
SEI integrates Vetaphone on new Labelmaster KyoJet
SEI Laser Converting is based in Buja in the northeast corner of Italy.
Expert Advice
Foodservice Packaging Institute Issues Annual Survey
- Published: April 22, 2015
FALLS CHURCH, VA | The Foodservice Packaging Institute (FPI) has announced its annual survey, reporting that industry growth and sales in 2014 has led the foodservice packaging industry to forecast even greater optimism for 2015 than last year.
Now in its 16th year, the annual State of the Industry Survey included input from foodservice packaging converters, raw material and machinery suppliers, foodservice distributors, and operators. More than 60 FPI members and invited guests, including members of FPI’s sister association, Pack2Go Europe, shared their business growth successes and challenges from 2014. FPI then collected the changes to sales volume and profits, expansion and purchasing plans, opportunities, and challenges.
“FPI’s annual State of the Industry Survey provides an inside look at the industry—how we’re doing and where we’re going,” said Lynn M. Dyer, president of FPI. “It’s encouraging to see so much optimism in this year’s report even though the industry continues to face economic and environmental challenges.”
Nearly 85% of foodservice packaging manufacturers and suppliers experienced growth in volume, and more than 60% reported profit growth in 2014. That’s up from 60% and 50%, respectively, in last year’s survey. This year, nearly three quarters of the industry expect both volume expansion and profit growth. Foodservice operators that responded were also overwhelmingly optimistic, and all predicted sales to increase by year-end.
In another positive sign for the industry, nearly 60% of the North American and European manufacturers reported corporate expansion plans through construction of new facilities, expansion of current facilities, mergers and acquisitions. Three-quarters of North American and European converters also plan to purchase new machinery in 2015.
With regard to growth potential over the next five years, respondents overwhelmingly envision market expansion in the fast casual sector, due to the segment drawing customers from traditional quick service restaurants. Other areas for potential growth include convenience stores and supermarkets/grocery stores.
North American and European converter and supplier respondents highlighted five common challenges facing the industry (ordered from most to least important):
1. Increasing raw material costs
2. Margin compression
3. Environmental activism
4. Public perception of packaging or foodservice packaging as “waste”
5. Recovery/end of life options for foodservice packaging.
This email address is being protected from spambots. You need JavaScript enabled to view it.