Growing demand for convenience food and technical advances in packaging will be two of the main drivers behind US demand for frozen food packaging reaching almost $7bn in 2013, according to a new report.
The research by US-based industry consultants Freedonia Group also forecasts that prospects will boosted by a “healthy pace” of product development, rising interest in ethnic cuisine and increasing use of microwave ovens in cooking.
The report, Frozen Food Packaging, forecasts 3.7 per cent year–on-year growth over the next four years to $6.8bn.
Especially the growth of flexible packing during would be marked, rising from $2.055bn in 2008 to $3.160bn by the end of the review period – an annual growth rate of 6.3 per cent.
The report also states frozen vegetables will fail to realise the same growth as the overall market for frozen foods due to competition from fresh alternatives and the maturity of market.
US demand for Frozen Food Packaging in 2013 close to 7bn
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