New survey results demonstrate optimism in foodservice packaging industry
Industry in North America and Europe forecast growth in year ahead
A strengthening economy and less volatile input pricing could result in a positive year for the foodservice packaging industries in North America and Europe, based on an annual survey conducted by the Foodservice Packaging Institute (FPI, www.fpi.org), the industry’s leading authority.
Results of FPI’s “State of the Industry Survey” found that nearly 85% of foodservice packaging manufacturers in North America expect their sales volume to improve, and almost three quarters expect higher profits in 2013. Respondents were a little less optimistic in Europe, with just over half expecting volumes to increase and about a third anticipating better profits than last year. All the North American raw materials suppliers indicated sales volume growth, but less than half expect higher profits in 2013. It was a similar story for machinery suppliers; two thirds of those respondents predict elevated volume in 2013, with about a third expecting more profit.