Report Highlights
- The U.S. market for plastic rigid food packaging should increase from about 13 billion pounds in 2007 to an estimated 13.7 billion pounds by the end of 2008. It should reach slightly over 17 billion pounds by 2013, a compound annual growth rate (CAGR) of 4.7%.
- Bottles have the largest share of the rigid food packaging market and are expected to increase from an estimated 7.5 billion pounds in 2008 to nearly 9.5 billion pounds in 2013, a CAGR of 4.8%.
- Significant increase in the use of polypropylene will see the segment increase from an estimated 1.1 billion pounds in 2008 to 1.5 billion pounds in 2013, for a CAGR of 6.6%.
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Report Highlights
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The plastic rigid food packaging market in North America reached about 10.3 billion pounds in 2003 and is expected to increase to more than 13.6 billion pounds by 2008 at an AAGR (average annual growth rate) of 5.8%.
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PET is the dominant resin at 5.8 billion pounds and its use is rising faster than the total market, at an AAGR of 6.4%.
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HDPE, polystyrene and polypropylene come next, with the latter rising at an AAGR of 7.3%.
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Polycarbonate, while representing a small piece of the pie, will rise the fastest at an AAGR of 7.4%, reaching 100 million pounds in 2008.
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New technologies are an important growth factor especially in the areas of barrier bottles and dual-ovenable packaging.
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