June 12, 2008
Wellesley, Mass—According to a new technical market research report, RIGID FOOD PACKAGING (FOD039B) from BCC Research (www.bccresearch.com), the North American market for plastic rigid food packaging will exceed 13.7 billion pounds in 2008. This is expected to increase to over 17.2 billion pounds in 2013, a compound annual growth rate (CAGR) of 4.7%.
The market is broken down into seven major types of plastic including PET, HDPE, polystyrene, polypropylene, LDPE, polycarbonate, SBCs, PVC and other. PET is the dominant resin in the market, reaching over 7 billion pounds in 2007. This is expected to increase to 7.5 billion pounds by the end of 2008, and to 9.5 billion pounds in 2013, for a CAGR of 4.8%.
HDPE has the second largest share of the market, and reached 2.5 billion pounds in 2007. An increase to 2.6 billion pounds is expected by the end of 2008, and to 3.2 million pounds in 2013, for a CAGR of 4.1%.
Polystyrene is expected to increase from an estimated 2 billion pounds in 2008 to 2.4 billion pounds in 2013, for a CAGR of 4.1%. Polypropylene is forecast to experience a CAGR of 6.6% when the market grows from 1 billion pounds in 2007 to a projected 1.1 billion in 2008 and 1.6 billion pounds in 2013.
Source: BCC Research
Rigid Food Packaging ( FOD039B )
Publish Date: May 2008
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