Companiesandmarkets.com

US canned/preserved food packaging market sales suffering a slight decrease

Press Release   •   Jul 16, 2012 11:49 BST

The US canned/preserved food packaging market took a hit to volume sales in 2011, with market sales suffering a slight decrease to 15.8 billion units.

Metal packaging, which has long been the dominant segment within the US canned/preserved food packaging market, declined to only 73% of total packaging in canned/preserved food in 2011. This decline has been on-going as product manufacturers have increasingly expanded to other formats, seeking to stand out in a fairly mature market.

Rigid plastic packaging unit volume sales increased by 3% in 2011, as thin wall plastic containers and other rigid containers continued to experience significant growth within the US canned/preserved food packaging market. US consumers continued to seek out healthier snack options for themselves and their children, leading to an increase in unit volume sales of single-serve thin wall plastic containers in canned/preserved fruit.

Looking ahead to 2016, volume sales within the US canned/preserved food packaging market look set to continue to decline as consumers turn to products perceived as fresher and healthier. As a result, unit volume sales of packaging are likely to decline as well.

Segment wise, liquid carton packaging is expected to experience the strongest growth in the market through 2016, with a CAGR expected to be 12%. However, this growth is an extremely small presence in the category and is unlikely to grow beyond a niche market and a handful of product lines.

More importantly, rigid plastic packaging is expected to see a CAGR of 3% through 2016, thanks to continued expansion of product lines using thin wall plastic containers and other rigid plastic.

For more information on the US canned/preserved food packaging market, see the latest research: US Canned/Preserved Food Packaging Market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.