Sales Growth for Foodservice Packaging Providers

A survey was conducted by the Foodservice Packaging Institute which showed that foodservice packaging converters, machinery suppliers, foodservice distributors and operators expect sales growth this year. FPI members expect a huge potential for growth in the fast casual and quick service chain restaurants. Manufacturers also expect to grow their companies by expanding current facilities and constructing new ones. The members do however have some concerns for factors that could affect industry growth.

Here are five common challenges facing the industry:

  1. Increasing raw material costs.
  2. Margin compression.
  3. Public perception of packaging or foodservice packaging as “waste.”
  4. Global economic recession / recovery.
  5. Mergers and acquisitions

To read more statistics about the growth in volume for foodservice operators click here

 

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