More than 70 per cent of food packaging manufacturers will invest in new machinery this year, according to a new survey.
In a poll administered by the Foodservice Packaging Institute (FPI), manufacturers were largely enthusiastic about the year ahead. More than half of the European manufacturers questioned said they expected an improvement in volumes this year. The main reasons cited for investing in new machinery were to increase market share and to expand capacity.
According to prw.com, those questioned listed increased costs, margin suppression and the public perception of packaging as the main challenges.
Speaking to plasticsnews.com, FPI president Lynn Dyer claimed to have noticed a clear change in attitude from respondents in their annual survey.
She explained: “What’s telling in this year’s survey results is that, although ‘global economic recession or recovery’ made the list of common challenges the last four years, it did not this year.
“When the economy is strong, restaurants and other eating and drinking establishments flourish and that means the foodservice packaging industry does well. A brighter economic picture means we’re likely to see industry expansion.”
The survey’s respondents predicted a big rise in demand for single-use packaging, such as those used in supermarkets and fast food restaurants.