5 Surprising trends in food packaging and processing that food industry professionals should know
The Association for Food Packaging and Processing Technologies (PMMI) released a report that should get the food industry on its feet. PMMI conducted interviews with 70 industry professionals to forecast where the market is heading in the coming years.
The news was pretty exciting, and here are 5 reasons why:
Food packaging technology, especially for perishables, will be key to meeting food safety demands.
1. “The overall growth of the food industry is being driven by emerging markets like Argentina, Brazil, China and India.”
It seems as if the United States isn’t doing the heavy lifting by themselves anymore. With other nations getting into the mix, the food industry is growing at a steady rate. Not sure why this is a good thing? More variety will drive competition which in turn makes for better products.
2. “The U.S. food packaging market is expected to grow from 23.9 billion in 2012 to 31.7 billion in 2022.”
Not sure this needs any explanation. But, that’s an increase of 2.9% CAGR. From sea to shining sea, the food industry will break into new territory in the next couple of years. The United States might not be the sole contributor to the food packaging market, but don’t get it wrong, they are still top dog.
3. “80% of respondents are interested in biodegradables, yet few believe the material is ready for them.”
This is surprising. It’s great that people are interested in biodegradables and finding new ways to lessen their carbon footprint. What’s not ideal is that decision makers for big companies don’t realize that these services are available. This comes down to a lack of education. Many companies are focusing their efforts to see this problem. First one to find product-market fit is in for a windfall.
4. “Consumers are tuned into food safety, looking for clear and clean packaging that leaves the food product visible.”
A few high-profile fast food restaurants were recently caught on the wrong side of the food safety debate. Seeing how one company can be impacted by food safety, other companies began to look in the mirror to address the quality of their food. This report found that many food packaging companies are trying to find the best way to provide reassurances that the food is safe.
5. “Active/smart packaging can indicate when a product passes its expiration date, supporting food safety efforts.”
You knew at some point food packaging technology was going to be brought into this report. The individuals surveyed are interested in types of packaging that lessens the possibility of human error. Many respondents directed their solution focus toward QSR codes that can be scanned for information that uses algorithms to determine if the food is of the best quality.
Matthew Katz is a Marketing Associate at BlueCart. BlueCart is a free online and mobile ordering platform that helps restaurants and suppliers simplify their ordering process, strengthen relationships, and gain powerful insight into their business operations. You can learn more at BlueCart.com
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