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update:Apr 23, 2007
Poultry packaging up 2.5% every year
The Fredonia Group, a publisher of market research,
reports that US demand for packaging used for meat, poultry and seafood will
exceed US$8.1billion by 2011, partially driven by the trend towards convenience
foods.
US$165 billion of meat, poultry and seafood is expected to be shipped in
2011. This compares with the industry worth $112 billion 10 years ago.
The report claims that consumer trends toward healthier eating habits are
expected to push packaging for poultry by 2.5% every year, to $2.9 billion in
2011.
The lower cost of poultry, combined with a predicted stream of
higher-margin products designed for growing consumer demand for food packaged in
convenience are expected to fuel growth.
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Editor WorldPoultry
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