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Foodservice packaging Industry survey reveals continued volume, profit growth

Greatest areas for market expansion include fast-casual sector, convenience and grocery stores, catering, and delivery services.

A new survey by the Foodservice Packaging Institute (FPI) has revealed strong industry growth and sales in 2016 and expected volume growth and profit expansion in 2017.

“This year’s State of the Industry Survey forecasts a promising outlook for the foodservice packaging industry and our members,” says Lynn Dyer, President of the Foodservice Packaging Institute.

Compiled from FPI’s annual State of the Industry Survey, results included input from raw material and machinery suppliers, converters, and foodservice distributors and operators. Nearly 60 supply chain partners shared business growth successes and challenges from 2016. FPI also collected the expected changes to sales volume and profits, expansion and purchasing plans, opportunities, and challenges this year.

Nearly 75% of foodservice packaging manufacturers and suppliers reported volume growth, and nearly half reported profit growth last year.

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