Foodservice Packaging Suppliers See Sales Rising this Year;Positive Projection Should Have Benefici

NEW YORK - North American manufacturers and suppliers of single-use foodservice packaging are overwhelmingly optimistic about increasing their sales volumes this year compared with last year, according to a survey released by the Foodservice & Packaging Institute, Inc., Falls Church, VA.

The survey shows that more than 80% of the foodservice packing industry expects to exceed last year's sales volumes. Furthermore, more than half of the respondents expect their profits to be better than last year and 59% indicated that their production levels increased last year compared with 2002 by an average of 11%.

This is the second positive survey on disposables and packaging for foodservice that has been released this year. In February, ID Access reported that domestic demand for foodservice disposables was projected to rise 4.3% per year to $14.2 billion in 2007 due, in part, to the growth of away-from-home food expenditures, according to a study conducted by Cleveland-based researcher The Freedonia Group, Inc. (See ID Report

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