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Five-year outlook on the snack food industry

A new study, “Snack Foods – Packaging and Processing Market Assessment and Trends 2018” by PMMI Business Intelligence, reveal CPG innovation goals and purchasing insights for the next 2-5 years.

Snack Food Market Overview
Snack Food Market Overview

Perspective on innovation:

  • Some CPGs respondents want to see more radical innovation in packaging equipment, feeling that it has been too incremental in recent years.
  • There is common feedback that significant innovation will be required to optimize packaging usage.
    • One CPG long-term goal (even short-term for some), is to tighten primary and secondary packaging around contents to save on materials. Industry experts believe that the primary and secondary packaging processes could somehow be integrated to achieve this goal.
  • Respondents see robotics innovation as important for long-term sales (further out than the next 2-3 years).
    • CPGs hope to see more R&D investment and a more competitive supplier environment (e.g. robotic arms on VFFS machines and robotic pick-and-place fillers).

 

Investment in Machinery:

There is a focus on investments in the following types of equipment in the next 2-3 years, based on unmet needs mentioned by CPG and OEM interviewees, and direct CPG comments relating to investment criteria and goals:

 

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