Smithers Pira Coffee
The report, The Future of North American Food and Drink Packaging to 2022, identifies market size, product requirements and influential trends that are impacting future demand. Forecasts for the five-year period ending in 2022 are also included.
Findings from this report show:
- Food and drink consumption in the North American region was reached 514.55 million tons in 2016, increasing 5.3% since 2012. Between 2016 and 2022, consumption is forecast to expand by 7.1%, reaching 551.32 million tons.
- In 2016, the US accounted for almost 68% of total North American food and drink consumption, with volume growth averaging less than 1% per annum since 2012.
- Within the last year, sales of packaged products were reached 376.94 million tons, which equates to over 73% of the total food and drink market. This figure is forecast to reach almost 76% by 2022, 417.14 million tons.
- Volume sales of hot beverages across the US and Canada were worth more than 1.59 million tons in 2016, having risen by an annual average of 1.1% since 2012. Coffee dominates the hot beverage consumption sales in these regions.
- With sales worth over 1.16 million tons, the US accounted for over 73% of total consumption of hot beverages in North America during 2016.
- Consumption of packaging for hot beverages was worth 6.24 billion units in 2016, up by over 4% from 2012. By 2022, market volume is forecast to have increased by 11.8%, to 6.98 billion units.
For more information about The Future of North American Food and Drink Packaging to 2022, click here.
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