With a projected compound annual growth rate of 2.9% through 2022, demand for food packaging reflects growth in the U.S. food industry overall, according to Food Packaging Trends & Advances, a report published in September 2015 by PMMI, The Association for Packaging and Processing Technologies, Reston, Va. Globally, growth is even stronger.
With a projected 5.3% annual growth rate, the report positions the dairy category mid-range, stronger than snack foods, but not quite as robust as meat and related products.