PRESS RELEASE BY MBD...

UK FOOD & DRINK PACKAGING MARKET RESEARCH REPORT

RELEASED: MARCH 2008

After researching the UK food & drink packaging market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

MARKET REVIEW 2003-2007:

In 2007 the UK market for food & drink packaging is believed to have increased by 2% to £6122.5 million (at MSP). The value of the market is believed to have increased in three of the five years under review, leading to an overall increase of 7% between 2003 and 2007.Market development has been somewhat restricted by the increased focus on environmental issues, partly driven by legislative changes, with the food & drinks industry starting to take active steps to reduce the amount of packaging used and to improve recycling rates. However, this trend has been partly offset by the increased role of packaging in the marketing mix, generating demand in particular for innovative packaging solutions. Furthermore, other factors such as increased demand for convenience food and ready meals, as well as demand for year-round availability of fresh goods, has provided a positive stimulus for the food & drink packaging market.

MARKET FORECAST 2008-2012:

The UK market for food and drink packaging, is anticipated to remain relatively static during the five year forecast period, although an overall moderate downward trend is projected. In 2012, the value of the market is expected to contract by a modest 1% to £6055.6 million (at 2007 prices), which is equivalent to a negligible decline compared with 2007. A more positive market development is expected to be restricted partly due to grocery retailers and food and drinks manufacturers increasing efforts to reduce the amount of packaging used. At the same time, the dynamism of material substitution shows few signs of abating, and it is important to note that this is not a uniform trend towards any single packaging material, although the inertia of customers’ expectations of packaging remains a powerful force in the market.

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