Need some appetizing news? No. 3 ranked packaged foods ($896B, +16%; with $13.2B to print, +17%) is the hungriest print buyer. Food inflation, and a cultural return to home cooking (and cookbooks), will abundantly feed folding carton, closure, thermoforming, wrap and roll label producers. The Top 40 food providers will continue to give up a substantial 20% or more share to foreign food marketers, now green fielding into the United States. Barilla, Nong Shim, Bimbo and Weston are among several hundred now-onshore entrants (and new buyers) for domestic packaging and promotional printing.
Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org