Harpak-ULMA machines top 1B+ in refrigerated snack tray packages annually
Company’s packaging solutions now account for over 50 percent of production in the profitable NA food market segment.
Harpak-ULMA recently announced that its packaging lines are now responsible for producing over 1 billion refrigerated snack tray packages each year in the US and Canada. The company estimates the region's market production in this profitable food industry subsegment at 2 billion snack tray packages per year and growing at a CAGR of 7-9 percent annually. Snacking has been replacing meals as a convenient and healthy option, driving evolution from child-focused snack kits to premium charcuterie meats and cheeses or smaller do-it-yourself salad kits.
Jim Ryan, Harpak-ULMAs’ SVP, believes the market will continue its trend towards more savory snacks as consumer interest in healthier, more convenient options persists. He noted that consumers appear to increasingly prefer snacks that deliver more satiation and fullness, which is often associated with full, savory foods such as cheese and meats. “We’ve been instrumental in helping many of the country’s major producers gain a substantial foothold in this growing market subsegment,” says Ryan. “We help them leverage legacy lower-margin products into high-margin opportunities through innovative and cost-effective high-speed tray packaging.”