Foodservice packaging is used for packaging processed and semi-processed food products. It protects the food from damage, contamination, pest attacks, tampering during transport, storage, and retail sale. There are various types of food packaging such as glass containers, vacuum packaging, tetra pack containers, plastic packaging, in packaging, cardboard packaging, etc. Foodservice packaging provides service in various sectors such as restaurants, fast-food joints, takeaway restaurants, catering services etc.
Rising demand for convenience food among the consumer across the globe is driving the need for food service packaging market. Furthermore, the downsizing of packaging in the developed countries is also projected to influence the foodservice packaging market significantly. Moreover, the increasing demand for sustainable packaging solutions in the food and beverage industry is anticipated to fuel the food service packaging market in the upcoming period. Emerging, advanced technologies in the packaging industry is expected to generate untapped opportunity for the market participants.
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Leading key market players mentioned in the report:-
- Amcor Limited
- Ball Corporation
- Bemis Company, Inc.
- Berry Global, Inc
- DS Smith plc
- Genpak, LLC
- Huhtamaki Oyj
- Reynolds Group Holding
- Sealed Air Corporation
- WestRock Company
The global food service packaging market is segmented on the basis of material, packaging type and application. Based on material, the market is segmented into plastic, metal and others. On the basis of the packaging type the market is segmented into paper & paperboard, flexible, rigid and others. On the basis of the application the market is segmented into beverages, fruits & vegetables, bakery & confectionery, dairy products and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global food service packaging market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food service packaging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting food service packaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the food service packaging market in these regions.
What the report features:-
- Global analysis of Food Service Packaging market from 2019 – 2027 illustrating the progression of the market.
- Forecast and analysis of Food Service Packaging market by Dosage, Route of Administration and Application from 2019 – 2027
- Forecast and analysis of Food Service Packaging market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
The reports cover key developments in the food service packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from food service packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for food service packaging in the global market. Below mentioned is the list of few companies engaged in the food service packaging market.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.