Food Service Packaging Market 2027 with high CAGR in Coming Years with Focusing Key players, Industry Developments, Current Trends By 2027

The Global Food Service Packaging Market is estimated to reach USD 110.4 Billion by 2027 at a CAGR of 4.7 %, says forencis research (FSR).

Food service packaging is used to pack the prepared food or sold for out-of-home consumption and is known for being diversified in the packaging industry. It includes fast food outlets, self-service cafeterias, restaurants, cafés, bistros, ethnic restaurants of every style, hotels of all classes, and motels. Packaging plays a vital role in maintaining food quality and safety during handling and transportation. The foodservice packaging serves both online and offline service stores that serves the number of people all over the globe.

Food Service Packaging Market: Drivers & Restraints

Market Drivers:

Increasing Demand for Convenience Foods

The increasing demand for convenience foods attributes to it requires less energy and less time. Moreover, the aspects that consumers look for convenience foods are packaging, ease to use, nutritional value, safety, variety, and product appeal. Over the past few years, the demand for prepared food has grown dramatically. In the recent survey done by Food and Agriculture Organization(FAO), World Bank, and International Household Survey Network, the food consumption and expenditure were increased by the 27-41%. Thus the increasing convenience foods will increase in the demand of foodservice packaging market during the forecast period.

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Changing Lifestyle

With the rapidly changing lifestyle, the food habits among the people are also changed. Thus, it directly helps to drive the global foodservice packaging market. Many of the families are leaving in the nuclear setup and most of the family members do not have sufficient time to cook the food. Despite the modern cooking devices, the consumers depend on ready-to-cook (RTC) food as it took less time to consume.

Above mentioned factors are expected to drive the demand of the foodservice packaging market, globally during the forecast period.

Market Restraints:

Stringent Government Regulations

Increasing demand for convenience food has led to boost the foodservice packaging market, but it also increases the solid waste streams and poses environmental challenges. Thus most of the countries banned the use of plastic in the food packaging. For Instance, The US government prohibited the use of polystyrene foam in foodservice businesses, owing to it declared as a hazardous substance by the Food and Drug Administration.

This is considered a major threat to humans, wildlife, marine life, food supply, and environmental this may negatively influence the foodservice packaging market growth in the near future.

Food Service Packaging Market: Key Segments

Key Segments by Material Type Include: Plastics, Metals, Paper and Paperboard, Glass
Key Segments by Packaging Type Include: Trays, Bags, Boxes, Cans, Cartons, and Others
Key Segments by Application Include: Fruits & Vegetables, Bakery & Confectionery, Beverages, Poultry & Seafood, Dairy Products, and Others
Key Regions Covered Include: North America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis.

Food Service Packaging Market: Report Scope

The report on the food service packaging market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Food Service Packaging Market include:

Amcor plc (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Genpak, LLC
Huhtamäki Oyj
Bemis Company, Inc.
WestRock Company
BALL CORPORATION
Sealed Air
Reynolds
Berry Global Inc.
DS Smith
Other Key Companies

Food Service Packaging Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Food Service Packaging Market, by Material Type

Plastics
Metals
Paper and Paperboard
Glass

Food Service Packaging Market, by Packaging Type

Trays
Bags
Boxes
Cans
Cartons
Others

Food Service Packaging Market, by Application

Fruits & Vegetables
Bakery & Confectionery
Beverages
Poultry & Seafood
Dairy Products
Others

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Food Service Packaging Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

KEY QUESTIONS ANSWERED BY THE REPORT

What are the emerging manufacturing technologies impacting the global market and its growth?
What are the emerging Printing technologies used for flexible packaging?
What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

INTRODUCTION
RESEARCH DESIGN & SCOPE
EXECUTIVE SUMMARY
MARKET DYNAMICS
INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
FOOD SERVICE PACKAGING MARKET BY MATERIAL TYPE, Market Size in USD Million and Kiloton (2018—2027)
FOOD SERVICE PACKAGING MARKET BY PACKAGING TYPE, Market Size in USD Million and Kiloton (2018—2027)
FOOD SERVICE PACKAGING MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2018—2027)
FOOD SERVICE PACKAGING MARKET BY REGION, Market Size in USD Million and Kiloton (2018—2027)
COMPETITIVE LANDSCAPE
COMPANY PROFILES
APPENDIX

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