Global Food Service Packaging Market To Exhibit a Lucrative CAGR By 2027 – Qurate Research
Global Food Service Packaging Market is valued approximately USD 72.91 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.23% over the forecast period 2020-2027. The food service packaging is a packaging that protects food products from contamination caused by microorganisms, moisture, air, and helps catalytic activity in fresh food. It includes products packaging such as cans, bottles, ampules, aerosol containers, jars and wraps etc. Such packaging plays prominent role in maintaining the quality of food during handling and transportation and offers marketing medium to satisfy customer and promote food sales. The global outbreak of COVID-19 impacts in significant growth of market, as many economies announced lockdown to avoid spread of virus and social gatherings.
Therefore, people kept on storing convenient foods and products comes in food service packaging to avoid contamination of such food products, also this packaging store food for longer duration of time in lockdown timeframe. Thus, rising demand for convenient food is driving the growth of market over the forecast years. For instance: as per Statista, the convenience food revenue globally stands for USD 563,881 in 2020, which is expected to grow with 0.3% annually till 2025. In addition, cost effectiveness of food service packaging is the factor propelling the growth of market over the forecast years. However, stringent rules and regulations regarding food service packaging is hampering the growth of market over the forecast years.
Free Sample @ https://www.qurateresearch.com/report/sample/CnM/global-food-service-packaging-market/QBI-BRC-CnM-757563
The regional analysis of global Food Service Packaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising demand for convenient food in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid growth in food & beverage industries along with packaging industries would create lucrative growth prospects for the Food Service Packaging market across Asia-Pacific region.
Major market player included in this report are: Amcor Limited Bemis Company, Inc. Westrock Company Ball Corporation Huhtamaki OYJ Sealed Air Corporation Berry Plastic Corporation. Reynolds Group Holding International Paper Company DS Smith PLC
Buy Updated Report @ https://www.qurateresearch.com/report/buy/CnM/global-food-service-packaging-market/QBI-BRC-CnM-757563/
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material: Plastic
Metal
Others
By Packaging Type:
Paper and Paperboard
Flexible
Rigid
Others
By Application:
Food & Beverage
Fruit & vegetables
Bakery & confectionery
Dairy products
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Food Service Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Want Discount Click here, @ https://www.qurateresearch.com/report/discount/CnM/global-food-service-packaging-market/QBI-BRC-CnM-757563
Global Kraft Paper Market 2021: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2027
Global Kraft Paper Market is valued approximately USD 15.60 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.00% over the forecast period 2020-2027. Kraft paper and paperboards are made up of wood pulp, recycled material and chemicals that offers it high strength and high tear resistance. Due to such properties it is widely used in packaging along with overcoming global environmental concern of using plastics products. Kraft papers has high strength, lightweight, durable and thickness properties which stimulates its demand in packaging of heavy materials. It has wide range of application in producing corrugated boxes therefore, rapid growth in demand of corrugated box packaging across the globe drives the growth of market over the forecast years. For instance: as per Statista, the global corrugated packaging market was USD 237.5 billion in 2017 and is expected to grow up to USD 294.3 billion till 2023.
The global outbreak of COVID-19 also affected the growth of Kraft papers due to the rising demand of such papers in making corrugated box packaging for essential end-use industries such as healthcare and food & beverage. For instance: in March 19, 2020, as per Fiber Box Association, the box industries are continued to operate in America to deliver needed packaging to customers belonging from grocery stores, pharmacies, doctor’s offices and hospitals with food and medical supplies. Also, in March 2020, as per the European Federation of Corrugated Board Manufacturers (FEFCO) supply of raw materials and manufacturing of corrugated box are allowed in Europe during lockdowns to offer transport corrugated packaging for various essential end-use industries such as healthcare and food & beverage. However, lack of favorable government initiatives in underdeveloped countries is the factor hampering the growth of market over the forecast years.
Free Sample @ https://www.qurateresearch.com/report/sample/CR/global-kraft-paper-market/QBI-BRC-CR-757567
The regional analysis of global Kraft Paper market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid demand of kraft papers in various end use industries such as electronics, automotive and healthcare. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising growth in food processing industries would create a lucrative growth prospects for the global Kraft Paper market across Asia-Pacific region.
Major market player included in this report are: International Paper Stora Enso Nippon Paper Group Mondi Group Plc. Sappi Limited Smurfit Kappa Group Tokushu Tokai Paper Co., Ltd. BillerudKorsnäs AB Segezha Group Glatfelter
Buy Updated Report @ https://www.qurateresearch.com/report/buy/CR/global-kraft-paper-market/QBI-BRC-CR-757567/
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Grade:
Bleached
Unbleached
Wrapping & Packing
Sack Kraft Paper
Others
By Packaging Form:
Wraps
Pouches
Envelopes
Grocery Bags
Industrial Bags
Corrugated Box
By Application:
Food & Beverage
Pharmaceuticals
Cosmetics and personal care
Building & construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Kraft Paper Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Want Discount Click here, @ https://www.qurateresearch.com/report/discount/CR/global-kraft-paper-market/QBI-BRC-CR-757567
About Us:
“Qurate Business Intelligence Pvt. Ltd. Is India based knowledge and strategic partner of your organization and profession. Our aim ‘to collaborate’ with each of our client in order to enable them ‘to compete’ with changing times, unending business quagmires and diversified economies around the planet. We clearly understand that ‘charting out growth path ways’ cannot be the only objective behind every action taken by our clients towards gathering information, reliable data figures and noteworthy insights. Keeping this in mind, we deliver comprehensive market peripheral research documents equipped with historic data, recent developments, key trends, company investigations, and industry performance forecast.”
Contact Us:
E-mail: [email protected]
Ph: US +13393375221