The report explains the market size and forecast (2017-2025) for the given market segments, which help players and investors use their resources more effectively and make better marketing decisions.
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"Food Service Packaging Market- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025" which says that the market is growing at a considerable CAGR in the recent years.
Food packaging is the most fundamental way of preventing food from physical, chemical, and environmental factors. It improves and preserves the shelf life, quality, flavor, temperature, and taste of food products for a long time, thereby reducing food wastage.
The packaging also helps reduce the risks of shipment and improve the marketability of the food product.
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Several innovative ways of food packaging have evolved over the years to meet consumers' demands for ease of use, sustainability, and convenience. Food products are vacuum sealed and packaged in bottles, plastic or paper bags, and cans to keep them fresh and make them convenient to use.
Market Drivers and Restraints
The food service packaging industry is growing at a phenomenal pace owing to growing preference for online grocery shopping, the growing disposable income of consumers, large on-the-go consumer base, increase in demand for high-quality products, innovative packaging methods for product differentiation, and growth in the preferences of consumers for packaged protein-rich meat, poultry, and seafood. Moreover, the demand for highly perishable ready-to-eat natural and organic food is increasing.
This is stimulating the food service packaging industry to develop new packaging solutions for food safety and hygiene.
On the other hand, the high cost associated with the development and installation of packaging equipment in emerging countries and stringent government legislation for food safety hinder the market growth.
Food Service Packaging Market Segmentation:
The report studies the global food service packaging market based on the type of material, type of packaging, application, and geography. By material type, the market is divided into plastics, metals, papers & paperboards, and others.
Based on the type of packaging, the market is classified into flexible, rigid, and others. Based on the application, the food service packaging market is classified into meat, poultry & seafood, dairy, bakery & snack, frozen food, candy & confectionery, cereal & grain, perishable prepared, and shelf stable.
Based on geography, the report studies the global cardiac rehabilitation industry across regions such as North America, Asia-Pacific, LAMEA, and Europe. In North America, the market covers regions such as the U.S., Canada, and Mexico.
In Asia-Pacific, the market covers the regions such as South Korea, India, Japan, Australia, China, and the other parts of Asia-Pacific. In LAMEA, the market covers regions such as Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
In Europe, the cardiac rehabilitation industry covers the regions such as UK, Germany, France, Italy, Spain and the other parts of Europe.
Key Market Players
Several players participate in the global food service packaging market to increase their market share. The top players operating in the market include Amcor Limited, Bemis Company, Inc., The DOW Chemical Company, Westrock Company, Ball Corporation, Huhtamaki OYJ, Sealed Air Corporation, Berry Plastic Corporation, Reynolds Group Holding, and International Paper Company.
Key Market Benefits
The report analyzes the overall food service packaging industry which encompasses food service packaging market size, food service packaging market share analysis (2014-2025), market dynamics, competitive structure of the market, scope and definitions, market trends, key market players, and industry segmentation. The report contains recent information derived from various research sources to present a unique and reliable data analysis.
An assessment of the current and future market trends helps stakeholders identify the factors that affect the market and take advantage of the positive changes.
The Porter's analysis helps comprehend the competitive landscape of the food service packaging industry. This helps identify the market competitors and understand their mission, vision, core values, strengths, and weaknesses.
The drivers and restraints of the market help focus on the opportunities for growth and devise business plans. A geographical analysis of the market is provided for each segment and sub-segment to determine the level growth in each region.
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