The global food service packaging ecosystem comprises Food Service Packaging manufacturers, vendors, and service providers such as Amcor Limited (Australia), The Dow Chemical Company (U.S.), Bemis Company, Inc (U.S.), WestRock Company (U.S.), Sealed Air Corporation (U.S.), International Paper Company (U.S.), Reynolds Group Holding Limited (New Zealand), DS Smith Plc (U.K.), Huhtamaki Oyj (Finland) Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Dart Product Europe Limited (U.K.), Anchor Packaging Inc. (U.S.), Vegware (U.K.), Sabert Corporation (U.S.), Union packaging (U.S.), Fabri-Kal (U.S.), Excellent Packaging & Supply (U.S.), BSI Biodegradable Solution (Canada), ISAP Packaging SPA (Italy), Landon Bio Packaging (U.K.), Hefei Hengxin Environmental Science & Technology Co., Ltd (China), King Yuan Fu Packaging Co., Ltd. (Taiwan), and Bionatic GMBH & Co.Kg (Germany).
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The food service packaging market is estimated to grow from USD 65.36 Billion in 2017 to reach USD 84.33 Billion by 2022, at a CAGR of 5.23%. Base year considered for the study is 2016 and the market size is projected from 2017 to 2022.
To increase access to information about the food service packaging business principles for other institutions that are planning to start business.
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Food Service Packaging Market, By Material
5 Ethylene Vinyl Alcohol
In terms of application, food service packaging market is segmented into alcoholic beverages, non-alcoholic beverages, fruits & vegetables, dairy products, bakery & confectionery, meat & poultry, and others (convenience food & processed food). Alcoholic beverages segment accounted for largest share in the 2016.
However, non-alcoholic beverages segment projected to grow at highest CAGR during the forecast period. Growth in demand for energy drinks, soft-drinks, & juices has propelled the market for food service packaging.
In terms of region, food service packaging market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific region is projected to grow at highest CAGR among all regions by 2022.
This is mainly due to emerging economies such as China, Southeast Asian countries, and India, urbanization, increase in fast food culture; and stable PEST (political, economic, social, and technological) conditions.
2 Dynamic, Innovators, Vanguards, and Emerging
7 Product Offerings
8 Business Strategy
Food service packaging market mediums are lightweight and cost-effective. However, the lack of awareness regarding food service packaging poses as a potential restraint in the food service packaging market.
Strategies such as mergers & acquisitions, expansions, and new product launches were largely adopted by most of the players in this market.
Key objective of global food service packaging report is to provide companies with a summary of latest trends and lucrative business expansion opportunities for food service packaging manufacturers, suppliers, and distributors. Report also demonstrates key business strategies and principles adopted by key players around world.
Segments considered for this report are based on material, packaging type, application, and region.
Food Service Packaging Market, By Packaging Type
2 Paper & Paperboard
The food service packaging market has been segmented into three types, namely, flexible, paper & paperboard, and rigid. Flexible segment led demand for packaging in food service packaging in 2016 and is projected to grow at highest CAGR from 2017to 2022.
Factors such as cost-effectiveness, ease of handling, and ability to package frozen food and ready-to-eat food are driving demand for flexible packaging. Ability to withstand high temperature is also influencing growing application of flexible packaging in food service packaging market.
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