The Global Food Service Packaging Market is valued at $63.32 billion in 2016 and is expected to reach $103.51 billion by 2023 growing at a CAGR of 7.33% from 2016 to 2023.
According to Stratistics MRC, growth in demand for ready-to-eat food, changes in consumer demand patterns towards packaging and prevalence of using convenient packaging are the factors favouring the food service packaging market growth.
On the other hand, the lack of awareness regarding food service packaging is hampering the market growth.
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By material type, plastics segment dominated the food service packaging market with major market share due to its low cost for the manufacture of disposable foodservice products. In addition, Paper & paperboard segment is expected to grow at a faster rate during the forecast period as a result of increasing consumer affection towards sustainable materials.
Asia Pacific region holds the largest share in Food Service Packaging market due to rapid urbanization and increase in fast food culture in emerging economies such as China, Southeast Asian countries, and India. However, North America is expected to witness the highest CAGR during the forecast period owing to the changing life styles of the people.
Some of the key players in the market include Huhtamaki Oyj, Linpac Packaging , Pactiv LLC, D&W Fine Pack, Gold Plast SPA, Genpak, LLC , Stanpac Inc., Smurfit Kappa Group, WestRock Company, DS Smith, New Method Packaging, Southern Champion Tray, Magnum Packaging, Golden Box Ltd, Michigan Box Company, International Paper Company.
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Packaging Type Covered:
Foil, Paper and pouches
Other Flexible packagings
Paperboard Boxes and containers
Other Rigid Packagings
Material Type Covered:
Poly lactic Acid (PLA)
Clay Coated Cardboard
Fruits & Vegetables
Bakery & Confectionery
Fabrication Process Covered:
End Users Covered:
Online Food Ordering
Bakery & Confectionery
On the Go Breakfast
Other End Users
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Major Points From The Table Of Contents:
Market Trend Analysis
Porters Five Force Analysis
Global Food Service Packaging Market, By Packaging Type
Global Food Service Packaging Market, By Material Type
Global Food Service Packaging Market, By Application
Global Food Service Packaging Market, By Fabrication Process
Global Food Service Packaging Market, By End User
Global Food Service Packaging Market, By Geography
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