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Food packaging services market to surpass $103.51 billion by 2023

Food packaging services market to surpass $103.51 billion by 2023

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.

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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.

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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:
Flexible Packaging
Foil, Paper and pouches
Bags
Other Flexible packagings
Rigid Packaging
Plastic Containers
Paperboard Boxes and containers
Other Rigid Packagings
Other Packagings

Material Type Covered:
Plastic
Polystyrene (PS)
Expanded PS
Rigid PS
Polyethylene
Poly lactic Acid (PLA)
Polyethylene Terephthalate
Polypropylene
Aluminium
Fiber Based
Clay Coated Cardboard
Molded Fiber
Corrugated Paperboard
F Flute
B Flute
E Flute

Application Covered:
Fruits & Vegetables
Dairy Products
Beverages
Bakery & Confectionery

Fabrication Process Covered:
Die Cutting
Thermoforming
Injection Molding

End Users Covered:
Online Food Ordering
Foodservice Outlets
Takeaway Meals
Institutional Foodservices
Bakery & Confectionery
On the Go Breakfast
Restaurants
Dairy Products
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
U.K
France
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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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:

Executive Summary

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

Key Developments

Company Profiling

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