Global “Food Service Packaging” Market industry is anticipated to an extensive growth during the forecast period 2018-2023. Food Service Packaging Market report provides in detail analysis of market with revenue growth and upcoming trends. report contains the forecasts, market size, share estimates and profiles of the leading industry Players.
Food Service Packaging Market research report provides derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Food Service Packaging industry. The report is a reliable analysis of current scenario of the market, which covers several market dynamics.
Get a Sample Copy Of The Report At – https://www.absolutereports.com/enquiry/request-sample/13100331
The global food service packaging market was valued at USD 45.85 billion in 2017 and is projected to reach a value of USD 62.73 billion by 2023, at a CAGR of 5.36% over the forecast period, 2018-2023.
The global food packaging market is expected to witness steady growth, mainly because of a rising number of fast food centers, coupled with the rise in the number of quick-service restaurants in emerging countries. Growth in urban population and the consequent increase in demand for processed and prepared food have had a significant impact on the growth of the market. Another factor contributing to the market growth is the rapid growth of the organized retail sector. The increased use of environment-friendly and more durable packaging materials is majorly influenced by the consumer demand and is forcing vendors to develop innovative packaging solutions.
Innovations in Packaging Materials
Plastic packaging is increasingly replacing metal and glass packaging (especially for food products), and this is increasing the demand for flexible plastic packaging products and solutions. Moreover, plastic is the favored material for flexible packaging as it is highly versatile and can be converted into a number of shapes and sizes. It is flexible, durable, and versatile, which makes it very suitable for flexible packaging. The aesthetically appealing packaging are being used by manufacturers to attract consumers by providing customized and innovative packaging solutions, create awareness by differentiating their products, and establish the brand in the market.
Plastics Containers Segment Accounts for a Dominant Market Share
Demand for rigid plastic packaging is growing at a rapid rate, because it is lightweight, microwaveable, and is available in various design options. These products are gaining preference over glass bottles, jars, containers, and metal containers, owing to their multiple benefits. The growing adoption of microwaves in APAC is expected to further propel the growth of the market. Moreover, the recent trend and changing consumer preference for intelligent packaging solutions that can improve safety and convenience, extend product life shelf and monitor freshness, have also contributed to the growing demand for single-sized plastic containers.
Europe to Account Significant Market Share
The food service packaging market in EMEA will witness a huge transformation in the packaging industry, owing to a surge in demand for flexible food packaging products in Western Europe. Germany is the leading exporter of fresh food products in the world. An ever-growing number of consumers eating off-the-shelf packaged food, along with rapidly changing consumer preferences from frozen food products, is expected to aid the market growth.
Key Developments in the Market
• October 2017 – Amcor in collaboration with Janoschka Ltd, developed Jaholo, a special micro-embossing printing technology that produces prismatic and pattern movement effects.
Major Players: AMCOR LIMITED, BEMIS, OWENS ILLINOIS, DUPONT, CROWN HOLDINGS, GENPAK LLC, HEINZ COMPANY, SEALED AIR CORPORATION, SONOCO, PLASTIPAK HOLDINGS, amongst others
Major Regions: – US, Canada, Mexico, Rest of America, UK, France, Germany, Rest of Europe, China, India, Japan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, Rest of Middle-East & Africa
Inquire Or Share Your Questions If Any Before The Purchasing This Report –https://www.absolutereports.com/enquiry/pre-order-enquiry/13100331
Reasons to Purchase this Report:
- Analysing various perspectives of the Food Service Packaging market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Food Service Packaging market growth during the forecast period.
- Identify the latest developments, Food Service Packaging market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Food Service Packaging Market forecast 2023
1. Introduction of Food Service Packaging Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Food Service Packaging Market Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Food Service Packaging Market Dynamics
6. Global Food Service Packaging Market, Segmented by Size
7. Global Food Service Packaging Market, Segmented by Technology Type
Purchase This Report (Price 4250 USD for single user license) – https://www.absolutereports.com/purchase/13100331
8. Global Food Service Packaging Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.2 South America
8.4.1 United Kingdom
8.5 Africa and Middle East
8.5.2 South Africa
8.5.3 Saudi Arabia
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
And Many More……….
About Absolute Reports:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.
Name: Ajay More
Email: [email protected]
Organization: Absolute Reports
Phone: +14242530807/+44203239 8187