Global Food Service Packaging Market 2020 Latest Industry Growth Analysis by Upcoming Trends, Emerging Technology by Regions, Supply and Forecast 2024

Food Service Packaging

The “Food Service Packaging Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Food Service Packaging market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Food Service Packaging market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Food Service Packaging market that will impact the demand during the forecast period.

Scope of the Report:

The major packaging products in the food service industry are boxes, bags and wraps, bottles, and plastic containers which include cups, plastic bottles, trays. The other products included in the scope of the study are paper trays and films used as supportive packaging. Besides mentioned applications of these packaging products, other applications include frozen desserts and other food products.

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Market Overview:

  • The food service packaging market was estimated at USD 48.31 billion in 2018. This market is expected to reach USD 82.50 billion by 2024, at a CAGR of 10.14% during the forecast period (2019 – 2024). Owing to the rising demand for quick-service restaurants (QSR) coupled with consumer preferences for on-the-go consumption, and propelling e-commerce due to rise in delivery applications, the market for foodservice packaging is growing rapidly.
  • – Growth in urban population and the consequent increase in demand for processed and prepared food have a significant impact on the growth of the market. For Instance, in the United Kingdom, Just Eat plc reported that household expenditure on takeaways increased from GBP 10.1 billion in 2017 to GBP 10.4 billion in 2018 and is further expected to reach GBP 11.2 billion by 2021.
  • – Food service has grown to become a major part of consumer spending. As this trend increases, packaging plays a key role in ensuring food safety and providing convenience to consumers. For instance, proper package labeling allows food preparers to know the source of food, its proper holding temperature, and the adequate cooking needed.
  • – Increase in stringent rules and regulation from government adhering to quality standards is hindering the market growth.

    Some of the Top Key Players of Food Service Packaging Market Report Are:

  • Amcor Limited
  • Sealed Air Corporation
  • International Paper Company
  • Berry Global, Inc.
  • Bemis Company Inc.
  • Sonoco Products Company
  • Huhtamäki Oyj
  • Graphic Packaging
  • WestRock Company

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Plastic Containers to Account for a Significant Market Share

    – Demand for 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.
    – 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 a single-sized plastic container.
    – Sustainable packaging is the need of the hour and with many new innovations like biodegradable plastic, bioplastic, that can mitigate environmental risk, the plastic market slowly gaining a little bit of traction.
    – Consumers will have increased value for recyclability and perceived “greenness” of packaging—at the same time, demand for proof of sustainability claims will grow exponentially.
    – Moreover, the market size of sustainable packaging along with incremental usage of paper, wood, glass, cotton, & others packaging material as sustainable packaging materials are changing the consumers buying habit that makes the environment eco – friendly.

    Asia-Pacific Accounts for the Largest Market Demand

    – Owing to the presence of densely populated and emerging economies such as Southeast Asian countries, China, and India, Asia-Pacific is expected to grow at the highest CAGR.
    – China accounts for the most significant share in the market, ahead of the United States, owing to its comparatively higher food and beverage consumption. The presence of a more dense population and a similar rise in the consumption of fast food is augmenting the growth of the market.
    – Moreover, in Australia, people spend nearly 32% of their household food budget on eating out and fast food, and the average fast food meal contains almost half of an adult’s recommended daily energy intake. Subway, KFC, Hungry Jack’s, Domino’s, Pizza Hut are some of the prominent QRSs in the country that is witnessing a rapid rise in their businesses.
    – Major Indian City’s, with urbanization and change in lifestyle, coping with fast-paced work life and dependence on online food platform for burning out their hunger are rapidly changing the dynamics of the foodservice industry.

    The Report Covers:

    • Comprehensive research methodology of Food Service Packaging market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Food Service Packaging market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Food Service Packaging Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Value Chain Analysis
    4.3 Introduction to Market Drivers and Restraints
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry
    4.5 Market Drivers
    4.5.1 Rising Demand for Fast Food Centers, Coupled with the Rise in the Number of Quick-Service Restaurants
    4.6 Market Restraints
    4.6.1 Stringent Government Regulations, Along with Detrimental Effects of Packaging on Food

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Corrugated Boxes
    5.1.2 Glass Bottles
    5.1.3 Bags and Wraps
    5.1.4 Plastic Containers
    5.1.5 Other Products
    5.2 By Application
    5.2.1 Fruits and Vegetables
    5.2.2 Meat, Poultry and Seafood
    5.2.3 Beverages
    5.2.4 Processed Food
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 United Kingdom
    5.3.2.2 Germany
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 India
    5.3.3.3 Japan
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.4.1 Brazil
    5.3.4.2 Mexico
    5.3.4.3 Rest of Latin America
    5.3.5 Middle East & Africa
    5.3.5.1 UAE
    5.3.5.2 Saudi Arabia
    5.3.5.3 South Africa
    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Amcor Limited
    6.1.2 Sealed Air Corporation
    6.1.3 International Paper Company
    6.1.4 Berry Global, Inc.
    6.1.5 Bemis Company Inc.
    6.1.6 Sonoco Products Company
    6.1.7 Huhtamäki Oyj
    6.1.8 Graphic Packaging
    6.1.9 WestRock Company

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

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