Global Foodservice Packaging Market – Overview, Industry Growth, Size & Forecast

The global foodservice packaging market is expected to grow at a steady CAGR during the forecast period. The global foodservice packaging market is driven by the rapidly expanding food industry across the globe. Surging demand for energy drinks & soft drinks along with increasing fast food culture is positively impacting the growth of the market during the forecast period. Furthermore, the growing demand for recycled packaging worldwide is expected to bolster the growth of the market over the next few years.

With the sudden outbreak of the pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different industries such as packaging are also compromised. The global foodservice packaging market is hit by the pandemic, as the demand is decreased due to lockdowns across major countries in the world.

The global food service packaging market is segmented based on material, packaging type, application, company, and region. On the basis of packaging type, the market is segmented into flexible packaging, paper & paperboard packaging, rigid packaging, and others. The market for flexible packaging is expected to grow at the highest CAGR during the forecast period which can be attributed to the growing demand for sustainable packaging. Regionally, Asia Pacific is projected to lead the food service packaging market during the forecast period, on account of growing developmental activities coupled with rapid economic expansion.

The major players operating in the food service packaging market are Amcor Limited, Bemis Company, Inc., The DOW Chemical Company, Westrock Company, Ball Corporation, Huhtamaki OYJ, Sealed Air Corporation, Berry Plastic Corporation, Reynolds Group Holding, International Paper Company, DS Smith PLC, Genpak, LLC, Dart Products Europe Limited, Anchor Packaging, Inc., Vegware Ltd., and others.

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The objective of the Study:

• To analyze and estimate the market size of the global foodservice packaging market from 2018 to 2021.
• To estimate and forecast the market size of the global foodservice packaging market from 2022 to 2028 and the growth rate until 2028.
• To classify and forecast the global foodservice packaging market based on material, packaging type, application, company, and regional distribution.
• To identify the dominant region or segment in the global food service packaging market.
• To identify drivers and challenges for the global food service packaging market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global foodservice packaging market.
• To conduct pricing analysis for the global food service packaging market.
• To identify and analyze the profile of leading players operating in the global Foodservice packaging market.
• To identify key sustainable strategies adopted by market players in the global foodservice packaging market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of the global food service packaging market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

• Foodservice packaging manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policymakers
• Organizations, forums, and alliances related to food service packaging

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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Report Scope:

In this report, the global food service packaging market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Foodservice Packaging Market, By Material:
  • Plastic
  • Metal
  • Others
• Global Foodservice Packaging Market, By Packaging Type:
  • Flexible
  • Rigid
  • Paper & Paperboard
  • Others
• Global Foodservice Packaging Market, By Application:
  • Beverages
  • Dairy Products
  • Fruits & Vegetables
  • Bakery & Confectionery
• Global Foodservice Packaging Market, By Region:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
  • South America
    • Brazil
    • Argentina
    • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global food service packaging market.