|04-20-2018 02:35 PM CET - Business, Economy, Finances, Banking & Insurance||
Global Foodservice Packaging Market Trend, Opportunities & Competition Tracking till 2026
Press release from: Fact.MR
The global market discussion on foodservice packaging industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Foodservice Packaging Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on foodservice packaging market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.
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In terms of volume, a CAGR of 6.9% has been slated for the global food service packaging market throughout the forecast period (2017-2026), according to a new Fact.MR report. Worldwide sales of foodservice packaging are poised to account for over US$ 170,000 Mn revenues by 2026-end.
4 Key Future Projections of Foodservice Packaging Market for the Forecast Period 2017-2026 (In Terms of Volume)
1. North America will continue to hold the largest market share, with sales pegged to exceed 15,500 ‘000 tons by 2026-end. Sales of foodservice packaging products in North America are set to exhibit the highest CAGR through 2026.
2. Foodservice packaging sales in Europe and Asia-Pacific excluding Japan (APEJ) are expected to account for nearly similar shares of the market by 2026-end. However, sales in APEJ will record a relatively faster growth than those in Europe through 2026.
3. On the basis of product type, plates will remain dominant in the market, succeeded by cups. Sales of these two foodservice packaging products are collectively estimated to exceed 21,000 ‘000 tons by 2026-end.
4. The market shares of bowls and shallow trays among products are poised to remain approximately equal by 2026-end. In addition, clamshell containers are likely to prevail as fast-selling products in the market.
North America to Remain Fast-expanding market for Foodservice Packaging
Despite mature state of foodservice packaging market in North America, the industry demand continues to witness expansion, mainly driven by high demand from foodservice settings in the U.S. Hectic and busy lifestyle of people in North America has led them to opt for ready-to-go and convenient food. In addition, proliferation in home deliveries of food products by various foodservice outlets has further created demand for food service packaging in the region. North America will prevail as the fast-expanding and the most remunerative market for foodservice packaging.
Relatively lower cost and thermoforming benefits of polyethylene terephthalate (PET, PETE, PETG or polyester) has made it the most lucrative packaging material in the market. Revenues from PET will account for the largest market share during the forecast period, in terms of value. In addition, demand for high density polyethylene (HDPE) and polyvinyl chloride will also remain significant among foodservice packaging industries on the back of their properties such as high temperature-resistance and prevention of food products from moisture.
The global market for foodservice packaging is extremely fragmented in nature, owing to the presence of a larger number of large and small vendors. The occupancy of multiple market players has created challenges for players in retaining customer’s loyalty. Vendors in this heterogeneous market are competing in terms of packaging innovation, pricing strategy, and quality. High intensity of competition between players has led them to provide customized solutions and services along with attractive loyalty-based offers for retaining high-value customers. Key foodservice packaging companies supporting the market expansion include Huhtamaki Oyj, Genpak, LLC, Linpac Packaging, Pactiv LLC, D&W Fine Pack, Sealed Air Corporation, Stanpac Inc., Smurfit Kappa Group, WestRock Company, and DS Smith.
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Table of Content:
1. Global Economic Outlook
2. Global Foodservice Packaging Market – Executive Summary
3. Global Foodservice Packaging Market Overview
3.1.1. Global Foodservice Packaging Market Taxonomy
3.1.2. Global Foodservice Packaging Market Definition
3.2. Global Foodservice Packaging Market Size (US$ Mn), Volume (‘000 Tonnes) and Forecast, 2012-2026
3.2.1. Global Foodservice Packaging Market Y-o-Y Growth
3.3. Global Plastic Containers Market Dynamics
3.4. Retail Industry- Top 250 Players Quick Statistics
3.5 Top 10 Retailers (2017)
3.6. Geographic Analysis- Retail Industry Analysis
3.7 Retail revenue growth and profitability by region/country, FY2017
3.8. Product Sector Analysis
3.9 Retail revenue growth and profitability by region/country, FY2017
3.10. Retail revenue growth and profitability by primary product sector, FY2017
3.11. Top 10 Upcoming Retail Outlets
3.12. Global Retail Development Index 2017
3.13. Supply Chain of Plastic Containers Market
3.14. Cost Structure of Plastic Containers Market
3.15. Porter’s Five Forces analysis
3.16. Product Life Cycle of Plastic Containers Market
3.17. Key Participants Market Presence (Intensity Map) By Region
4. Global Foodservice Packaging Market Supply Demand Analysis
4.1. Number of Manufacturers by Region
4.2. Production Volume by Key Players
4.3. Importer Concentration by Region
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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