Foodservice Packaging Market Driven by Increasing Proliferation of QSR Outlets in Asia Pacific
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According to the research study, growth of the foodservice packaging market is likely to be driven by proliferation of fast food industries, combined with growth of the overall consumption of food products. Increasing concerns over hygiene and convenience are among the other key factors driving the growth of the market.
Growing concerns pertaining to hygiene and sustainability are among the key factors driving the demand for foodservice packaging around the globe. The growth in the number of food chains around the globe is likely to provide an impetus to the growth of the market during the assessment period. The proliferation of online food delivery channels, especially in urban centers has created opportunities for foodservice packaging companies in the region. Owing to these factors, the market in Asia Pacific is likely to grow at a steady pace during the assessment period.
According to the research study, growth of the online ordering channel has been a key trend that has led to increase demand for foodservice packaging in the region. A number of online food channels have emerged in the recent years, which has led to a sustained growth for key players in the foodservice packaging market.
In a bid to offer detailed insights to readers, the report has segmented the market on the basis of product type, material type, fabrication process, and end use industry. On the basis of product type, the key segments in the market include plates, trays, cups, and straws. By material type, the key segments in the market include aluminium, paperboard, molded fiber, wood, and plastic. The leading fabrication type segments include thermoforming, injection molding, and die cutting. On the basis of end-use industry, the key segments include food service outlets, institutional food services, and online food ordering.
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According to the study, Asia Pacific will continue to be one of the leading markets for foodservice packaging market. Many countries in Asia Pacific have become hubs for QSR service restaurants, and demand has grown at a steady pace in the recent past.
The business intelligence study offers analysis on the leading companies in the market. According to the research study, some of the key companies in the market include Dart Container Corporation, Anchor Packaging Inc., Georgia-Pacific LLC, D&W Fine Pack LLC, Berry Global Group Inc., Gold Plast SpA, and DOpla S.p.A.
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