Global Foodservice Packaging Market Research Report Reveals Top Players, Ongoing Trends, Growth Factors and Forecast till 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of autoclaved aerated concrete market. The study is titled as “Foodservice Packaging Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global Foodservice Packaging market.

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Fact.MR has compiled a new report on the global foodservice packaging market. The report projects the global market for foodservice packaging to ride on an impressive 7.5% CAGR through the forecast period (2017-2026), in terms of value. Over 54,000 ‘000 tons of foodservice packaging products are likely to be sold across the globe by 2026-end.

5 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.

5. Among packaging materials, polyethylene terephthalate (PET, PETE, PETG or polyester) is expected to retain its largest share of the market during the forecast period. However, sales of aluminum and molded fiber are set to record a relatively faster growth in the market through 2026.

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.

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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.

Table of Contents:

1. Global Economic Outlook

2. Global Foodservice Packaging Market – Executive Summary

3. Global Foodservice Packaging Market Overview
3.1. Introduction
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

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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This release was published on openPR.