Food Service Packaging Market by Material (Plastic, Metal) by Packaging Type (Paper & Paperboard, Flexible, Rigid) – Business Overview, Analysis and Industry Forecast 2017-2023

Global Food Service Packaging Market was valued at USD XX Billion in the year 2017. Global Food Service Packaging Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Amcor Limited (Australia), Bemis Company, Inc. (U.S), The DOW Chemical Company (U.S) are the key players in this market.

Drivers:

• Cost-Effectiveness of Food Service Packaging

Restraints:

• Stringent rules and regulations

Opportunities:

• Growing Demand for Sustainable Packaging Solutions

Challenges:

• Rising Instances of Food Wastage

The Global Food Service Packaging Market is divided as By Material, Packaging Type, Application and Region.

On the basis of Material, the market is divided asPlastic, Metal and others in which the plastic segment accounted for the highest market share and is expected to grow at moderate CAGR of XXX% in the coming years. This growth is attributed to the recyclability, cost-effectiveness, easy handling, and light-weight of plastic.

By Packaging type, it is divided as paper and paperboard, flexible, rigid and others.

By Application, the market is divided Beverages, Fruits & Vegetable, Bakery & Confectionery Dairy Products and others in which the alcoholic beverages segment accounted for the largest market share. The growth in demand for energy drinks, soft-drinks, and juices has propelled the market for food service packaging.

Key Benefits for Stakeholders

• Food service packaging manufacturers
• OEMs
• Manufacturing organizations
• Automotive manufacturers
• Construction organizations

By Material

• Plastic
• Metal
• Others

By Packaging Type

• Paper & Paperboard
• Flexible
• Rigid
• Others

By Application

• Beverages
• Fruits & Vegetables
• Bakery & Confectionery
• Dairy Products
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW
• SGS

Key Market Players

• 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

(A brief overview of 10 companies is also provided)

Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/414/27/Food-Service-Packaging-Market

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This release was published on openPR.