Food Service Packaging Market to Reach US$ 100,715.0 Mn at a CAGR of 5.3% in 2027 | The Insight Partners

The food service packaging market was valued at US$ 63,605.3 Mn in 2018 and is projected to be worth US$ 100,715.0 Mn by 2027, growing at a CAGR of 5.3% during the forecast period.

Food service packaging includes products such as cans, bottles, jars, ampules, plastic pots, aerosol containers, and wraps, among others, to preserve food products from contamination for an extended period. It protects the food products from contamination caused by microorganisms, air, and moisture, and helps catalytic activity in fresh food. It plays an essential role in maintaining quality and keeping food safe during handling and transportation. Foodservice packaging offers a marketing medium to the food service providers and helps improve customer satisfaction levels as well as information transmission.

The global food service packaging market is driven by factors such as rising demand for RTC and RTE food products from the end-users and utilization of automation and amendments in food safety regulations by various government organizations such as FDI. However, the complicated nature of the food service packaging supply chain is anticipated to restrain food service packaging market growth during the forecast period. The growing concerns related to environment and human health have increased the demand for recyclable reusable and eco-friendly packaging solutions, which is anticipated to offer lucrative opportunities to the food service packaging industry players.

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Major key players covered in this report:

• Amcor plc
• Ball Corporation
• Berry Global, Inc.
• Dow Inc.
• DS Smith PLC
• Genpak LLC
• Huhtamäki Oyj
• Reynolds Group Holdings Limited
• Sealed Air Corporation
• WestRock Company

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Food Service Packaging market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Food Service Packaging market segments and regions.

The research on the Food Service Packaging market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Food Service Packaging market on the basis of end user, product type, application, and demography for the forecast period 2020–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Food Service Packaging market.

Food Service Packaging Market Regional Analysis Includes:
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)

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Some of the valuable insights gained by the meticulous study on Global Food Service Packaging Market include:

• Current evaluation of Global Food Service Packaging Market
• Projected CAGR during the forecast period i.e. 2021 to 2028
• Estimated evaluation of Global Food Service Packaging Market by the end of forecast period in 2028
• Key market segments along with their share, status, and size
• Barriers for new entrants in Global Food Service Packaging Market
• Opportunities for stakeholders and industry players for lucrative investments
• Untapped regions that hold promising potential for business expansion in Food Service Packaging Market
• Impact of social restrictions created by the global pandemic on demand dynamics
• Growth parameters and key drivers for Global Food Service Packaging Market
• Challenges created by the pandemic for manufacturers and retailers in the market

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