Sustainable Foodservice Packaging Market 2021 Disclosing Latest Trends and Advancement Outlook 2026

The Sustainable Foodservice Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Sustainable Foodservice Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Sustainable Foodservice Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Sustainable Foodservice Packaging market.

The sustainable foodservice packaging market was valued at USD 62.46 billion in 2020, at a CAGR of 5.3% over the forecast period of 2021 - 2026.

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Top Leading Companies of Sustainable Foodservice Packaging Market are - Amcor Limited, Mondi Group, Sealed Air Corporation, Tetra Pak International SA, Winpak Limited, Bemis Company Inc., Huhtamäki Packaging and labeling company, DowDuPont, Crown Holdings Incorporated, Sonoco Products Company, WestRock Company, Sonoco Packaging, International Paper Company, Dart Container and others.

Industry News and Updates:

- April 2019 - Berry Global has announced its sustainability strategy through its initiative named Impact 2025. As part of their initiative, they will focus to further innovate the positive impact through their products, performance, and partners in the long term plan for the year 2025. Their major focus will be on optimizing product design, increasing recycled content as well as developing renewable materials, minimizing operational impacts, increasing renewable energy, expand the use of plastic in place of alternative materials, etc.

- April 2019 - Amcor launched Amite Ultra Recyclable, its first packaging product made from the company’s revolutionary and more sustainable high-barrier polyolefin film. It can reduce a pack’s carbon footprint by about 64%.

Key Market Trends:

Online Food Ordering Services will Drive the Market in the Forecast Period

- Factors such as rise in frequency of online food ordering and take away foodservice will drive the sustainable foodservice packaging market due to the massive use of the food packaging products like plastic containers and trays, corrugated boxes, and others.
- In the major regions, urbanization, changing in lifestyle, coping with fast-paced work life, and dependence on online food platforms are rapidly changing the dynamics of the foodservice industry, which in return has increased the demand for sustainable foodservice packaging solutions.

Asia-Pacific Accounts for the Largest Market Share

- Owing to the presence of densely populated and emerging economies, such as Southeast Asian countries, China, and India, Asia-Pacific is expected to witness growth recording the highest CAGR.
- China accounts for the most significant share in the market, owing to its comparatively higher food consumption. The presence of a more dense population and a similar rise in the consumption of fast food delivery and take away service are augmenting the maturity of the which in return there has been a focus on sustainable foodservice packaging solutions that will drive the market in the forecast period.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Sustainable Foodservice Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Sustainable Foodservice Packaging Market (%),2016 - 2026
- Sustainable Foodservice Packaging Market Share, By Brand
- Sustainable Foodservice Packaging Market Share, By Company
- Sustainable Foodservice Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Sustainable Foodservice Packaging Market Value Analysis & Forecast
- Promising Sustainable Foodservice Packaging Development by Major Companies
- Detailed Sustainable Foodservice Packaging Portfolio of the Major Companies
- Major Deals in the Sustainable Foodservice Packaging Market
- Major Companies Analysis

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