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Food Service Packaging Market worth $226.77 billion by 2030, growing at a CAGR of 6.86% - Exclusive Report by 360iResearch
Food Service Packaging Market | 360iResearch
The Global Food Service Packaging Market to grow from USD 142.44 billion in 2023 to USD 226.77 billion by 2030, at a CAGR of 6.86%.
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Food service packaging, also known as food service disposables, encompasses a broad range of products designed for the food service industry to safely transport, serve, and store food items. This includes containers, boxes, cups, trays, wraps, and bags made from various materials such as paper, plastic, biodegradable substances, and metals for use in restaurants, takeaways, catering, and institutional food services. The rising global demand for convenient and fast food options, an increasing number of quick-service restaurants, and heightened hygiene standards, particularly accentuated by the COVID-19 pandemic, drive the need for food service packaging. Urbanization and a bustling lifestyle contribute significantly to this adoption by necessitating on-the-go food consumption, which relies heavily on disposable packaging solutions. However, stringent regulations regarding the use of plastics and disposables, and an increasing concern among consumers and governments about sustainability and the environmental impact of non-biodegradable waste hampers their adoption. Another significant challenge is the volatility in raw material prices, which can affect the cost of production and the pricing strategies of industry players. Furthermore, there is a clear trend toward eco-friendly and sustainable packaging solutions that are expected to open new avenues for innovation and product differentiation. The development of packaging that can extend the shelf life of food products, coupled with evolving technologies such as smart packaging that provide added value like freshness indicators, is an area for exploration and development. Moreover, as emerging economies continue to expand, the increased demand for food services in these regions presents untapped potential for expansion.
Market Segmentation & Coverage:
This research report categorizes the Food Service Packaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Bowls, Clamshells, Cups, Cutlery, Lids for Cups, Pizza Box, Plates, Single Serve Portion Packs, Stirrers, Straws, and Trays. The Plates is projected to witness significant market share during forecast period.
Based on Packaging Type, market is studied across Flexible, Paper & Paperboard, and Rigid. The Paper & Paperboard is projected to witness significant market share during forecast period.
Based on Material, market is studied across Aluminum, Metal, Molded Fibers, Paperboard, and Plastic. The Metal is projected to witness significant market share during forecast period.
Based on Fabrication Process, market is studied across Die Cutting, Injection Molding, and Thermoforming. The Injection Molding is projected to witness significant market share during forecast period.
Based on Application, market is studied across Bakery & Confectionery, Beverages, Dairy Products, and Fruits & Vegetables. The Fruits & Vegetables is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Foodservice Outlets, Institutional Foodservice Facilities, and Online Delivery Portals. The Online Delivery Portals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Food Service Packaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Food Service Packaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Food Service Packaging Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging, Inc., Amcor PLC, Anchor Packaging LLC, Ball Corporation, Bemis Company, Inc., Berry Global Inc., Chantler Packages Inc., Cube Packaging, Dart Container Corporation, Dow Chemical Company, DS Smith PLC, Emmerson Packaging, Evanesce Packaging Solutions, Fabri-Kal Corporation, Genpak, LLC, Huhtamaki Oyj, International Paper Company, Mondi PLC, Pactiv LLC, PakTech, ProAmpac Intermediate, Inc., Reynolds Packaging, Sabert Corporation, Sealed Air Corporation, Sonoco Products Company, Tradepak Inc., Union Packaging And Technology Company Limited, Vegware Ltd, WestRock Company, and Winpak Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food Service Packaging Market, by Product
7. Food Service Packaging Market, by Packaging Type
8. Food Service Packaging Market, by Material
9. Food Service Packaging Market, by Fabrication Process
10. Food Service Packaging Market, by Application
11. Food Service Packaging Market, by End-User
12. Americas Food Service Packaging Market
13. Asia-Pacific Food Service Packaging Market
14. Europe, Middle East & Africa Food Service Packaging Market
15. Competitive Landscape
16. Competitive Portfolio
17. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Food Service Packaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Food Service Packaging Market?
3. What is the competitive strategic window for opportunities in the Food Service Packaging Market?
4. What are the technology trends and regulatory frameworks in the Food Service Packaging Market?
5. What is the market share of the leading vendors in the Food Service Packaging Market?
6. What modes and strategic moves are considered suitable for entering the Food Service Packaging Market?
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About 360iResearch
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