The Food Service Packaging Market Report 2019-2023 focuses on the global Food Service Packaging status, future forecast, growth opportunity, key market, and key players.
The Food Service Packaging Market report studies the global market size of Food Service Packaging in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Food Service Packaging in these regions. This research report categorizes the global Food Service Packaging market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
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The various contributors involved in the value chain of Food Service Packaging include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
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- Amcor Limited
- Bemis
- Owens Illinois
- DuPont
- Crown Holdings
- Genpak LLC
- Heinz Company
- Sealed Air Corporation
- Sonoco
- Plastipak Holdings
Overview of Food Service Packaging Market Research Report 2019-2023:-
The global food service packaging market was valued at USD 45.85 billion in 2017 and is projected to reach a value of USD 62.73 billion by 2023, at a CAGR of 5.36% over the forecast period, 2019-2023.
The global food packaging market is expected to witness steady growth, mainly because of a rising number of fast food centers, coupled with the rise in the number of quick-service restaurants in emerging countries. Growth in urban population and the consequent increase in demand for processed and prepared food have had a significant impact on the growth of the market. Another factor contributing to the market growth is the rapid growth of the organized retail sector. The increased use of environment-friendly and more durable packaging materials is majorly influenced by the consumer demand and is forcing vendors to develop innovative packaging solutions.
Innovations in Packaging Materials
Plastic packaging is increasingly replacing metal and glass packaging (especially for food products), and this is increasing the demand for flexible plastic packaging products and solutions. Moreover, plastic is the favored material for flexible packaging as it is highly versatile and can be converted into a number of shapes and sizes. It is flexible, durable, and versatile, which makes it very suitable for flexible packaging. The aesthetically appealing packaging are being used by manufacturers to attract consumers by providing customized and innovative packaging solutions, create awareness by differentiating their products, and establish the brand in the market.
Plastics Containers Segment Accounts for a Dominant Market Share
Demand for rigid plastic packaging is growing at a rapid rate, because it is lightweight, microwaveable, and is available in various design options. These products are gaining preference over glass bottles, jars, containers, and metal containers, owing to their multiple benefits. The growing adoption of microwaves in APAC is expected to further propel the growth of the market. Moreover, the recent trend and changing consumer preference for intelligent packaging solutions that can improve safety and convenience, extend product life shelf and monitor freshness, have also contributed to the growing demand for single-sized plastic containers.
Europe to Account Significant Market Share
The food service packaging market in EMEA will witness a huge transformation in the packaging industry, owing to a surge in demand for flexible food packaging products in Western Europe. Germany is the leading exporter of fresh food products in the world. An ever-growing number of consumers eating off-the-shelf packaged food, along with rapidly changing consumer preferences from frozen food products, is expected to aid the market growth.
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Reasons to Purchase this Report
Key questions answered in the Food Service Packaging Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Food Service Packaging market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Food Service Packaging Market Research Report 2019-2023:
- INTRODUCTION
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
1 Drivers
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2 Restraints
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.2.1 Residential
5.2.2 Commercial
5.2.3 Institutional
5.3 Geography
5.3.1 Asia-Pacific
5.3.2 North America
5.3.3 Europe
5.3.4 South America
5.3.5 the Middle East & AfricaContinued…
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