Global Foodservice Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Foodservice Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global foodservice packaging market report has been segmented on the basis of packaging type, material, fabrication process, application, and region.
Global Foodservice Packaging Market: Overview
Foodservice packaging can be defined as the packaging of processed or semi-processed food which caters to various foodservice providers including fast food outlets, restaurants, etc. The packaging aids to maintain hygiene of food items prevents growth of bacteria and helps to increase the shelf life of the food items.
Global Foodservice Packaging Market: Dynamics
Growing consumption of pre-packaged food is one of the key factors expected to drive growth of the global market. In addition, the increasing inclination of the working population towards on-the-go food consumption is another factor expected to support the target market growth. An increasing number of foodservice providers including retail food outlets, pizza chains, takeaway restaurants, and online food suppliers is a factor expected to create huge demand for foodservice packaging items such as containers, paper boxes, canes, etc. for packaging, which is a factor expected to augment growth of the global foodservice packaging market. Availability of these packaging items in various shapes, sizes and varieties and Increasing general utilization of these containers are some factors expected to propel growth of the target market. Advancements in packaging technology in terms of design, recyclability, durability, and usability is another factor expected to augment target market growth over the forecast period.
However, stringent government regulations related to the usage of plastics is a factor expected to hinder growth of the target market to a certain extent.
Global Foodservice Packaging Market: Segment Analysis
Among packaging type segments, the flexible packaging segment is projected to register substantial growth, owing to its characteristics including cost efficiency, flexibility to pack any kind of food items, and recyclability.
Among material segments, the plastics segment is expected to account significant revenue share in the global market, attributable to its various characteristics including durability and availability at lower cost.
Among application segments, the foodservice outlets segment is expected to register significant growth, owing to increasing consumption of fast food.
Global Foodservice Packaging Market: Regional Analysis
Asia Pacific foodservice packaging market is projected to account significant revenue share of the global market, owing to rapid growing food and beverages industry. In addition, increasing disposable income population coupled with the strong base of consumers for fast moving consumer goods (FMCG) items is one of the major factor expected to support growth of the target market in the region. Moreover, the expansion of various food chains in Asia Pacific countries such as India and China is another factor expected to propel growth of the target market. North America market for foodservice packaging is expected to register significant growth, owing to increasing intake of ready-to-eat food. In addition, a growing number of working women population is a factor expected to fuel demand for ready-to-eat meal, owing to their busy schedule of work. Markets in Latin America and Middle East & Africa are expected to register moderate growth over the forecast period.
Global Foodservice Packaging Market Segmentation:
Segmentation by Packaging Type:
- Flexible Packaging
- Rigid Packaging
Segmentation by Material:
- Others (Glass and Paper)
Segmentation by Fabrication Process:
- Injection Molding
Segmentation by Application:
- Foodservice Outlets
- Institutional Foodservice s
- Online Food Ordering
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Genpak, LLC
- Linpac Packaging
- Huhtamäki Oyj
- Pactiv LLC
- D&W Fine Pack
- WestRock Company
- Stanpac Inc.
- Biodegradable Packaging for Environment Co., Ltd.
- Smurfit Kappa Group plc
- Dart Container Corporation
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