Global Food Service Packaging Markets, 2021-2022 & 2028: Advent of Smart and Intelligent Packaging Materials & Significant Market Attractiveness for Recycling, Reusable, and Eco-Friendly Materials – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Food Service Packaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material, Packaging Type, and Application” report has been added to ResearchAndMarkets.com’s offering.

The food service packaging market was valued at US$ 86,372.08 million in 2021 and is projected to reach US$ 129,728.93 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.

The food service packaging market mainly serves the food service industry, consisting of offline and online food service stores serving a huge number of people worldwide. The market for food service packaging products is mainly driven by the proliferation in the production capacity of packaging products.

Moreover, the growing preference for ready-to-eat food products is driving the demand for foodservice packaging. The evolving online food ordering market in various countries across the globe will offer more opportunities for the growth of the food service packaging market during the forecast period. However, the complicated nature of the supply chain business is expected to restrain the growth of the food service packaging market during the forecast period.

Based on application, the global market has been segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment held the largest share in the global market in 2020. The packaging products for prepared meals are made from bio-based and biodegradable plastic and aluminum materials. Tray sealing, thermoforming, stand-up pouches, retort packaging & pouches, self-heating tins, and stretch films are used for prepared meals.

In 2020, Asia Pacific held the largest revenue share of the global food service packaging market. The food service packaging market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Major factors driving the food service packaging market in the Asia Pacific region are the rise in the number of fast food chains in the region, the increase in disposable income of individuals, and the rise in preference for fast food services.

Rapid infrastructure growth, such as the construction of new airports and expressways in the region, has provided opportunities for various fast food chains to set up their outlets. This is creating demand for food service packaging. The convenience offered by the online food ordering platforms is resulting in growing online food ordering in the region, creating a huge demand for different food service packaging products such as trays, containers, and bags.

The growing food service industry in India is creating a huge demand for different food service packaging products. Further, the growing mobile food service, such as the food trucks industry, in the region on the back of the rising penetration of quick-service restaurants is expected to create demand for different food service packaging products.

Players operating in the global food service packaging market are constantly focusing on strategies such as investments in research and development activities, new product launches, and mergers & acquisitions. Market players focus on providing high-quality products to fulfill customer demand.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

4. Global Food Service Packaging Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Food Service Packaging Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Proliferation in Production Capacity of Packaging Products

5.1.2 Changing Customer Preferences for High-Quality and Standard Products

5.2 Market Restraint

5.2.1 Complicated Nature of Supply Chain Business

5.3 Market Opportunities

5.3.1 Significant Market Attractiveness for Recycling, Reusable, and Eco-Friendly Materials

5.4 Future Trends

5.4.1 Advent of Smart and Intelligent Packaging Materials in Food Industry

5.5 Impact Analysis of Drivers and Restraint

6. Food Service Packaging – Global Market Analysis

6.1 Food Service Packaging Market Overview

6.2 Food Service Packaging Market -Revenue and Forecast to 2028

6.3 Competitive Positioning – Key Market Players

7. Food Service Packaging Market Analysis – By Material Overview

7.1 Food Service Packaging Market, By Material (2020 and 2028)

7.2 Plastic

7.3 Metal

7.5 Other Materials

8. Food Service Packaging Market Analysis – By Packaging Type

8.1 Overview

8.2 Food Service Packaging Market, By Packaging Type (2020 and 2028)

8.3 Rigid

8.4 Flexible

9. Food Service Packaging Market Analysis – By Application

9.1 Overview

9.2 Food Service Packaging Market, By Application (2020 and 2028)

9.3 Beverage

9.4 Prepared Meals

9.5 Fruits and Vegetables

9.6 Bakery and Confectionery

9.7 Dairy Products and Others

10. Food Service Packaging Market – Geographic Analysis

10.1 Overview

11. Impact of Coronavirus Outbreak

11.1 Impact of COVID-19 on Food Service Packaging Market

12. Company Profiles

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

For more information about this report visit https://www.researchandmarkets.com/r/rzxph0

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