Foodservice Packaging Market 2021 Analysis Global Future Outlook 2028, Key Applications, Trends, Leading Companies | Graphic Packaging International, LLC, Amcor PLC and Cambay Technopack Private Limited

According to our latest market research on “Foodservice Packaging Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Material (Plastic, Metal and Others), Packaging Type (Soft and Rigid ) and Application (Beverages, Convenience Meals, Fruits & Vegetables, Bakery & Confectionery, Dairy & Others)”, the 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 report highlights the key factors driving the market and the major players along with their developments in the market.

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Foodservice packaging products are used for serving or packaging prepared foods and beverages. These products are made from materials such as plastic, metal, paper and glass. The plastic segment held the largest share in the global catering packaging market in 2020. There is a high demand for different catering packaging products from dine-in or take-out catering establishments and home delivery . Players operating in the foodservice packaging market are constantly focusing on strategies such as mergers and acquisitions and expansion to expand their footprint.

Adoption of fresh and nutritious ready-to-cook meals is increasing, driving the demand for easy-to-cook packaging. Due to the time constraints faced by individuals, ready meals help the masses to manage their meal time. In addition, the continuous demand for frozen, processed and semi-processed foods with high nutritional value by individuals helps food packaging manufacturers to increase their production capacity of packaging products for diversified product categories.

Impact of the COVID-19 Pandemic on the Foodservice Packaging Market

The COVID-19 pandemic has disrupted manufacturing processes due to restrictions imposed by government authorities in various countries. The pandemic has caused disruptions in the supply chain of key packaging materials. Social distancing policies have forced the closure of restaurants, bars and clubs. Widespread travel bans and the closure of institutes and businesses have hit associated catering service operators.

There has been an increase in awareness of food and packaging hygiene among consumers. With the outbreak of COVID-19, people have avoided direct contact with restaurants and preferred online delivery systems, which has created demand for different food service packaging products. As economies have started to restart their operations in 2021, the demand for various food service packaging products has increased for different applications. The increasing use of foodservice packaging products in restaurants, cafes and clubs is expected to provide more growth opportunities for the foodservice packaging market over the forecast period.

The main actors covered by this study

• International Graphic Packaging, LLC
• Amcor PLC
• Cambay Technopack Private Limited
• Global Huhtamaki
• AR packaging
• WestRock Company
• Genpak, LLC
• Vegware Ltd.
• BeGreen packaging
• Stora Enso

The report includes the Global Foodservice Packaging Market segmentation as follows:

The global catering packaging market, by material, is segmented into plastic, metal and others. Based on packaging type, the global market is segmented into flexible and rigid. On the basis of application, the global market is segmented into Beverages, Prepared Meals, Fruits & Vegetables, Bakery & Confectionery, Dairy, and Others. By geography, the global foodservice packaging market is broadly segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South & Central America. The market in North America is further segmented into the United States, Canada, and Mexico. The market in Europe is under-segmented into Germany, France, UK, Italy, Russia and Rest of Europe. The Asia-Pacific market is classified into China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa. The South and Central America market is segmented into Brazil, Argentina, and the rest of South and Central America.

Global Foodservice Packaging Market

Material

• Plastic
• Metal
• Others

Type of packaging

• Flexible
• Rigid

Application

• Beverages
• Ready meals
• Fruits and vegetables
• Bakery and Confectionery
• Dairy products
• Others

Research Methodology

The research methodology involves the collection of information by research analysts who then filter this information and study it in depth to provide estimates and forecasts to the industry. Both primary and secondary data collection approaches were used for the same. Interviews with key market influencers, as well as the views and opinions of renowned people in the industry are also incorporated.

The market methodologies adopted in the report offer an accurate analysis of the data and provide a tour of the entire market. In addition to this, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an in-depth understanding of the market. The research methodology clearly reflects an intention to extract a comprehensive view of the market by analyzing it against numerous parameters. Valued contributions enhance the report and provide a competitive advantage to readers.

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Foodservice Packaging Market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio, and company overview.

Company presentation:

The company overview provides information about the location of the company where its head office is located as well as the year established, the number of employees as of 2017, the regions where the company operates and the main areas of activity.

Financial performance:

The overall company/segment revenue for the years 2019, 2018 and 2017 is provided under the subheading “Financial Performance” (listed companies) with the analysis and explanation of the increase or decrease in the same due to factors such as mergers and acquisitions, profit or loss in any strategic business unit (SBU) and others.

Product Benchmarking:

The product benchmarking includes the complete list of products relating to the respective market along with the application and key features.

Strategic initiatives:

Information related to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market are covered in the strategic initiatives section.

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This research provides in-depth information on the major factors influencing the Foodservice Packaging market growth at the global and regional level (drivers, restraints, opportunities and challenges), market size forecast, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country; Developments of new products, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; current competitive challenges and threats and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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