Global Foodservice Packaging Markets, 2021-2022 & 2028: Advent of smart and smart packaging materials and significant market pull for recyclable, reusable and eco-friendly materials – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Report “Foodservice Packaging Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Material, Packaging Type and Application” has been added to from ResearchAndMarkets.com offer.

Foodservice Packaging Market was valued at USD 86,372.08 Million in 2021 and is projected to reach USD 129,728.93 Million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.

The catering packaging market primarily serves the catering industry, which is comprised of offline and online catering stores serving a large number of people globally. The catering packaging products market is mainly driven by the proliferation of packaging products production capacity.

Additionally, the growing preference for ready-to-eat food products is driving the demand for catering packaging. The developments in the online food ordering market in various countries around the world will provide more opportunities for the growth of the foodservice packaging market over the forecast period. However, the complicated nature of the supply chain business is expected to restrain the growth of the foodservice packaging market over the forecast period.

On the basis of application, the global market has been segmented into Beverages, Ready Meals, Fruits & Vegetables, Bakery & Confectionery, Dairy, and Others. The ready meals segment held the largest share of the global market in 2020. Packaging products for ready meals are made from bio-based and biodegradable plastic and aluminum materials. Tray sealing, thermoforming, stand-up pouches, autoclave wraps and pouches, self-heating boxes and stretch wrap are used for ready meals.

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

The rapid growth in infrastructure, such as the construction of new airports and highways in the region, has allowed various fast food chains to open their outlets. This creates a demand for food service packaging. The convenience offered by online food ordering platforms is driving an increase in online food ordering in the region, creating a huge demand for different foodservice packaging products such as trays, containers, and bags.

The growing catering industry in India is creating a huge demand for different catering packaging products. In addition, the growth of mobile food services, such as the food truck industry, in the region, due to the increasing penetration of quick service restaurants, is expected to create demand for different food service packaging products.

The players operating in the global foodservice packaging market constantly focus on strategies such as investments in research and development activities, new product launches, and mergers and acquisitions. Market players are focusing on providing high quality products to meet customer demand.

Main topics covered:

1. Introduction

2. Main Takeaways

3. Research methodology

3.1 Scope of the study

3.2 Research methodology

4. Global Foodservice Packaging Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem analysis

4.4 Expert advice

5. Foodservice Packaging Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Proliferation of Packaging Products Production Capacity

5.1.2 Changing customer preferences for standard and premium products

5.2 Restriction of the market

5.2.1 Complicated Nature of Supply Chain Activities

5.3 Market Opportunities

5.3.1 Significant Market Attractiveness for Recycling, Reusable and Environmentally Friendly Materials

5.4 Future trends

5.4.1 Advent of smart and intelligent packaging materials in the food industry

5.5 Impact analysis of drivers and constraints

6. Foodservice Packaging – Global Market Analysis

6.1 Foodservice Packaging Market Overview

6.2 Foodservice Packaging Market – Revenue and Forecast to 2028

6.3 Competitive Positioning – Key Market Players

7. Foodservice Packaging Market Analysis- Overview by Material

7.1 Foodservice Packaging Market, By Material (2020 & 2028)

7.2 Plastic

7.3 Metal

7.5 Other materials

8. Foodservice Packaging Market Analysis – By Packaging Type

8.1 Overview

8.2 Foodservice Packaging Market, By Type (2020 & 2028)

8.3 Rigid

8.4 Soft

9. Foodservice Packaging Market Analysis – By Application

9.1 Overview

9.2 Foodservice Packaging Market, by Application (2020 & 2028)

9.3 Beverage

9.4 Prepared meals

9.5 Fruits and vegetables

9.6 Bakery and confectionery

9.7 Dairy and other products

10. Foodservice Packaging Market – Geographical Analysis

10.1 Overview

11. Impact of the coronavirus outbreak

11.1 Impact of COVID-19 on the Foodservice Packaging Market

12. Company Profiles

  • Amcor plc.

  • ball company

  • Berry Global, Inc.

  • Dow Inc.

  • DS Smith plc.

  • Genpak LLC

  • Huhtamaki Oyj

  • Reynolds Group Holdings Limited

  • Airline Sealed

  • WestRock Company

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