North America Foodservice Packaging Market Forecast Report 2021-2028: Significant Market Appeal for Recyclable, Reusable and Eco-Friendly Materials – ResearchAndMarkets.com

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

Proliferation of Packaging Products Production Capacity to Accelerate North America Foodservice Packaging Market Growth

North America Foodservice Packaging Market was valued at USD 24,502.38 Million in 2021 and is projected to reach USD 34,995.67 Million by 2028. It is expected to grow at a CAGR of 5, 2% from 2021 to 2028.

Various food service packaging products include bowls, plates, cups, shells and wraps. The foodservice packaging market serves the foodservice industry consisting of offline and online foodservice stores. A significant consumer shift towards ready meals and on-the-go lifestyles is primarily driving the North American foodservice packaging market.

Convenience is one of the factors driving the adoption of fresh and nutritious ready-to-cook meals, and as a result, the demand for easy-to-cook packaging is increasing. Due to the time constraints of individuals, ready-to-cook meals help the masses to manage their meal time. The growing demand for frozen, processed and semi-processed foods with high nutritional value is helping food packaging manufacturers to expand their capacity to produce packaging products for a wide range of product categories.

Amcor plc; Berry Global Inc.; Huhtamaki; Genpak, LLC; WestRock Corporation; Air sealed; Ball Corporation; DS Smith; Graham Packing Company; and Graphic Packaging Holding Company are some of the players operating in the North American foodservice packaging market.

The players operating in the North America foodservice packaging market are strongly focusing on developing high-quality and innovative product offerings to meet the demands of the customers.

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

In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the closure of national and international borders. Various challenges, such as travel bans and the closure of institutes and businesses, have hit the associated catering service operators.

The demand for different food service packaging products has declined due to the closure of many quick service restaurants, cafes, hotels and other eateries during the pandemic. However, the need for foodservice packaging products is gradually increasing, supported by the reopening of businesses.

Key market dynamics

Market factors

  • Proliferation of production capacity of packaging products

  • Changing customer preferences for standard and premium products

Market constraints

  • Complicated nature of supply chain activities

Market opportunities

  • Significant market attractiveness for recyclable, reusable and environmentally friendly materials

  • Evolution of the online food ordering market

Future trends

  • Advent of intelligent and intelligent packaging materials in the food industry

Company Profiles

  • Amcor plc

  • Bay Global Inc.

  • Huhtamaki

  • Genpak, LLC

  • WestRock Company

  • air sealed

  • ball company

  • DS Smith

  • Graham Packing Company

  • Graphic packaging holding company

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