Market Overview:
Food service packaging consists of materials used for the service or packaging of prepared foods and beverages in eat-in, takeout, and home delivery food service facilities. Cups for hot and cold beverages, plates, trays, bowls, bags (single service and takeaway), containers and lids, cutlery and utensils, ice cream cups, soup cups, and beverage carriers are examples of food service packaging products. These products prevent the contamination of food goods by germs, air, and moisture.
Asia-Pacific held the highest share of the global food service packaging market by revenue in 2020. High demand for food service packaging products from full-service restaurants, cafes, etc. is the primary factor driving the Asia-Pacific food service packaging market. Due to the ease afforded by these platforms, online meal ordering is rising in the region, which generates a substantial demand for various food service packaging items. China and India are among the most important markets in Asia-Pacific. The rising popularity of eating out among India’s urban population is driving the country’s market expansion.
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Trends and Opportunities:
Increased global product consumption has contributed to the increase in the price of packaged foods. A range of packaging options plays a crucial role in classifying products based on their ability to protect and enhance the appearance of their contents. Consumers around the world are increasingly worried about the cleanliness of food packaging and the portability of food products. The majority of food service disposables are recyclable and single-use. As these things are predominantly comprised of foam and plastic, they aid in maintaining food hygiene and preventing contamination.
In addition, compared to non-dispensable food service items, these are the most practical. The aforementioned characteristics increase the variety of food service disposables by food service system. The fact that disposable food service items are lightweight and can contain both hot and cold beverages and food is also projected to promote market growth.
Geographic Analysis:
Geographically, the global market for food service packaging (FSP) is divided into seven primary regions: North America, Latin America, Europe, Asia Pacific except Japan (APEJ), Japan, and the Middle East and Africa (MEA).
As a result of the increase in the number of food chains in the Asia-Pacific region, demand for food service packaging is predicted to increase at a rapid rate. The growth of the market in the region can also be attributed to the increase in disposable income of local residents and their inclination for fast food services.
The hurried and sedentary lifestyle of the area’s residents has also affected their nutritional habits, leading many to order food online or request takeout from the restaurants. As a result, the demand for food service packaging has expanded significantly and is expected to remain constant over the coming years.
The report also includes detailed profiles of end players such as Golden Box Ltd., Huhtamaki OYJ, Genpak LLC, D&W Fine Pack, Linpac Packaging, Gold Plast SPA, Pactiv LLC, Smurfit Kappa Group, Stanpac Inc. and WestRock Company.
This report segments the global food service packaging market as follows:
Global Food Service Packaging Market: Material Segment Analysis
- Plastic
- Metal
- Others
Global Food Service Packaging Market: Type Segment Analysis
- Paper & Paperboard
- Flexible Plastic
- Rigid Plastic
- Beverage Cans
- Others
Global Food Service Packaging Market: Application Segment Analysis
- Meat & Poultry Products
- Dairy Products
- Beverages
- Fruits & Vegetables
- Bakery & Confectionery
- Others
Global Food Service Packaging Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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