The U.S. food service packaging market is witnessing a significant growth driven by the booming food service industry and the rise in takeout and delivery services. Consumers' preference for convenience and on-the-go lifestyles has fueled the demand for efficient and secure packaging solutions. Customized branding options in food service packaging enhance brand identity and customer experience. Technological advancements like tamper-evident seals and smart packaging further drive market growth.
Access Full Report @ https://www.databridgemarketresearch.com/reports/us-food-service-packaging-market
Data Bridge Market Research analyses that the U.S. Food Service Packaging Market is expected to grow at a CAGR of 5.2% in the forecast period of 2022-2029. Consumer preferences for eco-friendly packaging drive the adoption of sustainable and recyclable materials, leading to the development of eco-conscious food service packaging solutions.
Key Findings of the Study
Convenience-driven packaging formats are expected to drive the market's growth rate
Convenience-driven packaging formats, such as single-serve and portion-controlled options, cater to consumers' busy lifestyles and desire for hassle-free meal experiences. These formats offer pre-portioned servings, eliminating the need for measuring and reducing food waste. They provide convenient on-the-go solutions, making it easy for consumers to enjoy their favorite foods anytime, anywhere. The appeal of portion-controlled packaging lies in its ability to promote healthier eating habits and portion management, enhancing overall customer satisfaction and driving market demand for such packaging solutions.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in Million, Volumes in Million Units, Pricing in USD
|
|
Segments Covered
|
Type (Food and Beverages), Material Type (Plastic, Paper, Molded Fiber/Pulp, Wood, Glass, and Others), Product Type (rigid packaging, Flexible Packaging), Application (Retailing, Transportation and Others), Distribution Channel (Direct and Indirect)
|
|
Market Players Covered
|
International Paper (U.S.), Huhtamaki (Finland), Amcor plc (Switzerland), Sealed Air (U.S.), WestRock Company (U.S.), Berry Global Inc. (U.S.), Fabri-Kal (U.S.), Sabert Corporation (U.S.), Genpak, LLC (U.S.), Dart Container Corporation (U.S.) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The U.S. food service packaging market is segmented on the basis of type, material type, product type, application, and distribution channel.
- On the basis of type, the U.S. food service packaging market is segmented into food and beverages.
- On the basis of material type, the U.S. food service packaging market is segmented into plastic, paper, molded fiber/pulp, wood, glass, and others.
- On the basis of product type, the U.S. food service packaging market is segmented into rigid packaging, flexible packaging.
- On the basis of application, the U.S. food service packaging market is segmented into retailing, transportation, and others.
- On the basis of distribution channel, the U.S. food service packaging market is segmented into direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the major U.S. food service packaging market players in U.S. food service packaging market are WestRock Company (U.S.), Berry Global Inc. (U.S.), Fabri-Kal (U.S.), Sabert Corporation (U.S.), Genpak, LLC (U.S.), Dart Container Corporation (U.S.)
Market Developments
- In 2022, Amcor launched a new platform of paper-based packaging products: AmFiberTM. The AmFiber platform demonstrates Amcor's consumer-centric and adaptable approach to innovation, as it aims to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.
- In 2022, Apollo and Novolex announced that the fund managed by Apollo's affiliates (Apollo Fund) reached a final agreement to acquire most of the company from the fund managed by Carlyle.
- In 2022, Huhtamaki announced that it acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson Sp. z o.o. from Smith Anderson Group Ltd SA.
- In 2022, International Paper announced constructing a new corrugated packaging facility in Pennsylvania, U.S. The aim is to expand its industrial packaging footprints in the country's northeastern part.
- In 2019 Sealed Air Corporation signed a definitive agreement to acquire Automated Packaging Systems Inc., a leading manufacturer of high-reliability, automated bagging systems, for USD 510 million on a cash and debt-free basis.
- In 2019, Amcor launched Amite Ultra Recyclable, its first packaging product made from the company’s revolutionary and more sustainable high-barrier polyolefin film. It can reduce a pack’s carbon footprint by about 64%.
For more detailed information about the U.S. food service packaging market report, click here – https://www.databridgemarketresearch.com/reports/us-food-service-packaging-market
