Global Food Service Packaging Market, By Material (Plastic, Metal, Aluminum, Paperboard, Molded Fibers, Others), Packaging Type (Paper and Paperboard, Flexible, Rigid, Others), Application (Beverages, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, Others), Product Type (Plates, Trays, Cups, Bowls, Pizza Box, Straws, Single Serve Portion Packs, Clamshells, Lids for Cups, Stirrers, Cutlery), Fabrication Process (Thermoforming, Die Cutting, Injection Molding), End-User (Foodservice Outlets, Institutional Foodservice Facilities, Online Delivery Portals) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Growing consumption of food and beverage items owing to the rising population is one of the major factors fostering the growth in the demand and supply of food service packaging. Moreover, there increased focus on environmental conservation is inducing the growth in the manufacturing rate of food service packaging solutions. One such packaging innovation is the bubble lined courier bag packaging solution. Major benefits of food service packaging include convenient, cost-efficient, lightweight, safer distribution, customizable and innovative properties. Amcor plc, Bemis Company, Inc., Dow, WestRock Company and BALL CORPORATION are some major players operating in this market.
- Data Bridge Market Research analyses that the food service packaging market value was USD 81.23 billion in 2021 and is expected to reach the value of USD 130.40 billion by 2029, at a CAGR of 5.80% during the forecast period. "Plastic" accounts for the largest material segment in the food service packaging market owing to the growth and expansion of various end user verticals, especially in the world's developing economies and changing consumer preferences for intelligent packaging solutions that can improve safety and convenience. The food service packaging market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Definition
From the name itself, it is clear that food service packaging refers to all those packaging solutions that are used to package the food items to protect them from being contaminated due to the external factors. Further, the role of food service packaging solutions is to extend and improve the shelf life of the packaged food items and keep them fresh and safe. Food service packaging solutions ensure that the food items are fit for consumption and free of germs.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Plastic, Metal, Aluminum, Paperboard, Molded Fibers, Others), Packaging Type (Paper and Paperboard, Flexible, Rigid, Others), Application (Beverages, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, Others), Product Type (Plates, Trays, Cups, Bowls, Pizza Box, Straws, Single Serve Portion Packs, Clamshells, Lids for Cups, Stirrers, Cutlery), Fabrication Process (Thermoforming, Die Cutting, Injection Molding), End-User (Foodservice Outlets, Institutional Foodservice Facilities, Online Delivery Portals)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Amcor plc (Australia), Dow (U.S.), Bemis Company, Inc (U.S.), Westrock Company (U.S.), Sealed Air Corporation (U.S.), International Paper Company (U.S.), Reynolds Group Holding Limited (New Zealand), DS Smith (U.K), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Dart Product Europe Limited (U.K), Anchor Packaging Inc. (U.S.), Vegware (U.K), Sabert Corporation (U.S.), Union packaging (U.S.) and Fabri-Kal (U.S.).
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Global Food Service Packaging Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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Growth in investment for research and development to carve way for innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated packaging equipment/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to such packaging solutions.
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Increased consumption of food globally to induce greater demand and supply in emerging nations
It is well known that the global population is rising at an unprecedented rate. Consequently, there is a huge rise in food and beverage items demand and inclination of consumers towards online shopping. Rising trend of consuming ready-to-eat meals especially in the western economies, is leading to the rise in demand for convenient packaging solutions. Also, increasing demand of convenience foods due to changing lifestyle and busy schedule has further propelled the growth rate of the market.
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Growth and expansion of end user verticals to present numerous opportunities for small scale businesses
Owing to the global economic rise, there is a huge scope of growth for the materials and packaging industry. Food service packaging solutions offer cost-effectiveness of packaging the products. Emphasis on modern technologies in packaging industry is directly proportional to the increasing demand for such packaging solutions.
Rising urbanization, modernization, and globalization drive market value growth. Surging development in the flexible packaging solution, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products, and increased e-commerce industry's proliferation are other market growth determinants. Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising awareness about the benefits of flexible lid stock packaging solutions such as cost-effectiveness and increased product shelf-life will further expand the future growth of the market.
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Rising food wastage
Growing instances of food wastage around the globe is another factor hindering the growth of the market. According to a recent report, in the United States 30 per cent of all food, worth US$48.3 billion (€32.5 billion), is thrown away each year. This will prove to be a bane for the market.
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Increased number of regulations to limit the scope of growth in the long run
Rising enforcement of stringent environmental regulations imposed on the industries regarding the packaging waste generated will create hindrances for the growth of the market. Also, stringent regulations on product approvals will narrow down the scope of growth for the market. Further, increased regulations imposed by the government on the application of plastic as a packaging material will yet again create hindrances.
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Supply chain disruptions will pose a threat to the unprecedentedly growing market demand
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, fluctuations in the prices of raw materials will prove to be a demerit for the market. Therefore, this will challenge the market growth rate.
Also, dearth of awareness in underdeveloped regions and large scale availability of alternatives will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies and rising awareness about the availability of alternative and eco-friendly packaging solutions will also challenge the market growth rate.
This food service packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food service packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Food Service Packaging Market
The recent outbreak of coronavirus has proven to be a boon for the market. The pandemic steeped a rise in demand for convenient and flexible packaging solutions especially from the food and beverages industry. Hanging consumer consumption patterns worked in the favour of certain product manufacturers which in turn widened the scope of growth for the market. Though, the trade restrictions and supply chain disruptions impacted the market demand and supply, the future ahead lies in good situation.
Recent Developments
- May 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.
- April 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%.
Global Food Service Packaging Market Scope
The food service packaging market is segmented on the basis of material, packaging type, application, product type, fabrication process and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Plastic
- Metal
- Aluminum
- Paperboard
- Molded Fibers
- Others
On the basis of material, the food service packaging market is segmented into plastic, metal, aluminum, paperboard, molded fibers, and others. Plastic has been further segmented into polyethylene, polyamide, and ethylene vinyl alcohol.
Packaging Type
- Paper and Paperboard
- Flexible
- Rigid
- Others
Based on packaging type, the food service packaging market is segmented into paper and paperboard, flexible, rigid, and others.
Application
- Beverages
- Fruits and Vegetables
- Bakery and Confectionery
- Dairy Products
- Others
Food service packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for food service packaging market includes beverages, fruits and vegetables, bakery and confectionery, dairy products, and others.
Product Type
- Plates
- Trays
- Cups
- Bowls
- Pizza Box
- Straws
- Single Serve Portion Packs
- Clamshells
- Lids for Cups
- Stirrers
- Cutlery
Based on product type, the food service packaging market is segmented into plates, trays, cups, bowls, pizza box, straws, single serve portion packs, clamshells, lids for cups, stirrers, and cutlery.
Fabrication Process
- Thermoforming
- Die Cutting
- Injection Molding
On the basis of fabrication process, the food service packaging market is segmented into thermoforming, die cutting, and injection molding.
End-User
- Foodservice Outlets
- Institutional Foodservice Facilities
- Online Delivery Portals
Based on end-user, the food service packaging market is segmented into foodservice outlets, institutional foodservice facilities, and online delivery portals.
Food Service Packaging Market Regional Analysis/Insights
The food service packaging market is analysed and market size insights and trends are provided by country, material, packaging type, application, product type, fabrication process and end-user as referenced above.
The countries covered in the food service packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the food service packaging market due to the prevalence of wide customer base for packaged food. Asia-Pacific region is expected to hold the largest growth rate due to the changing consumer preferences along with rapid urbanization.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Service Packaging Market Share Analysis
The food service packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food service packaging market.
Some of the major players operating in the food service packaging market are Amcor plc (Australia), Dow (U.S.), Bemis Company, Inc. (U.S.), Westrock Company (U.S.), Sealed Air Corporation (U.S.), International Paper Company (U.S.), Reynolds Group Holding Limited (New Zealand), DS Smith (U.K), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Dart Product Europe Limited (U.K), Anchor Packaging Inc. (U.S.), Vegware (U.K), Sabert Corporation (U.S.), Union packaging (U.S.) and Fabri-Kal (U.S.) among others.
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