Food Service Packaging Market

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Food Service Packaging Market worth 84.33 Billion
USD by 2022
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• The report "Food Service Packaging Market by
  Material (Plastic, Metal), Packaging Type
  (Flexible, Rigid, Paper Paperboard),
  Application (Alcoholic Beverages, Non-alcoholic
  Beverages, Fruits Vegetables, Bakery
  Confectionery) - Global Forecast to 2022", The
  food service packaging market size is estimated
  to grow from USD 65.36 Billion in 2017 to USD
  84.33 Billion by 2022, at a CAGR of 5.23 during
  the forecast period.
• The global food service packaging market is
  projected to witness decent growth in the next
  few years due to the changes in consumer demand
  patterns. The growth in demand for ready-to-eat
  food, quick service restaurants, and the
  popularity of using convenient packaging are
  driving the demand for food service packaging.

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• Browse 180 market data tables and 38 figures
  spread through 209 pages and in-depth TOC
  on "Food Service Packaging Market by Material
  (Plastic, Metal), Packaging Type (Flexible,
  Rigid, Paper Paperboard), Application
  (Alcoholic Beverages, Non-alcoholic Beverages,
  Fruits Vegetables, Bakery Confectionery) -
  Global Forecast to 2022"View detailed Table of
  Content here -https//www.marketsandmarkets.com/Ma
  rket-Reports/food-service-packaging-market-1714547
  76.html
• Non-alcoholic beverage segment to gain maximum
  traction during the forecast period
• The non-alcoholic beverage sector is projected to
  grow at the highest CAGR during the forecast
  period. The growth can be attributed to the
  increase in the consumption of energy drinks,
  fruit juices, and soft drinks. Additionally, the
  growth in demand for food from quick service
  restaurants, fast food outlets, and hotels has
  fostered the demand for food service packaging in
  a variety of segments.

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Flexible packaging segment projected to be the
fastest-growing during the forecast period On
the basis of packaging type, the flexible segment
is projected to grow at the highest CAGR from
2017 to 2022. This growth can be attributed to
its cost effectiveness, easy recyclability, and
flexibility to pack any type of food
products. Asia-Pacific region accounted for the
largest market share in the food service
packaging market In 2016, the Asia-Pacific
region contributed a major market share in the
global food service packaging market. It is also
projected to register the highest growth from
2017 to 2022, while India is projected to be
fastest-growing country-level market in the
region for the food service packaging market.
North America is projected to grow at the
second-highest rate between 2017 and 2022, with
the U.S. registering the highest growth rate in
the region. Emerging economies such as UAE,
Brazil, Saudi Arabia, and other countries in the
Middle East are projected to grow at moderate
CAGRs between 2017 and 2022.
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The global market for the food service packaging
markets is dominated by major players of the
packaging industry. Amcor Limited (Australia),
The Dow Chemical Company (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 Plc (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 Ltd. (U.K.), Sabert
Corporation (U.S.), Union packaging (U.S.),
Fabri-Kal (U.S.), Excellent Packaging Supply
(U.S.), BSI Biodegradable Solution (Canada), ISAP
Packaging SPA (Italy), Landon Bio Packaging
(U.K.),Hefei Hengxin Environmental Science
Technology Co., Ltd (China), King Yuan Fu
Packaging Co., Ltd. (Taiwan), and Bionatic GMBH
Co. Kg (Germany) are the leading manufacturers
operating in the food service packaging market.
These players adopted various strategies to
expand their global presence and increase their
market share. Mergers acquisitions, expansions,
and new product launches are some of the key
strategies adopted by the market players to
achieve growth in the food service packaging
market. For more information on report, speak
with analyst at, https//www.marketsandmarkets.com
/speaktoanalystNew.asp?id171454776
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