The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2026 and key prospects over the forecast period 2017-2026.
The global food service packaging market is anticipated grow at a CAGR of 7.5% over the forecast period 2017-2026. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the food service packaging market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the food service packaging market. The food service packaging market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
- MEA and Japan
After reading the food service packaging market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the food service packaging market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
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To expand the understanding of opportunities in the global food service packaging market report looks at close quarters into the opportunities and new avenues in following key segments:
- Equipment Type
- Region
- End-Users
- Sales Channels
In addition to understanding the demand patterns of various end users, the report on the food service packaging market also enumerates trends expected to attract investments by other various associated industries.
Foodservice Packaging Market is valued at USD 72.87 Billion in 2019 and expected to reach USD 104.73 Billion by 2025 with the CAGR of 5.33% over the forecast period.Increasing demand for cost effective packaging solutions, rising preferences of consumers for convenience food and handy products, downsizing nature of packaging, rapid urbanisation, busy lifestyles that require quick & manageable packaging are the major factors for driving the growth of Global Foodservice Packaging Market.Scope of Global Foodservice Packaging Market Report-Food service packaging, also known as disposable food service products, has matured over time and includes a variety of packaging products such as bowls, plates, cups, flips, paper packaging, etc.
Food service packaging is made from recyclable materials, so it requires less resources and less energy; therefore, packaging and disposable packaging are inexpensive, and most importantly, their retail space is reduced by 35%, which makes it profitable.
On the basis of application, market is segmented into fruits, vegetables, dairy, bakery, meat, poultry, alcohol, non- alcoholic beverage and others.
As per the statistics from Environmental Protection Agency (EPA), the total generation of aluminium packaging was estimated to be around 1.9 million tons in 2017 and corrugated boxes occupy 12.2% of the total packaging production.
Moreover, increase in world population that fuels a subsequent increase in the demand for food, rising culture of corporate work, better sustainability and downsizing of packaging, as well as reasonable costing and features like heat-resistance, anti-fogging and cold-resistance are other major factors driving the market growth.
There are increasing endeavours towards development of sustainable green packaging that does not cause any harm to environment and is easy to recycle too.
Compostable Food Service Packaging market is anticipated to observe growth during the forecast period due to growing demand at the end user level.
Compostable Food Service Packaging report gives a clue about the uncertainties that may come up due to changes in business activities or introduction of a fresh product in the market.
The facts and figures included to produce this report are based on the data collection modules with large sample sizes.
It is a meticulous analysis of current scenario of the market, which takes into consideration several market dynamics.
This market research study assists customers in understanding a range of drivers and restraints in the Compostable Food Service Packaging industry which impacts the market during forecast period.Compostable food service packaging market is expected to reach USD 33.11 million by 2027 growing at a rate of 7.90%in the forecast period 2020 to 2027Compostable Food Service Packaging market report also comprises of details of all the parameters mentioned above hence it can be utilized well for the business.
Moreover, Compostable Food Service Packaging market report explains company profiling of key players in the market, suspiciously analyzing their core competencies, and illustrating a competitive landscape for the Compostable Food Service Packaging industry.
