Foodservice Packaging Market is valued at USD 46.65 Billion in 2020 and expected to reach USD 67.94 Billion by 2027 with the CAGR of 5.76% 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. The global food service market serves a wide range of complete food service industries, including offline and online food service stores, which serve a large number of people around the world.
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Foodservice Packaging Companies:
- The Dow Chemical Company
- International Paper Company
- Vegware
- Sabert Corp.
- Union Packaging
- Sealed Air Corp
- Westrock Company
- Ball Corp.
- others
On the basis of application, market is segmented into fruits, vegetables, dairy, bakery, meat, poultry, alcohol, non- alcoholic beverage and others. On the basis of type, the market is segmented into paper packaging, flexible packaging, paperboard, rigid packaging and others.
Key Benefits of Global Foodservice Packaging Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Foodservice Packaging Market Segmentation: -
By Material: Plastic, Aluminum, Metals
By Type: Paper packaging, Flexible packaging, Paperboard, Rigid packaging
By Application: Fruits, Vegetables, Dairy, Bakery, Meat, Poultry, Alcoholic beverages, Non- alcoholic beverage
The regions covered in this Foodservice Packaging market report are North America, Europe, Asia Pacific and rest of the World. On the basis of country level, market of Foodservice Packaging is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
