Foodservice Packaging Market Synopsis
Foodservice Packaging Market Size is Valued at USD 482.13 Billion in 2023 and is Projected to Reach USD 723.2 Billion by 2032, Growing at a CAGR of 5.20% From 2024-2032.
Foodservice packaging means disposable products, from containers to materials that are used in the housing and transportation of foods and drinks in the food service industry. These are articles such as cups, plates, bowls, trays/containers, clamshells, as well as different types of wraps and bags. As takeout and delivery services have risen in popularity, proper sanitation has become important as it not only preserves the quality, hygiene, and presentation of food but also answer the demand towards customer dining preference. It is also changing to accommodate rising needs for more sustainability and products that are less hazardous to the environment or environment-friendly, reusable, bio-degradable, or capable of being composted or recycled.
- The current market of foodservice packaging is continuously growing at a steady pace due to the following reasons. The growing requirements for packaging with high accessibility and environmental protection are considered as the key factors. This is because through information and awareness campaigns, consumers are becoming more aware of the need to preserve the environment hence opting for sustainable packaging also known as biodegradable and recyclable packaging. This change is expected to increase manufacturing competition and encourage efficient production methodologies that are eco friendly, enabling the market’s growth.
- Not only this, the advancement in procurement technologies that have increased online food delivery services is also playing a great role in enhancing the demand of foodservice packaging. The most popular food delivery services have steered people to take away or delivery services; hence, the demand for the efficient packaging that can guarantee food quality and safety in transit. Such a tendency is even more noticeable in large cities where the need for healthy and convenient meals as well as the development of food delivery markets contribute to market growth.
- It is also fueled by the continued innovation in packaging solutions found in the market. Techniques like MAP (Modified Atmosphere Packaging) and vacuum packing are enabling the food products to stay fresh for longer periods and hence increasing its appeal to the customers as well as establishing the convenience of having them in business. The aforementioned are being adopted more and more by the foodservice providers to capture the opportunities in the ever-evolving markets.
- Furthermore, various forces are regulating the foodservice packaging market. To curb the usage of plastic goods and the effects of non-recyclable packaging, the governments and regulatory authorities of various countries are putting policies in place. These have put pressure on organisations to change towards eco-friendly packaging materials which act as another factor boosting the industry.
Foodservice Packaging Market Trend Analysis
Transformative Trends in the Global Foodservice Packaging Market
- These are some of the critical and emerging trends that the Foodservice Packaging Market trends are experiencing, and will continue to experience as it continues to expand. The uses of packaging are another important driver and these include the push for convenient packaging, eco-friendly packaging, and affordable packaging. Due to increased orders of takeaway foods through online deliveries and the overall growth of the takeaway food business there is a need for packaging that enhances the quality of the food and also its heat when delivered.
- Plastic packaging is being replaced daily by completely natural packaging materials that are eco-friendly and can decompose, including biodegradable and compostable packaging, owing to the accumulating environmental awareness among consumers. This pressured manufacturers to shift and design and use environment friendly material, thus they come up with various types of sustainable packaging.
- Moreover, the strict regulation policies adopted by the governments across the world in reducing the use of plastics and encouraging the recycling of foodservice packaging are another factor that impact the Foodservice Packaging Market heavily. These restrictions are encouraging firms to adhere to these guidelines and spend more on developing reusable packaging solutions.
- Other trends include new and improved designs of the packaging to suit the user and is extended to functional closures and convenient features that consist of features like leak and tamper. The shift towards adopting innovative designs including personalized and brand related packaging to foster customer interest and brand identification also considerably fuels market growth.
Driving Growth with Innovation,The Foodservice Packaging Market Landscape
- This paper identifies that there are many opportunities in the foodservice packaging market in view of the shifting consumer trends, rising focus on convenience and the growing consciousness of environmentally friendly packaging solutions. Due to the robust growth of delivery and takeout services because of the COVID-19 scenario, trending packaging material solutions have gained substantial popularity.
- Foodservice companies are moving towards packaging materials that are not only most effective in maintaining the quality and safety of the food products processed, but also creates value for the customers. This has diverse has created a high demand for packaging solutions that are leak-proof, temperature resistant and that indicate tampering. Further, the increased conversations about sustainability has pushed organizations to direct their resources towards the utilization of sustainable materials for packaging including biodegradable, compostable and recyclable ones. This is in sync with consumer consciousness for more eco- friendly products and surmises a growth niche over the years for the commercial organizations providing sustainable packaging.
- Furthermore, the research also indicates that developments in the packaging technology are providing extensive opportunities in the growth of the foodservice packaging market. Some emerging concepts are smart packaging solutions that include monitoring the freshness and longevity of the food. These technologies do not only enhance the quality of food but also food wastage which remains one of the biggest issues to both consumers and contractors.
- Other ways through which innovation is improving consumer interaction includes the implementation of Quick Response codes as well as augmented reality within packaging materials. In addition, there is hygienic packaging which has become more fashionable today due to the growth in urbanization and the rising trend of busy life among consumers. Firms that will be able to figure out and come up with improved, efficient, and sustainable food service packaging formats stand to benefit from the increasing prospects of the fs packaging market.
Foodservice Packaging Market Segment Analysis:
Foodservice Packaging Market is Segmented on the basis of materials, Packaging Type, and Application.
By Material, plastic segment is expected to dominate the market during the forecast period
- The market is clearly divided into the use of various types of materials, which differ in characteristics and have the potential to meet certain needs. Plastic is one of the most utilized materials that can be used for almost any purpose because it is cheap, durable and versatile in almost all its forms.
- Mainly used in packaging foods such as snacks, meat products, pastries, desserts, candies, popcorns, etc. that must be airtight and heat tolerant. Metal, in its turn, is preferred because of its mechanical strength and heat resisting ability needed when packing hot meals and hot/boiling drinks. Such materials as Glass, are non-reactive and recyclable and commonly used for packaging of the food and beverages giving it a prestige look and a preserving quality.
- Products made from papers and paper boards have also become popular due to their environmentally friendly and degradable properties. These materials are now employed in the various packaging hul of boxes, bags and wrappings in order to meet the consumer trends related to eco-friendly and biodegradable packaging. All the materials have distinct advantages that make it possible to choose the most appropriate selection for foodservice firms and customers.
By Application, Bakery & Confectionery segment held the largest share in 2023
- When considering the foodservice packaging market, the application segmentation is diverse, encompassing a plethora of food categories. The certain types of productions, namely dairy products need packing that can keep them fresh and free from any contamination and for this, often use certain packing material which has high barrier property against moisture and anti-oxidants.
- Meat and poultry packaging is mainly related to product preservation and the period the product is expected to stay fresh, normally done by special packaging methods such as vacuum packed or modified atmosphere packed. Perishable products such as fruits and vegetables require packaging material that can retain the food’s original form and freshness as much as possible and, in most cases, include packaging films that permits gas exchange to control moisture.
- Foodstuffs that are processed in a bakery and confectionery need to be packed in a way that will preserve the soft nature of the food items, as well as the taste, which is why most of them use constructive and aesthetic packaging to appeal to the target market as well as protect the food items.
- It is a growing category Packers and new product developers must meet the packaging needs for convenience foods that add to grow-one-use features such as resealable closures as well as microwaveable substrates. All the application categories are different which makes it necessary to administer specific type of packaging that would not only improve the quality of the product, its safety but also its attractiveness to the customers.
Foodservice Packaging Market Regional Insights:
Comprehensive Overview of the Asia-Pacific Foodservice Packaging Market
- The demand for convenience food is rising, consumer lifestyles are changing, and the food delivery sector is expanding, all of which are contributing to the significant expansion of the Asia-Pacific foodservice packaging market. This market includes a broad variety of packaging items that are used to package food and drinks for consumption at cafeterias, restaurants, fast-food outlets, and other foodservice venues. Examples of these products include disposable plates, bowls, cups, trays, wraps, and containers.
- The Asia-Pacific region's foodservice packaging industry is mostly driven by the region's fast urbanization and subsequent rise in the number of diners. Because of their hectic lifestyles brought on by urbanization, many individuals choose quick and easy meals. Because it offers a quick and hygienic option to serve and eat meals on the go, this trend has increased demand for foodservice packaging.
- The growing awareness of food safety and cleanliness is another factor propelling the growth of the foodservice packaging market in the Asia-Pacific region. Food packaging that guarantees food safety and freshness is in greater demand as consumers get increasingly picky about the quality of the food they eat. Foodservice packaging is essential to preserving the food's quality and hygienic conditions, which promotes the food's acceptance in the area.
- Moreover, the Asia-Pacific foodservice packaging market is expanding due in part to the growing trend of meal delivery services. Packaging that is appropriate for delivering food over long distances while keeping it fresh and intact is in greater demand due to the growing popularity of online ordering services and meal delivery applications. As a result, there is a growing need in the area for robust and leak-proof packaging options.
Active Key Players in the Foodservice Packaging Market
- Amcor plc (Switzerland)
- AptarGroup, Inc. (US)
- Ball Corporation (US)
- Bemis Company, Inc. (US)
- Berry Global Group, Inc. (US)
- Constantia Flexibles Group GmbH (Austria)
- Coveris Holdings S.A. (US)
- Crown Holdings, Inc. (US)
- DS Smith plc (UK)
- Graphic Packaging Holding Company (US)
- Huhtamaki Group (Finland)
- Interflex Group Inc. (US)
- Mondi plc (UK)
- Printpack, Inc. (US)
- Reynolds Group Holdings Limited (New Zealand)
- RPC Group plc (UK)
- Sealed Air Corporation (US)
- SIG Combibloc Group AG (Switzerland)
- Silgan Holdings Inc. (US)
- Sonoco Products Company (US)
- Tetra Pak (Switzerland)
- Toyo Seikan Group Holdings, Ltd. (Japan)
- Uflex Ltd (India)
- WestRock Company (US)
- Winpak Ltd. (Canada)
- Others
Key Industry Developments in the Foodservice Packaging Market:
- In May 2023, as part of the company's ongoing transformation, Sealed Air Corporation declared that it has formally changed its corporate brand to SEE®. Sealed Air is a market-driven, customer-first solutions firm that has transformed its corporate and iconic brands to SEE. Delivering packaging solutions that integrate automation, digital, and sustainability, SEE collaborates with clients to add substantial value to their enterprises.
Global Foodservice Packaging Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 482.13 Bn. |
Forecast Period 2024-32 CAGR: |
5.20 % |
Market Size in 2032: |
USD 723.2 Bn. |
Segments Covered: |
By Material |
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By Packaging Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- FOODSERVICE PACKAGING MARKET BY MATERIAL (2017-2032)
- FOODSERVICE PACKAGING MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- PLASTIC
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- METAL
- GLASS
- PAPER
- PAPERBOARD
- FOODSERVICE PACKAGING MARKET BY PACKAGING TYPE (2017-2032)
- FOODSERVICE PACKAGING MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BOTTLES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CANS
- POUCHES
- BOXES
- FLEXIBLE
- FOODSERVICE PACKAGING MARKET BY APPLICATION (2017-2032)
- FOODSERVICE PACKAGING MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- DAIRY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- POULTRY & MEAT
- FRUITS & VEGETABLES
- BAKERY & CONFECTIONERY
- CONVENIENCE FOODS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Foodservice Packaging Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- AMCOR PLC (SWITZERLAND)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- APTARGROUP, INC. (US)
- BALL CORPORATION (US)
- BEMIS COMPANY, INC. (US)
- BERRY GLOBAL GROUP, INC. (US)
- CONSTANTIA FLEXIBLES GROUP GMBH (AUSTRIA)
- COVERIS HOLDINGS S.A. (US)
- CROWN HOLDINGS, INC. (US)
- DS SMITH PLC (UK)
- GRAPHIC PACKAGING HOLDING COMPANY (US)
- HUHTAMAKI GROUP (FINLAND)
- INTERFLEX GROUP INC. (US)
- MONDI PLC (UK)
- PRINTPACK, INC. (US)
- REYNOLDS GROUP HOLDINGS LIMITED (NEW ZEALAND)
- RPC GROUP PLC (UK)
- SEALED AIR CORPORATION (US)
- SIG COMBIBLOC GROUP AG (SWITZERLAND)
- SILGAN HOLDINGS INC. (US)
- SONOCO PRODUCTS COMPANY (US)
- TETRA PAK (SWITZERLAND)
- TOYO SEIKAN GROUP HOLDINGS, LTD. (JAPAN)
- UFLEX LTD (INDIA)
- WESTROCK COMPANY (US)
- WINPAK LTD. (CANADA)
- COMPETITIVE LANDSCAPE
- GLOBAL FOODSERVICE PACKAGING MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Material
- Historic And Forecasted Market Size By Packaging Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Foodservice Packaging Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 482.13 Bn. |
Forecast Period 2024-32 CAGR: |
5.20 % |
Market Size in 2032: |
USD 723.2 Bn. |
Segments Covered: |
By Material |
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By Packaging Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Foodservice Packaging Market research report is 2024-2032.
Amcor plc (Switzerland), AptarGroup, Inc. (US), Ball Corporation (US), Bemis Company, Inc. (US), Berry Global Group, Inc. (US), Constantia Flexibles Group GmbH (Austria), Coveris Holdings S.A. (US), Crown Holdings, Inc. (US), DS Smith plc (UK), Graphic Packaging Holding Company (US), Huhtamaki Group (Finland), Interflex Group Inc. (US), Mondi plc (UK), Printpack, Inc. (US), Reynolds Group Holdings Limited (New Zealand), RPC Group plc (UK), Sealed Air Corporation (US), SIG Combibloc Group AG (Switzerland), Silgan Holdings Inc. (US), Sonoco Products Company (US), Tetra Pak (Switzerland), Toyo Seikan Group Holdings, Ltd. (Japan), Uflex Ltd (India), WestRock Company (US), Winpak Ltd. (Canada), and Other Major Players.
The Foodservice Packaging Market is segmented into by Material (Plastic, Metal, Glass, Paper, Paperboard), Packaging Type (Bottles, Cans, Pouches, Boxes, Flexible), Application (Dairy, Poultry & Meat, Fruits & Vegetables, Bakery & Confectionery, Convenience Foods). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Foodservice packaging mean disposable products, from containers to materials that are used in the housing and transportation of foods and drinks in the food service industry. These are articles such as cups, plates, bowls, trays/containers, clamshells, as well as different types of wraps and bags. As takeout and delivery services have risen in popularity, proper sanitation has become important as it not only preserves the quality, hygiene, and presentation of food but also answers the demand towards customer dining preference. It is also changing to accommodate rising needs for more sustainability and products that are less hazardous to the environment or environment-friendly, reusable, bio-degradable, or capable of being composted or recycled.
Foodservice Packaging Market Size is Valued at USD 482.13 Billion in 2023 and is Projected to Reach USD 723.2 Billion by 2032, Growing at a CAGR of 5.20% From 2024-2032.