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The global food service packaging market was valued at approximately $72.91 billion in 2019 and it is expected to grow with a healthy growth rate of more than 5.23% during the forecast period of 2020 to 2027.<\/p>\n
GET FREE SAMPLE COPY @https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=bw1004<\/a><\/p>\n The global food service packaging market is driven by various factors such as growing demand for convenient food, and cost effectiveness of food service packaging. For instance, the convenience food revenue was globally valued at $0.56 million in 2020 and it is expected to grow with a growth rate of 0.3% annually till 2025, as per Statista. However, government strict rule and regulations for food service packaging is a major factor hampering the growth of the global food service packaging market during the forecast period.<\/p>\n The global food service packaging market is segmented on the basis of material, packaging type, application, and region. By geographical region, the global food service packaging market is studied among North America (US, Canada, Mexico), Europe (Germany, France, Italy, Spain, UK, rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, rest of Asia-Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa, rest of LAMEA). Among which, North America is expected to lead the global food service packaging market during the forecast period in terms of the market share. This is attributed to growing demand for convenient food by consumers in this region. On the other hand, Asia-Pacific is expected to exhibit highest CAGR during the forecast period from 2020 to 2027 owing to factors including growth in the food & beverage industries, and packaging industries across the Asia-Pacific region.<\/p>\n Major market player included in the research study of the global food service packaging market are Amcor Limited, Westrock Company, Huhtamaki OYJ, Berry Plastic Corporation, Bemis Company, Inc., International Paper Company, Ball Corporation, Sealed Air Corporation, Reynolds Group Holding, and DS Smith PLC.<\/p>\n Recent Developments in the Global Food Service Packaging Market<\/strong><\/p>\n Ball Corporation<\/strong> is a leading provider of metal packaging for food & beverages, and household product. It supplies technologies and services to governmental, commercial and its customers. In January 2020, the company announced to launch an extruded aluminum bottle line, specially designed to provide a circular solution to plastic pollution.<\/p>\n WestRock Company<\/strong> deals in corrugated packaging solutions and offers pulp, protective packaging, kraft papers, folding cartons, paperboard and merchandising displays to its customers. In 2017, the company announced to acquire all the outstanding shares of Multi Packaging Solutions International Limited for $18.00 per share in cash and the assumption of $873 million in net debt.<\/p>\n Berry Plastics Corporation<\/strong> is a leading manufacturer and supplier of a diverse mix of injection-molded plastics packaging products. The company focuses on housewares, drink cup, open-top container, aerosol overcap and closure markets. In July 2019, the company launched 100% post-consumer recycled and fully recyclable bottle.<\/p>\n READ FULL REPORT @https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=bw1004<\/a><\/strong><\/p>\n About Report Ocean:<\/strong><\/p>\n We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.<\/p>\n Get in Touch with Us<\/strong>:<\/p>\n Report Ocean<\/strong><\/p>\n Name: Pragya Niranjan<\/p>\n Email: sales@reportocean.com<\/p>\n Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES<\/p>\n Tel: +1 888 212 3539 (US – TOLL FREE)<\/p>\n Website:https:\/\/www.reportocean.com\/<\/a><\/p>\n Tags: Food Service Packaging Market<\/a><\/p>\n Tags:<\/b> +1 888 212 3539<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
\nBy material,<\/strong><\/span> the global food service packaging market is sub-segmented into metal, plastic, and others.
\nBy packaging type<\/strong><\/span>, the global food service packaging market is sub-segmented into rigid, flexible, paper, paperboard, and others.
\nBy application<\/strong><\/span>, the global food service packaging market is sub-segmented into bakery& confectionery, food & beverages, fruit & vegetables, dairy products, and others.<\/p>\nSee Campaign: <\/strong>https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=bw1004<\/a>
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The global food service packaging market was valued at approximately $72.91 billion in 2019 and it is expected to grow with a healthy growth rate of more than 5.23% during the forecast period of 2020 to 2027. GET FREE SAMPLE COPY @ https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=bw1004 The global food service packaging market is driven by various factors such as … Continue reading Food Service Packaging Market 2020: Global Outlook, COVID-19 Impact Analysis, Trends, Growth, Size, Share, Opportunity and Forecast Till 2027<\/span><\/a> Continue Reading