Food Service Packaging Market Projected to Reach USD 62.73 billion by 2023
Global Food Service Packaging Market - Segmented By Products (Rigid Packaging, Flexible Packaging), Application (Baked Goods, Dairy Products, Fruits and Vegetables), Application and Geography - Growth, Trends, and Forecasts (2018 - 2023)
(EMAILWIRE.COM, February 20, 2018 ) The Global Food Service Packaging Market was valued at USD 45.85 billion in 2017 and is projected to reach a value of USD 62.73 billion by 2023, at a CAGR of 5.36% over the forecast period, 2018-2023.
Browse details of 106 pages research report developed on “Global Food Service Packaging Market - Segmented By Products (Rigid Packaging, Flexible Packaging), Application (Baked Goods, Dairy Products, Fruits and Vegetables), Application and Geography - Growth, Trends, and Forecasts (2018 - 2023)” https://www.researchcosmos.com/reports/global-food-service-packaging-market-segmented-by-products-rigid-packaging-flexible-packaging/4244318
The global food packaging market is expected to witness steady growth, mainly because of a rising number of fast food centers, coupled with the rise in the number of quick-service restaurants in emerging countries. Growth in urban population and the consequent increase in demand for processed and prepared food have had a significant impact on the growth of the market. Another factor contributing to the market growth is the rapid growth of the organized retail sector. The increased use of environment-friendly and more durable packaging materials is majorly influenced by the consumer demand and is forcing vendors to develop innovative packaging solutions.
Innovations in Packaging Materials
Plastic packaging is increasingly replacing metal and glass packaging (especially for food products), and this is increasing the demand for flexible plastic packaging products and solutions. Moreover, plastic is the favored material for flexible packaging as it is highly versatile and can be converted into a number of shapes and sizes. It is flexible, durable, and versatile, which makes it very suitable for flexible packaging. The aesthetically appealing packaging are being used by manufacturers to attract consumers by providing customized and innovative packaging solutions, create awareness by differentiating their products, and establish the brand in the market.
Plastics Containers Segment Accounts for a Dominant Market Share
Demand for rigid plastic packaging is growing at a rapid rate, because it is lightweight, microwaveable, and is available in various design options. These products are gaining preference over glass bottles, jars, containers, and metal containers, owing to their multiple benefits. The growing adoption of microwaves in APAC is expected to further propel the growth of the market. Moreover, the recent trend and changing consumer preference for intelligent packaging solutions that can improve safety and convenience, extend product life shelf and monitor freshness, have also contributed to the growing demand for single-sized plastic containers.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/4244318
Europe to Account Significant Market Share
The food service packaging market in EMEA will witness a huge transformation in the packaging industry, owing to a surge in demand for flexible food packaging products in Western Europe. Germany is the leading exporter of fresh food products in the world. An ever-growing number of consumers eating off-the-shelf packaged food, along with rapidly changing consumer preferences from frozen food products, is expected to aid the market growth.
Key Developments in the Market
• October 2017 - Amcor in collaboration with Janoschka Ltd, developed Jaholo, a special micro-embossing printing technology that produces prismatic and pattern movement effects.
Major Players:
AMCOR LIMITED, BEMIS, OWENS ILLINOIS, DUPONT, CROWN HOLDINGS, GENPAK LLC, HEINZ COMPANY, SEALED AIR CORPORATION, SONOCO, PLASTIPAK HOLDINGS, amongst others
Got Some Questions, Inquire @ https://www.researchcosmos.com/inquire/4244318
Reasons to Purchase this Report
• Impact of increasing usage of sustainable packaging materials and increase in the number of mergers & acquisitions in the food service packaging market.
• Analyze various perspectives of the market with the help of Porter’s five forces analysis.
• Growth of various products, such as plastic containers, pouches, bags, etc.
• Regional analysis of the market.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Browse details of 106 pages research report developed on “Global Food Service Packaging Market - Segmented By Products (Rigid Packaging, Flexible Packaging), Application (Baked Goods, Dairy Products, Fruits and Vegetables), Application and Geography - Growth, Trends, and Forecasts (2018 - 2023)” https://www.researchcosmos.com/reports/global-food-service-packaging-market-segmented-by-products-rigid-packaging-flexible-packaging/4244318
The global food packaging market is expected to witness steady growth, mainly because of a rising number of fast food centers, coupled with the rise in the number of quick-service restaurants in emerging countries. Growth in urban population and the consequent increase in demand for processed and prepared food have had a significant impact on the growth of the market. Another factor contributing to the market growth is the rapid growth of the organized retail sector. The increased use of environment-friendly and more durable packaging materials is majorly influenced by the consumer demand and is forcing vendors to develop innovative packaging solutions.
Innovations in Packaging Materials
Plastic packaging is increasingly replacing metal and glass packaging (especially for food products), and this is increasing the demand for flexible plastic packaging products and solutions. Moreover, plastic is the favored material for flexible packaging as it is highly versatile and can be converted into a number of shapes and sizes. It is flexible, durable, and versatile, which makes it very suitable for flexible packaging. The aesthetically appealing packaging are being used by manufacturers to attract consumers by providing customized and innovative packaging solutions, create awareness by differentiating their products, and establish the brand in the market.
Plastics Containers Segment Accounts for a Dominant Market Share
Demand for rigid plastic packaging is growing at a rapid rate, because it is lightweight, microwaveable, and is available in various design options. These products are gaining preference over glass bottles, jars, containers, and metal containers, owing to their multiple benefits. The growing adoption of microwaves in APAC is expected to further propel the growth of the market. Moreover, the recent trend and changing consumer preference for intelligent packaging solutions that can improve safety and convenience, extend product life shelf and monitor freshness, have also contributed to the growing demand for single-sized plastic containers.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/4244318
Europe to Account Significant Market Share
The food service packaging market in EMEA will witness a huge transformation in the packaging industry, owing to a surge in demand for flexible food packaging products in Western Europe. Germany is the leading exporter of fresh food products in the world. An ever-growing number of consumers eating off-the-shelf packaged food, along with rapidly changing consumer preferences from frozen food products, is expected to aid the market growth.
Key Developments in the Market
• October 2017 - Amcor in collaboration with Janoschka Ltd, developed Jaholo, a special micro-embossing printing technology that produces prismatic and pattern movement effects.
Major Players:
AMCOR LIMITED, BEMIS, OWENS ILLINOIS, DUPONT, CROWN HOLDINGS, GENPAK LLC, HEINZ COMPANY, SEALED AIR CORPORATION, SONOCO, PLASTIPAK HOLDINGS, amongst others
Got Some Questions, Inquire @ https://www.researchcosmos.com/inquire/4244318
Reasons to Purchase this Report
• Impact of increasing usage of sustainable packaging materials and increase in the number of mergers & acquisitions in the food service packaging market.
• Analyze various perspectives of the market with the help of Porter’s five forces analysis.
• Growth of various products, such as plastic containers, pouches, bags, etc.
• Regional analysis of the market.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Contact Information:
Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results