About Food Service Packaging
Advances in food service packaging play a primary role in keeping the safest food supply in the world. Food service packaging maintains the benefits of food processing after the process is complete, allowing foods to travel safely for long distances from their point of origin and still be healthy at the time of consumption. But, packaging technology must balance food protection with other issues, containing energy and material costs, heightened social and environmental awareness, and strict regulations on pollutants and disposal of municipal solid waste. Food service packaging provides more options to ensure that the packaging meets the needs of operators and their customers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Service Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amcor Limited (Australia), The Dow Chemical Company (United States), Bemis Company, Inc (United States), WestRock Company (United States), Sealed Air Corporation (United States), International Paper Company (United States), Reynolds Group Holding Limited (New Zealand), DS Smith Plc (United Kingdom), Huhtamaki Oyj (Finland), Berry Plastic Corporation (United States) and Ball Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Genpak, LLC (United States), Dart Product Europe Limited (United Kingdom), Anchor Packaging Inc. (United States), Vegware Ltd. (United Kingdom) and Sabert Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Service Packaging market by Type (Rigid Packaging and Flexible Packaging), Application (Baked Goods, Dairy Products, Beverages and Fruits & Vegetables) and Region.
On the basis of geography, the market of Food Service Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fabrication Process, the sub-segment i.e. Injection Molding will boost the Food Service Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Food Service Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing the Number of Restaurants and Their Takeaway Facilities
Market Growth Drivers:
Increase In Demand for Ready to Eat and Processed Packaged Food and Low Cost of These Materials Used For Packaging
Challenges:
Increasing Instances of Food Wastage
Restraints:
Strict Rules & Regulations
Opportunities:
Increasing development of organized retail sector
On 11 Feb, 2019, Huhtamaki launches high-quality, sustainable paper straws which are used by millions of people every day when enjoying drinks on-the-go.
The Food and Drug Administration (FDA) is responsible for assuring that foods sold in the United States are safe, wholesome and properly labeled. This applies to foods produced domestically, as well as foods from foreign countries. The Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act are the Federal laws governing food products under FDA's jurisdiction. and The Nutrition Labeling and Education Act (NLEA), which amended the FD&C Act requires most foods to bear nutrition labeling and requires food labels that bear nutrient content claims and certain health messages to comply with specific requirements.
Key Target Audience
Food Service Packaging Providers, Food Industry, Governmental Bodies, Distributer & Supplier companies and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.