Food Service Packaging Market is projected to be worth US$ 100,715.0 Mn and Growing at a CAGR of 5.3% during forecast period 2021-2027

The food service packaging market was valued at US$ 63,605.3 Mn in 2018 and is projected to be worth US$ 100,715.0 Mn by 2027, growing at a CAGR of 5.3% during the forecast period.

Food service packaging includes products such as cans, bottles, jars, ampules, plastic pots, aerosol containers, and wraps, among others, to preserve food products from contamination for an extended period. It protects the food products from contamination caused by microorganisms, air, and moisture, and helps catalytic activity in fresh food. It plays an essential role in maintaining quality and keeping food safe during handling and transportation. Foodservice packaging offers a marketing medium to the food service providers and helps improve customer satisfaction levels as well as information transmission.

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Key Players:

1. Amcor plc.
2. Ball Corporation
3. Berry Global, Inc.
4. Dow Inc.
5. DS Smith PLC
6. Genpak LLC
7. Huhtamäki Oyj
8. Reynolds Group Holdings Limited
9. Sealed Air Corporation
10. WestRock Company

Food Service Packaging Market Segmentation:

Food service Packaging Market – By Material

• Plastic
• Metal
• Others

Food service Packaging Market – By Packaging Type

• Flexible
• Rigid

Food service Packaging Market – By Application

• Beverages
• Prepared Meals
• Fruits and Vegetables
• Bakery and Confectionery
• Dairy Products
• Others

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Food Service Packaging market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Food Service Packaging market segments and regions.

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