Food Service Packaging Market Growth with Recent Trends & Demand at CAGR 10.56% during the forecast period 2021–2028

According to MRFR analysis, the global Food Service Packaging Market is expected to register a CAGR of  10.56% from 2021 to 2028 and hold a value of over USD 97.38 billion by 2028.

Food service packaging refers to the materials and containers used to package and transport food items for sale or consumption in the food service industry, which includes restaurants, cafes, catering services, and other food-related businesses. These materials and containers can include things like takeout boxes, bags, containers for hot or cold foods, cups, cutlery, straws, and napkins. The COVID-19 pandemic has had a significant impact on the food service industry and the use of food service packaging. With the implementation of social distancing measures and the closure of many indoor dining areas, there has been a shift towards takeout and delivery options, which has led to an increase in the use of food service packaging. Many businesses have also implemented additional safety measures, such as using disposable or single-use packaging to reduce the risk of transmission of the virus.

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Regional Analysis

North America currently has the highest market share for packaged foods globally, due to the continent’s vast population. The Asia-Pacific region is expected to see the highest market growth in the coming years due to growing urbanization in developing countries. The increasing adoption of takeaway restaurants and changing consumer preferences will also contribute to market growth in the region.

Market Segmentation

The Global Food Service Packaging market has been segmented into product and application.

Based on the product, the market has been segmented into Flexible Packaging, Rigid Packaging, Paper and Pouches, Bags, and Others.

Based on the application, the market has been segmented into Dairy Products, Fruits and Vegetables, Baked Goods, and Others.

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Key Players

Some of the key market players are Amcor Limited, Ball Corporation, Ampac Packaging LLC, Bemis Company Incorporated, Crown Holdings Incorporated, BWAY Corporation, Greif Incorporated, Letica Corporation, and Rock-Tenn Company.

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