Sarasota, FL -- (SBWire) -- 05/04/2018 --Global Food Service Packaging Market: Overview
Food service packaging is also called as single-use food service items that have matured gradually to comprise an extensive variety of packaging products, for instance, plates, bowls, clamshells, cups, wraps, and so on. The global food service packaging market serves as an extensive and well-established sector of food service, which includes online as well as offline food service eateries that are serving many people all over the world due to its many advantages.
Global Food Service Packaging Market: Growth Factors
Decent range of packaging solutions has come out as the most important part to categorize the items on the basis of their capacity in securing the products and upgrading components. Purchaser/consumers across the world are now particularly more concerned with cleanliness associated with the food packaging along with choosing the food products that are easy to carry, thus increasing the demand of the global food service packaging market. Considerable parts of food service packaging are one-time use only and can be recycled. These products are majorly made up of plastic and foam; and they help to keep the food away from contamination, thus driving the food service packaging market growth.
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Additionally, food packaging is considered as most practical when compared with non-dispensable food service products. Dispensable foodservice products are usually light in weight and have the ability to hold both cold and hot food and drinks, which is furthermore, projected to propel the market development.
Global Food Service Packaging Market: Segmentation
The food service packaging market is classified in terms of material type, plastic segment, fabrication process, end-user, and product type. In terms of material type, the food service packaging market is divided into aluminum, fiber-based, and plastic. The fiber-based division is further sub-divided into clay coated cardboard, corrugated paperboard, and molded fiber. The plastic division is further subdivided into polylactic acid (PLA), polyethylene, polyethylene terephthalate, polystyrene (PS), and polypropylene.
Based on the fabrication process, the food service packaging market is categorized into thermoforming, injection molding, and die cutting. In terms of the end user, the food service packaging market is classified into online food ordering, on the go breakfast, takeaway meals, foodservice outlets, bakery, institutional food services, and other end users. In terms of product type the market is divided into clamshell containers (hinge-lid containers), bowls, pizza boxes, plates, shallow trays, bottles, cups, two-piece containers, single serve portion packs, cans, and other products. Other products are subdivided into spoons, napkins, and straws.
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Global Food Service Packaging Market: Regional Analysis
In the regional point of view, the global food service packaging market is classified into major seven key regions including Latin America, the Middle East and Africa, North America, Asia Pacific, Europe, and Japan. Due to the growth in several food chains particularly in the Asia Pacific region, the popularity and demand for the food service packaging are furthermore projected to rise at a significant rate. The expansion and growth of the market in the region can similarly be attributed to the increase in the disposable income of many individuals in the region; in addition, their first choice towards fast food services thus fuelling the market expansion.
The sedentary and hectic life of people in Europe and the Middle East and Africa has affected their eating/dietary patterns, therefore initiating people to go for ordering food online or ask for a takeaway from eating joints. Therefore, the demand and popularity for the global food service packaging market in these regions has augmented significantly and is projected to hold the same position in the coming future.
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Global Food Service Packaging Market: Competitive Players
Some of the most important market players in the global food service packaging market are Golden Box Ltd., Huhtamaki OYJ, Genpak, LLC, D&W Fine Pack, Linpac Packaging, Gold Plast SPA, Pactiv LLC, Smurfit Kappa Group, Stanpac Inc., WestRock Company, Southern Champion Tray, New Method Packaging, Magnum Packaging, DS Smith, Michigan Box Company, and International Paper Company, among others.
Global Food Service Packaging Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Important changes in market dynamics
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Food Service Packaging Market: Global Financial Measurements 2016–2024