Global Food Service Packaging Industry Press Release
Portland, OR -- (SBWIRE) -- 10/04/2017 -- Progressive Markets has published a recent report on the food and beverages sector, which titled, "Global Food Service Packaging Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025". The study is suitable for manufacturers and stakeholders owing to comprehensive analysis it offers of factors that increase or decrease growth of the market.
The research gives a brief introduction of the global food service packaging market in terms of its scope. It offers summary which includes significant findings, market attractiveness, competitive landscape, recent developments, and trend analysis. It incorporates research methodology, such as Porter's Five Forces Analysis (PFFA) to understand rivalry in the industry. This also includes bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into packaging types, materials, applications, and geographies.
According to the study, the global food service packaging industry finds its applications in meat, poultry & seafood, bakery & snack, dairy, frozen food, cereal & grain, candy & confectionery, shelf stable, and perishable prepared. Geographically, the research segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific. It splits packaging type of the industry into rigid and flexible. It segments material of the market into plastics, papers & paperboard, and metals.
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The report analyzes share of the global food service packaging market by materials, packaging types, applications, and geographies during the period, 2014–2025. It assesses market size of each material, packaging type, and application by region for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all nations of the industry during the aforementioned period.
The study discusses big market players of the global food service packaging market, such as Amcor Limited, The DOW Chemical Company, Bemis Company, Inc., Westrock Company, Huhtamaki OYJ, Ball Corporation, Sealed Air Corporation, Reynolds Group Holding, Berry Plastic Corporation, and International Paper Company. It offers brief introduction of every manufacturer. Further, it analyzes business and finance segment of each company. It also evaluates recent advancements made by every firm. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include rise in preferences by consumers for packaged protein rich meat. It discusses alternate aspects that propel demand of the industry, such as increase in hygiene standards and preference for online grocery shopping.
The experts describe features that cause slow progress of the global food service packaging market, such as strict government regulations and high costs for development and installation of devices in emerging economies. Moreover, the study provides certain key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides comprehensive evaluation of aspects that have potential to restrict or drive the industry.
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The study on the global food service packaging market offers investors and manufacturers to identify opportunities present in the industry. It enables them to grab the future projects. It also encourages new entrepreneurs to participate in the market by providing the detailed information. The report helps to recognize the possible future investment pockets, thereby, promotes collaborations among vendors. It anticipates challenges and restraints of the industry which help producers and key stakeholders to take corrective steps during the forecast period.