Dublin, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The "Food Service Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Food Service Packaging Market is experiencing dynamic growth and is projected to reach an estimated value of $148.7 billion by 2030. Here are some key insights and highlights from the report:
Market Growth: The Food Service Packaging market was valued at $76.4 billion in 2022 and is projected to grow at a CAGR of 8.7% to reach $148.7 billion by 2030.
Market Segmentation: The report analyzes the market based on different segments, with a particular focus on the Plastic segment, which is projected to reach $74.8 billion by the end of the forecast period. Plastic is a significant material in food service packaging.
Geographic Insights: The report provides insights into the market's potential across different countries. The U.S. Food Service Packaging market is estimated at $20.2 billion in 2022, while China is forecasted to reach a projected market size of $34 billion by 2030. Notable markets also include Japan and Canada, with projected growth rates of 5.7% and 7%, respectively.
Market Dynamics: The report considers factors like post-pandemic recovery and reevaluates growth rates in segments, including a revised 8% CAGR for the Metal segment.
The report is a valuable resource for professionals in the Food Service Packaging industry. It provides strategic intelligence to stay competitive and capitalize on emerging opportunities. With features like online interactive peer-to-peer collaborative bespoke updates and access to digital archives, this report ensures that you're well-informed about the latest trends and developments in the Food Service Packaging market. Purchasing the report also includes complimentary updates for one year, keeping you up to date with the industry. Don't miss out on the chance to make informed decisions that can enhance your standing in the global Food Service Packaging Market.
Market Scope
The provided data consists of an extensive analysis of the global food service packaging market, covering various aspects, including materials, packaging types, online food ordering, food service outlets, and institutional food services.
This data spans several years, from 2014 to 2030, providing insights into sales figures and percentage growth rates in multiple geographic regions, such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
This comprehensive analysis allows for a deep understanding of the trends and dynamics within the food service packaging industry over this 16-year period.
Market Overview
- Influencer Market Insights
- Food Service Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Select Competitors (Total 42 Featured)
- Amcor Ltd.
- Anchor Packaging, Inc.
- Ball Corporation
- Bemis Co., Inc.
- Berry Plastics Corporation
- Bionatic GmbH & Co. KG
- Bio-Packaging Limited
- BSI Biodegradable Solutions
- Dart Products Europe Limited
- Dow, Inc.
- DuPont de Nemours, Inc.
- DS Smith PLC
- Excellent Packaging & Supply
- Fabri-Kal
- Genpak LLC
- Hefei Hengxin Environmental Science & Technology Co., Ltd.
- Huhtamaki Oyj
- International Paper Company
- Isap Packaging Spa
- King Yuan Fu Packaging Co., Ltd.
- Reynolds Group Holdings Limited
- Sabert Corporation
- Sealed Air Corporation
- Union Packaging Inc.
- Vegware Ltd.
- WestRock Company
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 273 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $76.4 Billion |
| Forecasted Market Value (USD) by 2030 | $148.7 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/hhh0zm
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