Lucintel Forecasts Food Service Packaging Market To Grow At A Cagr Of 4%-6% From 2020 To 2025

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According to the recent study the food service packaging market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by cost-effectiveness of food service packaging, requirement of downsizing of packaging, and rising demand for convenience food.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in food service packaging market by material (plastic and metal), packaging type (flexible, rigid, and paper & paperboard), application (alcoholic beverages, non-alcoholic beverages, fruits & vegetables, and bakery & confectionery), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Flexible packaging market is expected to remain the largest segment during the forecast period.”
Based on packaging type, the food service packaging market is segmented into flexible, rigid, and paper & paperboard. Lucintel forecasts that ...
... the flexible packaging market is expected to remain the largest segment due to the increasing demand for sustainable packaging.
“Within the food service packaging market, the fruits & vegetables segment is expected to remain the largest application”
Based on application the fruits & vegetables segment is expected to witness the highest growth over the forecast period due to the increasing demand for ready-to-cook vegetables, including microwave meals and demand for preserving the nutritional value of fruits, while providing an extended shelf life.
“Asia pacific will dominate the food service packaging market in near future”
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing developmental activities, rapid economic expansion, and growing population in the region’s countries which presents a large customer base for fast moving consumer goods (FMCG) products and consumer durables.
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Major players of food service packaging market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amcor, The Dow Chemical Company, Bemis, Westrock, Sealed Air, International Paper, Reynolds, DS Smith, Huhtamaki, and Berry Plastic are among the major food service packaging providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-service-packaging-market.aspxor helpdesk@lucintel.com
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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