The food service packaging market was valued at over US$ 54 billion in 2020, according to Fact.MR, and is predicted to reach almost US$ 97 billion by 2031. Due to rising consumer demand for recyclable and sustainable food packaging materials, the industry is rapidly expanding.
According to a new Fact.MR report, the worldwide food service packaging market is expected to grow at a CAGR of 6.9% in volume over the projected period (2017-2026). By the end of 2026, global sales of food service packaging are expected to reach over US$ 170,000 Mn.
Key Segments Covered
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Product type
- Food Service Packaging for Plates
- Food Service Packaging for Shallow Trays
- Food Service Packaging for Cups
- Food Service Packaging for Bowls
- Food Service Packaging for Bottles
- Food Service Packaging for Cans
- Food Service Packaging for Single Serve Portion Packs
- Food Service Packaging for Clamshell Containers (Hinge Lid Containers)
- Food Service Packaging for Two Piece Containers (Separate Lid Containers)
- Food Service Packaging for Others (Foil, Paper and Pouches)
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Packing Material
- Polyethylene Terephthalate (PET, PETE, PETG or polyester) Food Service Packaging Material
- High Density Polyethylene (HDPE) Food Service Packaging Material
- Polyvinyl Chloride (PVC) Food Service Packaging Material
- Low Density Polyethylene (LDPE) Food Service Packaging Material
- Polypropylene (PP) Food Service Packaging Material
- Polystyrene (PS) Food Service Packaging Material
- Aluminum Food Service Packaging Material
- Clay Coated Cardboard Food Service Packaging Material
- Molded Fiber Food Service Packaging Material
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Application Type
- Packaging for Foodservice Outlets
- Food Service Packaging for Bakery Products
- Food Service Packaging for Takeaway Meals
- Food Service Packaging for On-the-Go Breakfast
- Food Service Packaging for Institutional Food Services
- Food Service Packaging for Online Food Ordering
- Food Service Packaging for Dairy Products
- Food Service Packaging for Alcoholic Beverages
- Food Service Packaging for Ready to Drink Beverages
- Food Service Packaging for Other Applications
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Fabrication Type
- Thermoforming-based Food Service Packaging
- Die Cutting-based Food Service Packaging
- Injection Molding-based Food Service Packaging
Competitive Environment
Market players utilise a variety of strategies to stay competitive and increase their market footprints in the sector, including mergers and acquisitions, alliances, and the creation of new goods.
Imperial Dade purchased Cosgrove Enterprises, Inc. on March 12, 2021. This acquisition will help the company cement its position as a leading specialty product distributor. The firm is strengthening its position in the southeast of the United States as a result of this acquisition.
Graphic Packaging announced OptiCycle on July 26, 2021, as an alternative to traditional PE and polylactic acid-coated foodservice packaging. A single-use, easily recyclable food service packaging that is the first of its kind to be commercially offered in North America by a domestic supplier.
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