Food Service Packaging Market Size By Material (Plastic, Metal, Paperboards, Others), By Packaging Type (Flexible Packaging, Rigid Packaging), By Application (Foodservice Outlets, Institutional Food Services, Online Food Ordering), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 – 2030

Industry Overview

Food Service Packaging Market size was valued at over USD 118 billion in 2021. Driven by the growing demand for convenience food, owing to hectic lifestyles, the industry is anticipated to depict a CAGR of over 5% from 2022 to 2030.
 

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Convenience foods are experiencing high demand in recent years, owing to increased urbanization amid fast-paced lifestyles. Hectic work schedules, generic time constraints, and problems faced during urban commutes have encouraged customers to opt for convenience foods. Their easy availability and pocket-friendliness have increased their usage in food service businesses. The growing penetration of these businesses in online distribution channels has given rise to advanced packaging solutions to simplify the delivery of convenience food, which is facilitating the growth of food service packaging market share.
 

Rising regulatory practices to foster plastic-free packaging may hinder the industry development

Despite abundant growth opportunities for food service packages, the regulatory guidelines for the usage of plastic packaging may impede the market share. Government initiatives toward decarbonization and minimizing carbon footprint play a key role in the adoption of plastic-free packages. The growing mindfulness among customers to opt for eco-friendly packages is likely to hinder product growth. However, plastic packages still emerge as a cheaper and lightweight option.
 

Increasing preferences for customized and lightweight packages to drive plastic packaging segment expansion

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On the basis of material, the food service packaging market is segmented into plastic, metal, and paperboards. Owing to its lightweight and flexible form, the plastic segment will depict a CAGR of over 5% through 2030. Plastic packaging can easily be tailored as per customers’ needs and offers great customization in terms of shapes, sizes, and styles. Additionally, it is used at scale by the food service industry due to its ability to help reduce food waste and the role it plays in ensuring food safety, which will augment the plastic segment demand.
 

Rising demand for hassle-free packaging will boost the demand for flexible packages

In terms of packaging type, the food service packaging market is categorized into flexible and rigid packaging. Out of these, the flexible packaging segment is estimated to depict a CAGR of over 5.5% through 2030. The growth can be credited to the ease of use and requirement of less packaging material. It also requires less energy than rigid packages, which contributes to segmental expansion. In addition, it is reusable and recyclable, making it a viable choice for food service packaging companies.
 

App-based food delivery services will boost the demand for online food ordering

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The food service packaging market is categorized based on application into foodservice outlets, institutional foodservices, and online food ordering. Among these, the online food ordering segment is anticipated to cross a valuation of USD 62 billion by 2030. The recent boom in app-based food delivery services will augment the demand for online food ordering as it entails additional packaging requirements. The segment growth will continue to depict an increase as more and more food service establishments turn to online food ordering given the conveniences it offers, such as inexpensive marketing, real-time expense monitoring, and efficient order management.
 

Asia-Pacific to emerge as a major hub for food service packaging market players

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Regionally, the food service packaging market is segmented into North America, Europe, Asia Pacific, LATAM, and MEA. The Asia Pacific industry is poised to depict a CAGR of more than 6.5% through 2030. The growth can be attributed to the rising population in APAC economies such as India and China. Increased disposable income and rising urbanization have paved the way for the popularity of convenience food, thereby surging the demand for efficient food service packages. Furthermore, ramped-up plastic production in the emerging markets of APAC will push the regional industry trends.
 

Product innovations to foster the growth of food service package market trends

Some of the key market players partaking in the food service packaging industry are Amcor plc, Sealed Air, Sonoco Products Company, Berry Global Incs, WestRock Company, Mondi, Genpak LLC, Pactiv LLC, Chantler Packages, Winpak Limited, and others. These companies are focusing on launching innovative packaging solutions to retain their standing in the market.
 

Impact of COVID-19 on the Food Service Packaging Market Outlook

Amid the backdrop of the COVID-19 outbreak, the global market was put to slumber due to supply chain disruptions and industry closures. Customer spending on non-essential food items such as convenience food dropped down due to the effects of the pandemic. Stringent lockdowns and social distancing norms drastically affected the industry’s sales figures. However, the market is set to recover in 2022 and beyond with growing investments in food service businesses.
 

The food service packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo tons and revenue in USD million from 2018 to 2030 for the following segments:

By Material Type

• Plastic
• Metal
• Paperboards
• Others

By Packaging Type

• Flexible Packaging
• Rigid Packaging

By Application

• Foodservice Outlets
• Institutional Food Services
• Online Food Ordering

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa