The food service packaging is basically wrapping utilized for the packing of all types of food like fruits & vegetables, dairy products, and others with the aim of preserving it for extended time periods. Food service packaging comprises products like bottles, cans, ampules, jars, aerosol containers, wraps, and plastic pots. The packaging shields the food products from any sort of contamination resulting from air, moisture, & microorganisms, and aids catalytic activity within fresh food. An essential role is played by packaging in maintaining the safety and quality of the food during transportation and handling.
In the recent years, a colossal boost is been experienced by the global food service packaging market and its growth is also expected to surge during the forecast period. Increasing preference toward drive-through and takeaway cultures is driving the acceptance of robust packaging solutions. In addition, the COVID-19 outbreak has also escalated the growth opportunities for the market. Further, rise in urban population and the resulting surge in demand for prepared & processed food are also projected to drive market growth. The rising concerns associated with human health and environment have escalated the need for eco-friendly, recyclable, and reusable packaging solutions, thereby presenting lucrative avenues for market players. To cite, in August 2020, a new SmartLife Bag-in-Box expertise service named SmartLife was introduced by Smurfit Kappa. This solution utilizes a blend of best-quality filling-performance diagnostics and real-world training to recognize prospects for enhancement within the supply chain to increase the shelf-life of Bag-in-Box wines.
The global food service packaging market can be bifurcated based on packaging type, material, application, and region. By material, the market is segregated into metal and plastic. By packaging type, the market is classified into rigid, flexible, and paper & paperboard. The market, by application, is categorized into non-alcoholic beverages, alcoholic beverages, bakery & confectionery, and fruits & vegetables.
Regionally, global food service packaging market is governed by North America owing to the presence of huge consumer base demanding packaged food. Also, Asia Pacific region is anticipated to witness lucrative expansion in the market during the forecast period because of the rising urbanization within the budding economies, the swiftly altering customer preferences & taste, and the rise in takeaways from eateries.
The leading players active within the global food service packaging market comprise Pactiv LLC, Huhtamaki Oyj, Genpak, LLC, Stanpac Inc., WestRock Company, Gold Plast SPA, D&W Fine Pack, Michigan Box Company, Biodegradable Packaging for Environment Co., Ltd., Linpac Packaging, Southern Champion Tray, Magnum Packaging, DS Smith, Smurfit Kappa Group, International Paper Company, New Method Packaging, and Golden Box Ltd.