Foodservice Packaging Market is expected to witness a positive growth rate due to large sales in the food & beverage sector - Persistence Market Research - Seite 2

"Prominent players in the foodservice packaging market should focus on eco-friendly packaging solutions. This would count for sustainable & healthy growth, and help manufacturers run a long race. Further, key players have significant revenue generating opportunities in the coming years with the expansion of online food selling and delivery businesses, especially in the Asia Pacific region," says a Persistence Market Research analyst.

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Rising Consumer Demand for Pre-packed Food

Demand for pre-packed food continues to increase due to changing lifestyles of people and growing global population, which is fueling demand for paper bags in the foodservice sector. As many developing countries such as India, Mexico, Indonesia, Malaysia, etc., are rapidly industrializing and experiencing urbanization, rising demand for on-the-go meals is expected to fuel demand for paper bags for the foodservice market. The foodservice industry is focusing on trading, logistics, marketing, and consumer services, all of which are directly dependent on the quality of packaging of the food.

World trend toward pre-packed food and foodservice packaging has increased plastic production, and hence, a large number of retailers in the foodservice industry are focusing on packaging that is environment-friendly. Consumers are preferring takeaways, and growing ready-to-eat food consumption is boosting demand for foodservice packaging solutions, owing to changing lifestyles and increasing disposable income of people in the urban society. Moreover, regular work culture associated with the corporate world is leading to rising consumption of pre-packed food, which, in turn, is reinforcing demand for paper bags in the foodservice industry, thereby aiding the growth of the global foodservice packaging market.

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Foodservice Packaging Market: Competition Analysis

PMR's report underlines groundbreaking insights into the competitive scenario of the foodservice packaging market, along with highlights of differential strategies used by manufacturers. Some of the prominent players in the global foodservice packaging market include Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc, Pactiv LLC, D&W Fine Pack, Gold Plast SPA, Berry Global Group Inc, DOpla SpA, Smurfit Kappa Group, WestRock Company, Huhtamäki Oyj, New WinCup Holdings, Inc., Linpac Packaging Ltd., Graphic Packaging Holding Company, Coveris Holdings SA, Novolex Holdings, Inc., Be Green Packaging, Genpak LLC, GRACZ, INC., Southern Champion Tray, LP, and others.